-
Markets lose direction ahead of Jackson Hole
The past few days have shown the markets lose a little direction as traders look ahead to Janet Yellen’s speech at Jackson Hole. Her speech could be set to define how the Fed could move on monetary policy in the months ahead. Subsequently there is a lack of willingness to take a view reflects the uncertainty of what Yellen could come up with. Major markets across forex and commodities have become especially plateaued with Dollar/Yen and Gold especially lacking impetus. However, interestingly, US 2 year Treasury yields (which are likely to be very sensitive to Yellen’s speech) have started to push higher again and ... (full story)