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Friday 26 August 2016

Fed, ECB, Bank of England

Today, it is worth paying attention to the passing in Jackson Hole Economic Symposium, as it meets the majority of the central banks, and will be discussed the world economic situation and the possibility of settlement of the existing problems. It will be accompanied by performances of the FED's governer Janet Yellen, the chairmans of the ECB and BOE. This will undoubtedly lead to a strong volatility in all major pairs.
But often the most important conclusions and statements are not published until its end, so to predict the output of the trade will be problematic. At the moment, the major currencies are in a consolidation phase and are moving in a very narrow range. And it is worth to wait for the release of the more significant macroeconomic data, which will move the market forward.

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