Weekly Market Review – August 29 – September 2 2016 NFP will be this week’s most influential market-moving event Forex EUR/USD, Daily The whole of last week traders were eagerly awaiting for the Jackson Hole Summit and for Janet Yellen’s speech in particular. She mentioned that the US economy is recovering strongly and there could be a rate hike sooner rather than later.. This week there will be a number of important reports emanating from Germany and the Eurozone CPI, along with manufacturing PMI in China. At the same time, this week’s main event is the NFP report. Stock Market USA S&P500, Daily Major US stocks spent last week caught in a downward trend. Investors didn’t want to risk much before the Jackson Hole meeting. Faced with disappointing growth after years of ultra-low interest rates, Federal Reserve Chair Janet Yellen and her peers re-affirmed their belief in power of monetary policy to stop economies from slipping into deflation. This week will feature a number of important economic statistics from China and data on US labor market including Friday’s highly anticipated NFP report. Europe FTSE, Daily Traders were disappointed with a number of central banks in the region. Oil trended negatively, providing additional pressure on the European stock markets. This week a slew of important data will be coming out of the Eurozone, including that on inflation and data on the German labor market. Commodities GOLD, Daily Gold fell somewhat last week as Kansas City Federal Reserve President, Esther George said that interest rates should go higher, but gradually. Meanwhile, the information that was received caused a sell-off of the precious metal. This week trading will be influenced by the upcoming NFP report, scheduled for Friday, 12:30 GMT.