Today’s Key Market Drivers – 25th August 2017
The Pound got volatile for a few minutes on Thursday after 2nd quarter GDP figures met the market’s estimates but failed to give traders any real reason to sell off or rally the Pound in any great hurry. In reality currency traders in Hedge Funds and Investment Banks are waiting to hear from Janet Yellen the US Fed Chair and Mario Draghi the ECB’s President when both Central Bank leaders speak in Jackson Hole Wyoming today. Given the lack of volatility this week and the fact the speeches from both leaders aren’t going to share any “new news” I doubt traders are going to jump into large positions heading into the weekend and we will need to wait until next week for some new market moves.
Following is next week’s economic calendar, which you can see is packed full of high impacting news, which will be welcomed by all traders.
I am not one for wasting your time with financial entertainment and prefer to keep to the key market drivers and facts that are moving markets. It’s been a slow week and the first week in some time TIA has not placed any trades. That’s the life of a trader now and then.
Enjoy your weekend and we will see you again on Monday. Keep an eye out late this afternoon for my weekly video update.
About the Author: Andrew Barnett
Andrew is a professional trader and successful investor who has a strong focus on education. He is a regular Sky News Money Channel Guest and one of Australia’s most awarded and respected financial experts, and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar. Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account. Andrew, a regular key-note speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).
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