The real storm will arrive at 22:00 tonight
At 22:00 tonight, Federal Reserve Chairman Powell will deliver a speech at the Jackson Hole Global Central Bank Annual Meeting.
If a hawkish stance is presented: short-term currency prices will be under downward pressure, but are expected to stabilize and rise after risk is fully released, showing an overall pattern of 'first falling then rising'.
If a dovish stance is presented: expectations of easing will directly drive the market, likely continuing a fluctuating upward pattern, gradually pushing towards previous highs.
If a neutral stance is presented: in the short term, currency prices will maintain a range-bound consolidation, and after market sentiment is digested, a rebound from oversold conditions is expected to start next week.
Tonight, retail investors and newcomers should not act rashly!
The Jackson Hole meeting is a super big news event, and the market can easily swing sharply in both directions, with both longs and shorts exploding.
For those itching to gamble, remember to set a stop-loss; your safety comes first. Wait until the storm passes before taking action so you can survive to the next wave!
