Trading Forex and CFDs is risky
Read HotForex Daily Market Analysis

Jackson Hole = USD Weakness -Video Analysis

Market Analysis

Jackson Hole = USD Weakness –  Draghi’s long awaited Jackson Hole speech was an attack on protectionism and a defense of free trade, but didn’t touch on current monetary policy and in the Q&A Draghi stuck to the script and repeated that inflation isn’t quite there yet while stressing that QE has worked. The dollar pulled back following Yellen’s prepared comments, which revealed no new clues on the policy outlook. As a result, the FX market appears to have gone back to its baseline expectations of no more rate hikes this year. Following the release of Draghi’s Jackson Hole speech,  EURUSD rallied sharply. Draghi  largely steered clear of policy intentions per se, instead calling for free trade, and the need to avoid risks from loose monetary policy. EURUSD popped to 1.1941, a better than 2.5 year high, from near 1.1875.

Click here to access the HotForex Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

Stuart Cowell

Senior Market Analyst

HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please read the full Risk Disclosure.

Risk Warning: Remember Forex and CFDs are leveraged products and can result in the loss of all invested capital. Please consider our Risk Disclosure.