Jonathan and Rory discuss their thoughts on current Dollar Strength ahead of Jackson hole. Plus Fed chair, Jerome Powell due to speak on Thursday.
The economic calendar is due to be light until then but with some shockwaves from recent events, there could still be some volatility left in markets.
Rory discusses his thoughts on the dollar and how he sees 104.50 being the upper bound for now until more supportive data allows for price to continue. This is while EURUSD continues in the downtrend.
Jonathan shares his ideas with GBPUSD and the sideways action that’s been happening. For very short term intra day traders there has been strong support and resistance trading zone he says but for longer term directional traders, the volatility is non existent.
Jonathan and Rory both agree that while on Monday morning, European equities were driven higher by German PPI data, the strong sentiment in markets is what will continue to drive European risk assets lower for the time being.