August closes on edge, and September brings the real test. 🌪️
🇺🇸 Fed Chair Kevin Warsh’s hawkish Jackson Hole tone (Aug 28) pushed September rate hike odds to near 50%, with December odds above 70%. This follows July’s shock Nonfarm Payrolls miss (-23K vs +79K forecast). The next NFP lands Sept 4, a make-or-break print for rate bets. 📉
🇪🇺 The ECB isn’t waiting either. Hot inflation in France (2.7%) and Spain (4.5%) has markets pricing an 87% chance of a hike at the Sept 10 meeting. Two hawkish central banks at once means EUR/USD stays boxed in near 1.158. 💶
🥇 Gold holds firm near $4,600/oz, less about rates now, more about the dollar debasement trade and US debt concerns.
🛢️ Oil swings between $85–90 as Middle East diplomacy fights Russia-Ukraine escalation headlines for control of the narrative.
⚡ Rate decisions, a critical jobs report and geopolitical risk all collide within two weeks. Buckle up.
👉 Trade the moves: https://my.nordfx.com/en/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx
NordFX: August Close, September Setup — Payrolls, ECB and Fed Risks Ahead 📊 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.