8.26.2022 FxGecko Forex News
2022-08-26 10:25:19
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1.FX: Federal funds rate futures traders see a 65% chance that the Fed will raise rates another 75 basis points at its September meeting, and a 35% chance of a 50 basis point hike.  USD index fell 0.14% to 108.46. EURUSD was flat at 0.9968 on the day.

2.Gold: Gold prices rose on Thursday as the dollar retreated from recent highs and investors awaited the Jackson Hole symposium, seeking to get a hint about the Fed's monetary policy.

3.Crude oil: Oil prices slipped about $2 in jittery trading Thursday as investors braced for the possible return of sanctioned Iranian oil exports to global markets and worried that rising U.S. interest rates would weaken fuel demand.

4.Stocks: U.S. stocks closed sharply higher Thursday, boosted by gains in Nvidia and other tech-related stocks, as investors watched the Federal Reserve's Jackson Hole meeting for clues about the Fed's policy outlook.

Market News:

1. California may completely ban fuel cars by 2035

2. Lack of fuel Lebanon will suspend the national public electricity supply

3. U.S. corporate profits hit a record high since 1950

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