Market Calm: No Major Events Today
Today sees no major economic events on the agenda for both European and American sessions. The main focus will be Fed Chair Warsh’s speech at the Jackson Hole Symposium and a press conference by US Treasury Secretary Bessent concerning sanctions against Iran. Geopolitical tensions remain influential factors in financial markets.
Today, there are no significant economic events on the agenda for the European session. Markets may continue to consolidate or follow trends established by the Treasury's buyback program. The main focus of the week will be Fed Chair Warsh’s speech at the Jackson Hole Symposium scheduled for Friday. In the American session, the only notable event is a press conference by US Treasury Secretary Bessent at 2 PM ET where he plans to unveil the 'toughest' sanctions against Iran. While much of it is already priced in given its telegraphed nature, geopolitical tensions continue to be influential factors in financial markets.
Source: ForexLive (InvestingLive)