Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
South Korean Won Leads Asian FX Losses as Dollar Rises 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
US Dollar Near Two-Month Low as Markets Await Inflation Data 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Compared to last week, this week is more risk heavy, filled with central banks speakers.
What to watch for over the coming days:
- Jackson Hole:
The major focus for the week is on Jackson Hole symposium organized by Kansas City Fed and attended by central bankers and finance ministers around the world. So from Thursday, the focus of the market will be on the speeches from Jackson Hole. The Symposium had been used by former Fed President Ben Bernanke to announce changes in monetary policies; however, such actions are unlikely to come from Fed Chair Janet Yellen.
- GDP data:
This week’s most important economic data coming from the world is GDP. German second quarter GDP figure will be released on Wednesday, UK GDP figure for the second quarter will be released on Thursday and the same figure from the United States will be announced on Friday.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
