Annual Jackson Hole Economic Symposium commence today! Do you know what to focus on?

August 24, 2017

Friday Showdown: Yellen vs Draghi.

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Annual Jackson Hole Economic Symposium commence today! Do you know what to focus on?

Economic Symposium Meeting Coming Up Who Will Prevail In Jackson Hole?

It’s time for central bankers to take the stage!

On Friday, August 25, the Federal Reserve Chair Janet Yellen, and European Central Bank President Mario Draghi, will make speeches at the Jackson Hole Economic Symposium.

The speeches will be made at 16:00 (GMT) and 19:00 (GMT). Traders will be looking for clues about the future of the US Dollar and Euro.

Critical Details to Know

  1. The annual Jackson Hole Economic Symposium is where policy makers gather to decide on the future of the global economy. This year it will take place on August 24-26, 2017.
  2. The Fed raised interest rates twice this year, but remains cautious for the third hike as US inflation is far from target.
  3. ECB recently signalled a gradual ending of the QE policy which they installed to save shaking EU economies.

Investors all around the globe have been waiting for this event to learn the Fed’s and ECB’s plans for their currencies.

Who will emerge stronger: EUR or USD?

Trade Now!

Why is it important for EUR/USD?

  • EUR and USD are the most traded currencies in the world, and the speeches can impact the pair greatly.
  • Since the beginning of the year, the EUR has been performing great, while the USD lost value against the majority.
  • EUR/USD opened the year at 1.0507, and now trying to hold above 1.1800.

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