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4:15pm: Employment data doesn't mean the Fed is done raising rates: analyst  The Dow closed Friday up 116 points, 0.3%, at 34,838, the Nasdaq Composite lost...

The Federal Reserve is holding its annual symposium in Jackson Hole, Wyoming, from Aug. 24-26, with investors' focus on Chair Jerome Powell's speech on Friday for confirmation on whether interest rates are going to stay higher for longer.

The metal rose on disappointing PMI data from the UK, Euro-zone and the US

Today’s eco calendar is unlikely to inspire trading with July durable goods orders and weekly jobless claims. Speeches by Philly Fed Harker and by Boston Fed Collins are wildcards. Overall market positioning is again more neutral after yesterday’s correction and going into tomorrow’s key Jackson Hole speeches. It lowers the probability to see high profile technical breaks in FI/FX and stock markets.

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