Yes folks, the waiting is almost over 25 Aug
Well not quite yet, we have a few hours to go but hey it's a lot closer than when the hype first started.
See our previous posts for more timings and previews here and here.
I am going to say it's over-stated/anticipated and we'll get little of note. If anything Yellen might be the more likely of the two to make an impact given it's her last time speaking at the event before she steps down. ECB sources have already played down the chances of Draghi making any major policy change comments.
As always though we'll never say never, and we'll trade the fact as it emerges.
Pick your levels to buy and/or sell prior and wait for the opportunities should they arise.
In the meantime we're seeing some USD supply as USDJPY drifts back to 109.57, GBPUSD posts session highs of 1.2831 and EURUSD claws its way back above 1.1800 after holding 1.1770-75 support/demand earlier.
GBPUSD has decent offers/res at 1.2835 and 1.2850. EURUSD good sell interest around 1.1820-25.
AUDUSD and NZDUSD also rallying well but the former has failed at 0.7920 offers/res so far. Currently 0.7914 and 0.7222
The raid could well be a false alarm at Jackson Hole
