FX market volatility is back

21.08.2017 / 11:25

Rating:

J.P. The Morgan Global FX Volatility Index shows that the Forex market volatility is gradually rising. Investors and managers return from their holidays and market volumes are recovering. This implies new sharper movements in the foreign exchange market.

The likelihood of larger volumes and movements is mounting, as expectations for central bank meetings next month begin to accumulate. We can look for suitable levels for new euro purchases after corrections and short and medium term long positions at JPY due to the increasing uncertainty in the Trump administration, the terrorist attacks in Spain and Finland and the geopolitical risks in North Korea.

This week, 21-25 August, we will pay the most attention to:

The Jackson Hole Symposium, which begins on Thursday, August 24, 2017, where there will be statements by central bank presidents.

US, Mexico and Canadian representatives will meet to negotiate the NAFTA terms.

Inaugural speech by Mario Draghi on 23.08.2017 at a meeting of the ECB in Lindau Germany.

New Home Sales and Pending Home sales from US on August 24 and 25.

Data from Germany about ZEW economic sentiment on 22.08 and GDP on 25.08.

UK GDP data on 24.08.

Trader Nikolay Georgiev

Varchev Traders

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FX market volatility is back

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