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Jackson Hole 1The US dollar had been ralling ahead of Janet Yellen's speech on financial stability at Jackson Hole, 100 pips in USDJPY and EURUSD from lows on hoped of any little hawish tidbit.

Her speech brought nothing new and dramatic and the dolalr sold off immediatly.

Highlights From Janet Yellen at Jackson Hole

  • 'Substantial progress' has been made on twin Fed goals
  • Algorithmic traders are a larger presence in markets
  • Corporate bond market liquidity remains robust overall

Yellen Yen

Yellen Euro

Next up is Mario Draghi, will he put on his dovish wings as ecpected?

Trade Smart!

knovawave @knovawave

 

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