USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Symposium on world economic problems is to be held soon!
Symposium on world economic problems is to be held soon!
The Jackson Hole Economic Symposium conference is an annual and exclusive central banking conference to foster open discussion about important and current policy matters.
What will happen?
The Jackson Hole Economic Symposium conference is an annual and exclusive central banking conference to foster open discussion about important and current policy matters. Every year hundreds of thousands of viewers are following everything that happens here. Unfortunately, the meetings are closed to the press, so we get to know all the major news from the officials through the day.
Last year Federal Reserve Chair Jerome Powell told us about inflation targeting and the FED intention to target on 2% average inflation rate. Higher inflation rates are usually good for stock market as prices and incomes will tend to increase. Moreover, Powell announced a potentially major shift in the bank’s strategy by stating that they’ll be prioritizing employment while targeting “average inflation.”
Also, the speech was given by Andrew Bailey, the Governor of the Bank of England. He said about the effectiveness of quantitative easing in COVID crisis case and assured everyone that Bank of England is still in good shape. After that GBP/USD pair vastly increased.
How to trade the event?
Usually, Jackson Hole Symposium is envisaged to meet for two or three days, so markets can get more volatile during this period, this meeting will affect all financial markets in the world.
Check the economic calendar
Instruments to trade: Forex pairs, Metals, Indices, Stocks.
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