Markets Quieter, Awaiting Yellen, Draghi Speeches Today In Jackson Hole

Jon Economy

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
(Kitco News) – Global stock markets were mostly firmer overnight and U. S. stock indexes are also pointed toward higher openings when the New York day session begins.
Gold prices are near steady in pre-U. S.-day-session trading. Gold bulls still have the near-term chart advantage amid an uptrend in place on the daily bar chart.
Many markets have been quieter most of this week, ahead of the highly anticipated annual world central bankers meeting in Jackson Hole, Wyoming, that began Thursday and ends Saturday. Featured speakers at the three-day event include Federal Reserve Chair Janet Yellen, who is scheduled to speak this morning at 10:00 a.m. EDT. European Central Bank President Mario Draghi is slated to speak this afternoon at 3:00 p.m. EDT.
Traders and investors will closely examine these Jackson Hole speeches and other central bankers’ remarks for any clues on future monetary policy moves by the world’s major central banks. There are ideas the central bankers will mention generally very low inflation worldwide, which could be extrapolated to mean keeping very accommodative monetary policies in place longer.

This post was published at Wall Street Examiner on August 25, 2017.