The Anticipated Jackson Hole Summit is Ready to Begin, US Futures Slightly Higher

The Jackson Hole Symposium will grab the spotlight today and tomorrow for investors. Broad markets, including equities and forex are certain to become volatile on developing news and rhetoric from the gathered central bankers.

Yellen and Draghi Together, Broad Markets Ready to React

The much-anticipated Jackson Hole Symposium will get underway and be attended by the key executives from the global central banks. Janet Yellen and Mario Draghi will make speeches and the event is certain to get the attention of worldwide investors. Wall Street turned cautious yesterday, which effectively put the brakes on a solid day of gains made on Tuesday. New Home Sales proved disappointing yesterday. Weekly Unemployment Claims will be released today. Investors who have been in a summer slumber will pay attention to the Jackson Hole rhetoric carefully over the next few days.

Yen Stronger as Caution Mounts, Hang Seng Still Producing Gains

Asian investors proved to be largely tentative this morning. The Nikkei and Topix Indexes put in moderate declines, along with the Shanghai Shenzhen composite. The Hang Seng did gain and has now crept above a 3 percent gain the past month. The Yen has gotten stronger on risk adverse sentiment in Japan. Inflation data will come from Japan early on Friday.

Inflation Concerns Expressed by ECB, Euro Testing Important Resistance

European Indexes opened today’s trading in positive territory, but remain tranquil with investors largely standing on the sidelines as bantering from Jackson Hole is awaited from in the States. European Central Bank President Mario Draghi spoke yesterday and hinted that a lack of inflation remains a problem. Draghi is scheduled to speak again tomorrow and his comments are certain to impact the Euro, which has gained against the U.S Dollar in the past day and is testing important resistance around the 1.18 juncture.

Crude Oil Embracing Speculators, Volatile Range after Supply Numbers

Crude Oil remained volatile, but within a consolidated range on Wednesday. As supply numbers from the U.S met their expectations, downward pressure ensued for Crude Oil, but later in the day speculative elements proved buying power remains and pulled the commodity above 48.00 U.S Dollars a barrel level again.

Weekly Jobs Data from States, Housing Sector Numbers

U.S investors will look at the Existing Homes Sales figures at 14:00 GMT, after yesterday’s poor showing via New Homes data.

12:30 PM GMT U.S., Unemployment Claims

14:00 PM GMT U.S., Existing Home Sales

All Day U.S., Jackson Hole Symposium Economic Summit

Yaron Mazor is a senior analyst at SuperTraderTV.

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