The Takeaway On Tapering From Jackson Hole And Key Market Data For Next Week

Marc Chandler, Managing Partner at Bannockburn Global ForEx, joins us to provide a takeaway on the talk of tapering from Jerome Powell. Marc points out Powell’s distinction on plans for tapering in contrast to the coming tightening, and how it may affect interest rates and bonds in a different way than conventional market wisdom expects. We then dive into the three key market reports to be aware of heading into next week – the European CPI, the Chinese PMI, and the US Jobs report.

Click here to visit Marc’s blog to keep up to date with the data and markets he is following.

    Aug 27, 2021 27:20 PM

    Here is that article I referenced in the discussion above with Marc regarding China getting set to push a bunch of strategic reserve metals into the market to try and control price inflation. We’ll see if it is enough to tame inflation in the commodity prices.


    China to Sell 150,000 Tons of Metals From Reserves on Sept. 1

    Bloomberg News – Thu, August 26, 2021

    “China said it would release its third batch of metals from state reserves on Sept. 1 as part of its ongoing campaign to control prices and prevent commodities inflation from hurting growth.”

    “The National Food and Strategic Reserves Administration said Friday it will sell 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper, quantities in line with the two earlier auctions that took place in July.”

    Aug 27, 2021 27:28 PM

    I thought Marc’s point about the “outside” down day that the US Dollar had today was a significant technical indicator for the greenback here at the end of the week.

      Aug 27, 2021 27:14 PM

      Might have help gold also.

      Aug 28, 2021 28:11 AM

      bearish engulfing candle is one of the best signal type of candles…should be taken for real…i am without charts now..incredible comments and input during this tough exhausting week…glta 🔊💥

    Aug 27, 2021 27:56 PM

    I like this guy and appreciate his take on things.
    I wonder about Chinese flogging those metals, if it’s more about the USD and not so much about the commodities.