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Forex Weekly Outlook August 19-23 - All eyes on Powell

From forexcrunch.com

Global markets struggled as signs of an upcoming recession grew. The next moves depend on the Federal Reserve, with the FOMC minutes and Chair Jerome Powell´s speech standing out. Here the highlights for the next week. The German economy contracted and may be entering a recession. Chinese industrial production growth grew at the slowest since 2002. And US yields have inverted – scaring investors of a recession in the world´s largest economy. Other economic indicators were mixed, with US retail sales rising more than expected but consumer confidence falling. Canadian inflation report: Wednesday, 12:30. Canada’s ... (full story)

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  • Category: Fundamental Analysis