The post Forex Today: Will Chair Powell…? appeared on BitcoinEthereumNews.com. The US Dollar (USD) outperformed its peers on Thursday, gathering extra steam on the back of solid data releases and steady caution ahead of the critical speech by Chief Jerome Powell at the Jackson Hole Symposium on Friday. So far, consensus continues to favour a rate cut in September. Here’s what to watch on Friday, August 22: The US Dollar Index (DXY) traded with marked gains on Thursday, retesting multi-day highs around 98.70 amid the resurgence of the upside impulse in US yields across the curve and firmer data. The speech by Powell at the Jackson Hole event will take centre stage as investors continue to assess the Fed’s potential rate path in the latter part of the year. EUR/USD navigated on the defensive and approached the 1.1600 neighbourhood, always against the backdrop of a generalised prudent stance in the FX galaxy. The final Q2 GDP Growth Rate in Germany is due, seconded by the ECB’s Negotiated Wage Growth and the Consumer Inflation Expectations survey. GBP/USD added to its ongoing weakness, coming close to the key contention area around 1.3400 the figure. The GfK Consumer Confidence gauge will be the only data release across the Channel. Further choppiness saw USD/JPY set aside two daily drops in a row and surpass the key 148.00 barrier amid strong gains. The key Inflation Rate will be the salient event on the domestic docket. AUD/USD weakened further and approached the 0.6400 support zone, or two-month troughs. Next on tap in Oz will be the publication of the RBA Minutes on August 26. Prices of the barrel of WTI could not sustain the initial move to weekly highs near $63.50, eventually succumbing to the selling pressure despite signs of stronger demand in the US and steady uncertainty on the geopolitical front. Gold prices managed to… The post Forex Today: Will Chair Powell…? appeared on BitcoinEthereumNews.com. The US Dollar (USD) outperformed its peers on Thursday, gathering extra steam on the back of solid data releases and steady caution ahead of the critical speech by Chief Jerome Powell at the Jackson Hole Symposium on Friday. So far, consensus continues to favour a rate cut in September. Here’s what to watch on Friday, August 22: The US Dollar Index (DXY) traded with marked gains on Thursday, retesting multi-day highs around 98.70 amid the resurgence of the upside impulse in US yields across the curve and firmer data. The speech by Powell at the Jackson Hole event will take centre stage as investors continue to assess the Fed’s potential rate path in the latter part of the year. EUR/USD navigated on the defensive and approached the 1.1600 neighbourhood, always against the backdrop of a generalised prudent stance in the FX galaxy. The final Q2 GDP Growth Rate in Germany is due, seconded by the ECB’s Negotiated Wage Growth and the Consumer Inflation Expectations survey. GBP/USD added to its ongoing weakness, coming close to the key contention area around 1.3400 the figure. The GfK Consumer Confidence gauge will be the only data release across the Channel. Further choppiness saw USD/JPY set aside two daily drops in a row and surpass the key 148.00 barrier amid strong gains. The key Inflation Rate will be the salient event on the domestic docket. AUD/USD weakened further and approached the 0.6400 support zone, or two-month troughs. Next on tap in Oz will be the publication of the RBA Minutes on August 26. Prices of the barrel of WTI could not sustain the initial move to weekly highs near $63.50, eventually succumbing to the selling pressure despite signs of stronger demand in the US and steady uncertainty on the geopolitical front. Gold prices managed to…