Euro / Dollaro

The Day Ahead - Powell’s Jackson Hole speech is the key driver

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Key Data

UK: Consumer confidence improved (–17 vs –19), helped by BoE rate cut. July retail sales delayed; surveys show mixed picture—fashion/discretionary strong, but overall retail still weak.

Japan: Inflation eased to 3.1%, but core remains above 3% → BoJ still under pressure to tighten.

France: Business confidence steady at 96; retail very weak, services softer, construction a bit better.

Canada: Retail sales rebounded +1.6% in June after May’s drop.

Fed / Jackson Hole

Powell speaks today—markets looking for clues on September rate cut.

Tone will drive trading:

Dovish → risk-on rally (equities, bonds).

Hawkish/cautious → risk-off move (yields up, stocks softer).

Takeaway for traders: Mixed global data, but Powell’s Jackson Hole speech is the key driver for today’s market direction.

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