USD/JPY Breaks Down Consolidation Support with Bernanke’s Speech

I noted on Wednesday (8/29) that the USD/JPY was still consolidating, with some upside risk toward 79.00 in the near-term and still be within a bearish scenario in the short term ie. next week. The market could not muster strength for the US Dollar over the Japanese Yen pass the 78.78 pivot in the ... FF News: Technical

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"Don't Count Your Hahnchen": 40% Chance German Court Does Not Ratify ESM

"Don't underestimate how close the Court verdict is" is the warning that Morgan Stanley's European Research group sends out in a note today. In their view, there is a non-negligible risk that the German Constitutional Court will voice concerns about the ESM and, potentially, also the fiscal compact... FF News: Fundamental

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3 Numbers to Watch: Bernanke speech, Canadian Q2 GDP & German Retail Sales

So the big day has finally arrived. Fed chairman Ben Bernanke is scheduled to kick off the Economic Policy Symposium in Jackson Hole with a speech at 1400 GMT, followed by talks from the Bank of England's Andrew Haldane and Adam Posen at 1555 and 1710, respectively. Then it's on to IMF chief... FF News: Fundamental

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S&P 500 Waiting for a True Breakout Ahead of Jackson Hole and Bernanke

False Breakout: The previous update noted a nascent breakout from a projected declining trendline in the S&P 500 futures. However, this breakout had no followthrough, and the market started trading choppily sideways to slightly bearish. The 4H chart shows the non-directional nature of the market.... FF News: Technical

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