US Dollar Fades As Gold Bounces, Yellen Looms

New York (Aug 25)  Equity markets were mixed last night. EU stocks are softer. Precious metals have a slight bid to them on the back of the fading USD rally, and we expect liquidity to decrease as people square up books for Friday's Jackson Hole Yellen festival. Significant economic numbers due today are Initial jobless claims at 8:30 and Nat Gas inventories at 10:30.

Source: MarketSlant