European markets were downtrending, reflecting the behavior of the US market, as well as renewed fears about tensions between the US and Korea, with the news that the US and South Korea Start their annual military exercises today, which are expected to last for 10 days between 21 and 31 August and will be a test of North Korea’s behavior. Although planned for some time now, these exercises come at a delicate time, after several weeks of an exchange of war rhetoric between Washington and Pyongyang that drew the worst fears, although last week tensions have subsided with statements by Kim Jong that said Which for now would contain his plans. Expectations are mostly concentrated at the Jackson Hole Conference at the end of the week.
These days, the environment in the global stock markets is marked by an expectation of the Annual Central Bank Conference to be held in Jackson Hole later this week, although most analysts are not expecting Janet Yellen and Mario Draghi , Presidents of the FED and the ECB, to bring to the market great news about the conduct of their monetary policies.
In the global markets, there is a lack of interesting ideas and today, against the backdrop of the relative August calm in the financial markets, ECB President Mario Draghi will deliver a speech. The speech and comments of the head of the ECB will undoubtedly have an impact on the market, and in view of the fact that many participants of the financial market traditionally are on holiday during August, we can expect a price surge in volatility during the speech. Most likely in the speech of ECB President Mario Draghi there will be no unexpected statements that can provoke significant price movements in the markets, but you should be cautious not to overload your positions with excessive margins, remembering that liquidity in the market in August is not at its highest level. Of course, hints that the ECB is not going to reduce liquidity will support the demand for risky assets in the short term. But in this case we should not expect a rapid growth in the stock markets. Current prices for risky assets already include such statements. Meanwhile, China managed to stop the falling impulse of slowing down in the economy, by pumping liquidity into the financial markets. Along with this, China's largest state banks are actively supporting large infrastructure projects, which in turn makes it possible to compensate for the outflow of private capital. Such macroeconomic events push up indices of industrial metals, which are near their highs over the past few years. In general, before the economic symposium in Jackson Hole, which will take place at the end of the week, the markets will consolidate near current levels. The time for revision of existing positions and entry into new ones, most likely, is after the announcement of the results of the symposium.
In a speech delivered yesterday in Lindau, Germany, Mario Draghi gave no indication of the next steps in terms of monetary policy, only emphasizing that the recent financial crisis forced economists to readjust the existing economic models.
The monetary policy outlook on both sides of the Atlantic is now focused on the gradual removal of the ECB’s current expansionary measures and on the normalization of the balance sheet by the FED, after the Central Bank has begun the cycle of rising interest rates.
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.
The US market ended higher on Friday. The day was marked by the Conference of Central Banks in Jackson Hole, but more specifically by the interventions of the Presidents of the FED, Janet Yellen, and the ECB, Mario Draghi. These speeches were long awaited, but neither offered any significant signal on the conduct of their respective monetary policies. Janet Yellen focused her speech on banking regulation and improvements in the US economy, while Mario Draghi focused more on his concern about protectionism.
North Korea's firing of a missile over Japan has had an immediate impact on the financial markets. Stocks reacted negatively, and the Dollar fell to a four-month low against the Yen, although it subsequently recovered. Investors opted for safe haven assets, such as Gold, US Treasuries and the Yen. The Gold price has peaked since November last year.
In the pre-opening, European markets were trading on positive ground, as investors followed the stance on Wall Street and Asian markets. Attentions seem to be shifting away from the aggravation of geopolitical tensions to other issues, with developments related to Brexit. Today is the third day of negotiations between the UK and the European Union. In the business field, to highlight the results of the French Carrefour, so the retail sector should attract attention.
คำเตือนความเสี่ยงสูง: การแลกเปลี่ยนเงินตราต่างประเทศมีความเสี่ยงสูง ซึ่งอาจไม่เหมาะสำหรับนักลงทุนทุกราย
เลเวอเรจสร้างการเผชิญกับความเสี่ยงและการขาดทุนเพิ่มเติม ก่อนที่คุณจะตัดสินใจเทรดการแลกเปลี่ยนเงินตราต่างประเทศ ให้พิจารณาวัตถุประสงค์การลงทุน ระดับประสบการณ์ และการยอมรับความเสี่ยงอย่างรอบคอบ
คุณอาจสูญเสียเงินลงทุนเริ่มต้นบางส่วนหรือทั้งหมด อย่าลงทุนเงินที่คุณไม่สามารถสูญเสียได้ Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
มีการให้ข้อมูลและข้อมูลใด ๆ 'ตามสภาพ' เพื่อวัตถุประสงค์ในการให้ข้อมูลเท่านั้น และไม่ได้มีวัตถุประสงค์เพื่อการเทรดหรือคำแนะนำ