{"id":111642,"date":"2017-08-25T00:29:33","date_gmt":"2017-08-25T04:29:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=111642"},"modified":"2017-08-25T00:29:33","modified_gmt":"2017-08-25T04:29:33","slug":"markets-sit-tight-awaiting-jackson-hole-speeches-25-8-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/markets-sit-tight-awaiting-jackson-hole-speeches-25-8-2017\/","title":{"rendered":"Markets Sit Tight Awaiting Jackson Hole Speeches 25-8-2017"},"content":{"rendered":"
August 25, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

Jackson Hole Symposium\u00a0kicks off<\/strong>.\u00a0<\/strong>The highly anticipated Jackson Hole Symposium\u00a0is off to a good start, but traders appear to be holding off any huge positions until ECB head Mario Draghi and Fed Chairperson Janet Yellen deliver their key speeches later in the day.\u00a0Investors are waiting for any clues on further U.S. rates rises, the timing of its balance sheet tapering and if Europe is still looking to rein in stimulus.<\/p>\n

More Infighting In Washington<\/strong>.<\/strong>\u00a0U.S. President Donald Trump threw shade on his fellow Republicans for putting the government on the brink of a shutdown due to the looming debt ceiling deadline. He said on Twitter on Thursday that Republican congressional leaders could avoid a legislative \u201cmess\u201d if followed his advice to tie debt ceiling legislation a few weeks back.<\/p>\n

Downbeat Medium-Tier U.S. Data<\/strong>.\u00a0<\/strong>Stronger-than-expected data on U.S. initial jobless claims on Thursday helped the dollar stay positive on the day. The dollar edged higher against the other major currencies, but gains were capped by the release of disappointing U.S. housing sector data and as investors shifted focus to an upcoming global central bankers\u2019 meeting.<\/p>\n

Yen<\/strong>\u00a0Awaiting\u00a0<\/strong>Jackson Hole Key\u00a0Speeches.\u00a0<\/strong>The yen slipped further against the dollar on Friday with consumer prices data in Japan meeting expectations and a pair of speeches by the Fed chair and ECB president highly awaited.<\/p>\n

Mixed Day For Commodities<\/strong>.<\/strong>\u00a0Gold was trading mostly sideways for the day as investors seemed to be saving their moves until after Mario Draghi and Janet Yellen have delivered their testimonies.<\/p>

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Crude Oil Is Down.\u00a0<\/strong>Crude oil took a hit on speculations that Hurricane Harvey could lead refineries to shore up stockpiles before shutting down when the storm hits. The U.S. National Hurricane Center predicted that Harvey will turn into a major hurricane by Friday as it approaches Texas, likely leading to outages along the U.S. Gulf Coast.\u00a0Nearly half of the country\u2019s\u00a0petroleum refining capacity is located along the Gulf Coast, along with roughly 51% of U.S. natural gas processing plants.<\/p>\n

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Watch Out Today For:\u00a0<\/strong><\/p>\n

12:30 pm GMT:\u00a0USD\u00a0Durable Goods Orders<\/p>\n

14:00 pm GMT:\u00a0USD Federal Reserve Chairperson Janet Yellen Speaks<\/p>\n

19:00 pm GMT:\u00a0EUR ECB President Mario Draghi Speaks<\/p>\n

BY MEX GROUP TEAM<\/strong><\/p>\n

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The post Markets Sit Tight Awaiting Jackson Hole Speeches 25-8-2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com Jackson Hole Symposium\u00a0kicks off.\u00a0The highly anticipated Jackson Hole Symposium\u00a0is off to a good start, but traders appear to be holding off any huge positions until ECB head Mario Draghi and Fed Chairperson Janet Yellen deliver their key speeches later in the day.\u00a0Investors are waiting for any clues on further U.S. rates rises, the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111642","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=111642"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111642\/revisions"}],"predecessor-version":[{"id":111643,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111642\/revisions\/111643"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}