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.

Comments of Sberbank CIB on incentives

The positive mood in the market is a result of a combination of impulses coming from the leading economies in the form of incentives, say analysts.
According to recent data the Japanese Prime minister Shindzo Abe planned package of fiscal stimulus to the economy in the volume of 20 trillion yen, as in the discussion of policy initiatives will participate former head of the Federal Reserve Ben Bernanke (the adoption of the decision was scheduled for July 29).
In addition, investors welcomed the quick nomination of Theresa May as prime minister of Britain. It came om Tuesday. At the same time the Bank of England last Thursday announced the easing of monetary and credit policy, such action by the ECB can be expected in the third quarter.