Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play.
The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny,...
Traders will next hear from Federal Reserve Chair Jerome Powell during his highly anticipated address at the Jackson Hole Economic Symposium. The key question hanging over the market: Will Powell use this speech to pave the way for a potential interest rate cut in September?
Scott Helfstein, head of investment strategy at Global X, argues that Powell should take...
