Natural gas finishes the week at a two-and-a-half year high. Why the best may still be to come 0 (0)

Natural gas up another 4.5% today
A tight US storage report yesterday sent natural gas prices into overdrive, spiking 6% yesterday and another 4.5% today.
Prices at Henry Hub are at $4.37 per MMBtu, which was a pipedream a year ago when they were at $1.80.

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FX option expiries for 27 August 10am New York cut 0 (0)

A look at what is on the board for today
Just a couple of big ones for EUR/USD today, as highlighted in .
bold
That said, price action remains more muted ahead of Jackson Hole, holding above key near-term levels at 1.1750 while below 1.1800. That is likely to see the current range hold out before the expiries

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Fed’s Bostic says it would be reasonable to begin tapering in October 0 (0)

Remarks by Atlanta Fed president, Raphael Bostic
– Reasonable to trim bond purchases in October if US job gains stay strong
– Thinks „substantial progress“ benchmark to start tapering would be met if August job gains match those in June, July
This adds to the chorus of hawkish remarks by Fed policymakers yesterday .

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Fed’s George: Communication in September meeting will reflect discussions on taper 0 (0)

Kansas City Fed president, Esther George, speaks to Fox Business
– It is time to start altering Fed accommodation
– Fed should begin decreasing bond purchases this year
This pretty much further diminishes any major announcement from the Jackson Hole symposium tomorrow, though the fact that it had gone virtual already did send a clear enough message on

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