NewsWare’s Trade Talk: Friday, August 26

S&P Futures are trading lower this morning as the market awaits comment from Fed Chair Jerome Powell this morning. The dollar edged higher in Europe and is likely to extend gains as long as Powell continues to point to further rate increases in his Jackson Hole speech. Treasury bonds are moving higher with the 10-year climbing to 3.072 and oil prices are trading 1.50% higher this morning as demand is starting to improve.