Company News – Fed Chair’s Statement: Open EUR/USD Positions

Fed Chair's Statement: Open EUR/USD PositionsDear traders,

On August 25th at 3 p.m. GMT speech of Fed Chair Janet Yellen will take place on Jackson Hole Symposium, which is an annual economic policy symposium for central bankers, policy experts and academics.

Fed Chair's speech may have a great impact on currency market.

We asked the leading analyst of our company Catherine Main to comment on the expectations related to this speech:

“This Friday economic policy symposium in Jackson Hole starts, where Janet Yellen may actually name the date when Fed will start shrinking its balance sheet. On Friday traders may consider going short on EUR/USD, GBP/USD.”

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Fed Chair's Statement: Open EUR/USD Positions