Should investors be wary of volatility during the Jackson Hole Symposium?

Should investors be wary of volatility during the Jackson Hole Symposium?

26.08.2022

In the previous session, U.S. currencies traded in a tight range against European currencies as U.S. Treasury yields edged lower, with GBP/USD fluctuating within a range of 1.1784 to 1.1862. From a technical perspective, since GBP/USD has been gradually forming higher lows on the 4-hour chart, we need to carefully assess whether it will break above the recent high of 1.1877 with a solid candle during European trading hours.

European currencies initially strengthened following yesterday’s release of the ECB meeting minutes, but subsequently fell against the pound, with the EUR/GBP pair dropping approximately 40 pips from 0.8461 to 0.84823. The EUR/GBP pair is currently trading within a very narrow range, exhibiting a range-bound market with no discernible pattern in how it hits new highs or lows; therefore, it would be prudent to wait until a clear trend emerges before determining the direction of the market.

Today, the German GfK Consumer Confidence Survey is scheduled for 3:00 PM Asia time, followed by the French Consumer Confidence Index at 3:45 PM. During U.S. trading hours, U.S. Personal Income, U.S. Personal Spending, the U.S. PCE Deflator, the U.S. Core PCE Deflator, and U.S. Wholesale Inventories are set to be released at 9:30 PM,and at 11:00 PM (U.S. time), the University of Michigan Consumer Sentiment Index (final reading) and remarks by Federal Reserve Chair Powell are scheduled. With the market currently in a summer lull, we will carefully monitor whether key speeches during U.S. trading hours will bring about any changes.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?