The main highlight of today’s session will be the Jackson Hole Symposium and the speeches for both Fed Chair Powell, and ECB President Lagarde.

The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&P Global Flash PMI data.

The markets are in a risk-off mood on Wednesday as concerns about the economic outlook mount. The euro and pound sterling find themselves under pressure, while the dollar is strengthening. Treasury yields are also pulling back after hitting a new cycle high.

INFINOX, a leading brokerage firm, has recently launched the newest version of its copy trading app, IX Social.

Market sentiment put in a decent bounce on Monday, with the Nasdaq futures continuing to grind higher (+0.40% at the time of writing). This is surprising given that US 10-year Treasury yields hit a new cycle high yesterday, and higher yields have been a key driver of recent negative risk sentiment.

The economic calendar is light today, with only US jobless claims and the Philadelphia Fed business index data scheduled for realase. However, even these minor data releases could have a big impact on the markets, given the current volatility.

Today’s economic calendar is light, with only US building permits and housing starts scheduled for release.

UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.

This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.

The US dollar (DXY) managed to hold onto key support at 102 despite lower-than-expected year-over-year (YoY) CPI dat

WTI oil prices hit fresh YTD highs on Wednesday, despite a higher-than-expected inventory draw.

Central banks around the world adopted cautious tones in the past week, as economic data showed signs of slowing growth.