Talking Points:
- The Jackson Hole Economic Symposium is now underway and there have been multiple Central Banker interviews already on financial television. Today is marked by a series of speeches and interviews and this produces a backdrop that could bring continued volatility throughout the day. Potentially complicating matters for short-term traders is the fact that we’re in the latter-portion of summer trading and liquidity levels will likely remain subpar throughout the day, potentially magnifying any volatility that does come in from today’s slate at Jackson Hole.
- The US Dollar is very much the focal point today after the retracement that started last Wednesday ran into a key area of support yesterday[1]. That support has held thus far, but also brewing on the weekly chart is a potential bearish reversal pattern, which if coupled with a break or test through support today, can become attractive for price action[2] themes next week and moving towards the end of Q3.
- DailyFX Forecasts on a variety of currencies such as the US Dollar[3] or the Euro[4] are available from the DailyFX Trading Guides page[5]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[6]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[7].
Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator[8].
Jackson Hole Begins as We Near the Week’s End
As we move towards the close of this week, one really big event remains on
