Markets Await Yellen's Speech

The financial markets are currently in a stressful situation as we are about to witness the most important event for the month - US Fed Chair Janet Yellen Speaks To Economic Club of New York. Chair Yellen has a lot to talk about as traders and investors worry over the dovish tone used in previous press conferences.

If she decides to follow script, we will hear that a rate hike is probable next month. A hawkish tone is what would make the dollar surge and Gold succumb to $1,200. The relatively stronger US growth is indicative that a rate hike remains on the deck. Speech is in less than a couple of hours so if you would like to save yourself the tension and volatility caused by the event it would be best to get out of the market until waters are calm again.