FED: Chair Warsh To Give Jackson Hole Keynote Speech Aug 28 At 10am ET
The Fed's Kevin Warsh will give his first Jackson Hole symposium keynote speech as Chair at 1000am ET on Friday Aug 28 (8am local time in Wyoming). That's been the usual timeslot in the last few years. There's no title for the speech provided.
- The full Jackson Hole schedule typically isn't revealed until 8pm ET the night before the keynote (so, Thursday August 27) though in the week leading up to the event we usually get some early indications of global central bank officials' appearances.
- This year's theme for Jackson Hole is "Financial Innovation: Implications for Payments and Policy."
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USDCAD TECHS: Recovers Off The 50-Day EMA
- RES 4: 1.4292 61.8% Retracement Feb’25 - Jan’26 downleg
- RES 3: 1.4264 1.618 proj of the Mar 9 - 31 - May 1 price swing
- RES 2: 1.4248 High Jun 24, 25 and 30 and the bull trigger
- RES 1: 1.4190 High Jul 9
- PRICE: 1.4107 @ 21:27 BST Jul 21
- SUP 1: 1.4003 Low Jul 20
- SUP 2: 1.3981 38.2% retracement of the May 1 - Jun 24 bull cycle
- SUP 3: 1.3951 Low Jun 15
- SUP 4: 1.3899 50.0% retracement of the May 1 - Jun 24 bull cycle
The USDCAD trend structure remains bullish and the bear cycle since Jun 24 is considered corrective. The pair has breached the 20-day EMA and attention is on the next important support at 1.4017, the 50-day EMA. The average has been pierced, however, it remains intact and the latest recovery is encouraging for bulls. A clear break of it would signal scope for a deeper retracement. The bull trigger is at 1.4248, the Jun 24, 25 and 30 high.
AUDUSD TECHS: Monitoring Resistance At The 50-Day EMA
- RES 4: 0.7120 61.8% retracement of the May 6 - Jun 30 bear leg
- RES 3: 0.7088 High Jun 15
- RES 2: 0.7071 50.0% retracement of the May 6 - Jun 30 bear leg
- RES 1: 0.7027 High Jul 21
- PRICE: 0.6998 @ 21:19 BST Jul 21
- SUP 1: 0.6971 20-day EMA
- SUP 2: 0.6907 Low Jul 8
- SUP 3: 0.6865 Low Jun 30 and the bear trigger
- SUP 4: 0.6757 38.2% retracement of the Apr 9 ‘25 - May 6 bull cyle
AUDUSD is holding on to the bulk of its latest gains. A bear cycle remains intact and - for now - recent gains are considered corrective. The pair has pierced the 50-day EMA, at 0.7011. A clear break of the average would highlight a stronger short-term bounce and signal scope for a continued retracement of the May 6 - Jun 30 bear leg. Key support and the bear trigger lies at 0.6865, the Jun 30 low. A breach of it would resume the downtrend.
EURJPY TECHS: Challenging Resistance
- RES 4: 187.95 High Apr 17 and the bull trigger
- RES 3: 187.56 High Apr 30
- RES 2: 186.56 76.4% retracement of the Apr 17 - May 6 bear leg
- RES 1: 186.12/186.32 High Jul 21 / High Jun 16 and 17
- PRICE: 186.08 @ 20:59 BST Jul 21
- SUP 1: 185.10 50-day EMA
- SUP 2: 183.78/183.17 Low Jul 2 / Low Jun 24
- SUP 3: 182.05 Low May 06 and a bear trigger
- SUP 4: 181.87 Low Mar 16
EURJPY is holding on to its latest gains. Sights are on the key short-term bull hurdles at 185.86 (pierced), the Jun 30 high, and 186.32, the Jun 16 and 17 high. Clearance of both price points would be a bullish development. On the downside, a key support to watch lies at 183.17, the Jun 24 low. A clear break of this level would instead pave the way for an extension towards 182.05, the May 6 low.
