Chief Client Relationships Officer Responsible for the relationship with all our organization’s customers. I oversee the Customer Support and Customer Relationship Departments.

Top 5 Things to Know Before You Start Trading

1. There is a lack of data out today, however this week will feature important events including Euro Area PMI’s as well as the Jackson Hole Symposium which is hosted by the FED from Thursday to Saturday. Key speakers will include ECB President Mario Draghi. Markets will likely remain calm though this week, unless there is some announcement from US President Trump.

2. EURUSD is under pressure today, extending its biggest weekly decline since 2 months as markets are embracing for Draghi’s speech this week. It fell 0.17 percent to $1.1740 against the U.S. dollar, after weakening 0.5 percent last week, its biggest weekly decline since June 9. It rose more than 11% this year, making it the most valuable currency to have purchased this year.

3. The dollar was lower against the yen, with USD/JPY last at 108.99, after touching a four-month trough of 108.59 on Friday. Sterling edged lower against the dollar, with GBP/USD inching down to 1.2864. The euro posted its third consecutive weekly gain against sterling last week amid growing expectations that the Bank of England will keep interest rates on hold in the coming months amid concerns over the economic fallout from Brexit.

4. Gold prices are little changed so far after briefly hitting $1300 an ounce on Friday, on reports that senior White house advisor Steven Bannon was leaving his post. Gold has been benefiting from the turmoil caused by North Korea as well as Trump’s volatile presidency.

5. US and South Korea have kicked off the join annual military exercise today. North Korea warned that the drills would worsen the tensions by “throwing fuel on fire”. But markets have little reaction to the news so far. Yen is trading mildly higher, possibly because of that, but strength is limited.

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