August nonfarm payrolls rose 162,000, far exceeding forecasts of roughly 56,000, giving the dollar a fresh boost ahead of the Fed’s September decision.
Fed Chair Warsh’s hawkish Jackson Hole speech pushed September rate-hike odds above 50/50, lifting yields and the dollar while gold fell.
July new home sales fell 10.5% and August consumer confidence hit a seven-month low, though the dollar held firm despite the weak data.
The US Treasury unveiled sweeping new sanctions targeting over 60 individuals and entities to isolate Iran’s economy, boosting the dollar on safe-haven demand.
EUR/USD touched its highest level since May before reversing at the closely watched 1.1700 resistance level.
Bank of Japan officials, led by Deputy Governor Himino, begin a week of public appearances testing the market’s bet on a September rate hike.
An ECN broker connects traders directly to a network of real liquidity providers instead of taking the other side of the trade internally.
Forex regulatory bodies like the FCA, ASIC, and CySEC license and oversee brokers, and understanding what each actually enforces matters before choosing where to trade.
A currency peg deliberately fixes a country’s exchange rate to another currency, trading monetary policy flexibility for exchange-rate stability.
Fed Chair Kevin Warsh delivers his first Jackson Hole keynote Friday, just weeks before a September FOMC decision markets see as a coin flip.