A Week in the Market: Fed Chair’s Speech and the Jackson Hole Symposium (21-25 August)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/08/21.08.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Fed Chair’s Speech and the Jackson Hole Symposium (21-25 August)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p>A week is expected to be relatively quiet in terms of macroeconomic statistics with the main events including a speech by the Fed chair, the symposium in Jackson Hole, and the release of data on the Consumer Confidence Index in the EU.</p>

<h2>USD: strengthening its position</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg" alt="USD: strengthening its position" class="wp-image-6435" srcset="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Jerome Powell is likely to address the price aspect in his speech. The USD&rsquo;s position in the currency market looks strong and has the potential to strengthen further.</p>

<h2>EUR: no change</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg" alt="EUR: no change" class="wp-image-11306" srcset="https://blog.roboforex.com/wp-content/uploads/2022/01/EURO.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2022/01/EURO-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Eurozone is to release preliminary statistics on the services and manufacturing PMIs. It is worth paying attention to the Consumer Confidence Index in the region. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate remains in a weakened position and will continue to do so without positive developments to support it.</p>

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<h2>China: awaiting stimulus</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-1200×627.jpg" alt="China: awaiting stimulus" class="wp-image-1621" srcset="https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/10/china-gdp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Investors are primarily concerned with potential additional stimulus, but there is no new information about this. Positive <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> from China could lead risk-associated assets to recover their positions.</p>

<h2>Jackson Hole: uneventful</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/06/audusd-1.jpg" alt="Jackson Hole: uneventful" class="wp-image-8755" srcset="https://blog.roboforex.com/wp-content/uploads/2021/06/audusd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/06/audusd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/06/audusd-1-768×401.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2021/06/audusd-1-150×78.jpg 150w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Every year, the most prominent figures in the financial world gather in Jackson Hole. The speeches are typically delivered in a formal tone. In the absence of significant news, investor focus will centre on this event.</p>

<h2>JPY: prices in focus</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-1200×627.jpg" alt="JPY: prices in focus" class="wp-image-4431" srcset="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Japan will release information about core prices in Tokyo, one of the most significant leading <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a>. The more robust the figures, the better it is for the <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>.</p>

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