Market News 24/8
Hello, wonderful traders! It’s the middle of the trading week, so let’s see what news is important to know for today!✨
🇺🇸Investors will be keeping a close eye on Fed Chairman Jerome Powell's speech at the Jackson Hole symposium on Friday to see how hawkish the US central bank will be in the situation of growing economic troubles.
🛢Crude oil surged above $93 per barrel, helped by declining US crude inventories and a possible cut in OPEC production. WTIUSD is $93.70 at the moment, and XBRUSD is $99.42.
🇨🇳China's already fragile economy has been plagued by some of the driest riverbeds since 1865, disrupting hydroelectric power generation and causing energy chaos.
🀄️The yuan fell to its lowest level against the dollar in 2 years. USDCNH is $ 6.8766 now.
☢️Bitcoin and other major cryptocurrencies were largely flat on Tuesday, even as investors remained anxiously excited ahead of the Fed Chairman Jerome Powell's scheduled announcements on Friday about the central bank's direction on monetary policy.
💰Billionaire Warren Buffett is auctioning off his autographed high-tech portrait to raise money for the charity, and bidding has already topped $30,000.
✨Have a fantastic trading day! ✨
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-