US Dollar Price Action: USD Bears Whiplashed by Dollar Reversal

A fast and aggressive move showed this morning on the open of the Jackson Hole Economic Symposium, and the US Dollar put in a strong reversal.

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Gold & USD Whipsaw as Fed Announces Average Inflation Targeting

Gold price action snapped higher and USD/JPY took a nosedive in the immediate response to news out of the Jackson Hole Symposium that the Fed will shift policy to average inflation targeting.

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Gold & USD Whipsaw as Fed Announces Average Inflation Targeting

Gold price action snapped higher and USD/JPY took a nosedive in the immediate response to news out of the Jackson Hole Symposium that the Fed will shift policy to average inflation targeting.�

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USD/ZAR Technical Analysis – Dollar Backing Down into Support vs Rand

USD/ZAR is dropping into trend support of a couple of degrees, hold or fold?

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Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)

Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)
Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the «second» estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the «advance» estimate released in July. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text

Published August 27, 2020 at 08:30AM
Read more at bea.gov