It appears – judging from FX markets this evening – that consensus on Jackson Hole is Yellen was more hawkish and Draghi & Kuroda more dovish than expected. The USD index is pushing on towards one-year highs as EUR is down 50 pips (not helped by a dovish FT article on deflation fears) to 11-month lows, and USDJPY broke to as high as 104.45 (weakest JPY in 7 months). In addition to this action, the CME confirms all Futures products will have a delayed opening due to technical issues with NO estimated opening time.
CME’s only statement… on GCC site…
Per CME GCC communication system, “Globex 17:00 market open will be delayed.” cc: @RANsquawk
— Michael McKerr (@mmckerr) August 24, 2014
USDJPY at 7-month highs
EUR tumbling to 11-month lows…
Of course, there is no need for futures trading anymore since The Fed will merely extend its “communications” policy to announce the end of day print for the S&P 500 each morning going forward…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1lqLUWB Tyler Durden