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Forex Weekly Outlook August 19-23 - All eyes on Powell
Global markets struggled as signs of an upcoming recession grew. The next moves depend on the Federal Reserve, with the FOMC minutes and Chair Jerome Powell´s speech standing out. Here the highlights for the next week. The German economy contracted and may be entering a recession. Chinese industrial production growth grew at the slowest since 2002. And US yields have inverted – scaring investors of a recession in the world´s largest economy. Other economic indicators were mixed, with US retail sales rising more than expected but consumer confidence falling. Canadian inflation report: Wednesday, 12:30. Canada’s ... (full story)