Orbex Market Insights – August 28

In this week’s market update, we take a look at the most important event that moved the markets at the end of last week.

Jackson Hole meetings finally moved the markets after a boring few days, led by some central bankers’ remarks, including the Chair Yellen and Mario Draghi, who both took a different approach.

We explain these remarks and explain the reasons behind the notable decline in USD and the late spike in EUR across the board right before the US session closing bell.

We also take a quick look at the weekly close of Gold which brings an interesting signal, not seen since November of last year. We analyse some of the upcoming economic releases this week, speculating the possible trends over the next few days and which the most important events to watch. 

Video length: 00:11:23