US Futures

    Approaching Storm in U.S. Markets Emerging, US Futures Flat After Yesterday’s Sell-Off

    3 months agoByYaron Mazor

    U.S. traders will have more to be nervous about today as Hurricane Irma approaches. Wall Street declined yesterday. The Euro has been stronger this morning. The ECB will conduct their monthly Press Conference tomorrow.

    Hurricane Irma & Economic Impact, Growing Concerns for U.S. Investors

    U.S investors will enter today’s trading with growing concerns about short term volatility in the broad markets. Wall Street was taken lower yesterday across all three major Indexes. While a Non-Manufacturing Purchasing Managers Index reading will be published today, investors have their eyes firmly on the potential impact of Hurricane Irma, which is emerging from a massive storm and could have a huge economic impact.

    Nikkei Index Stays Negative, Risk Adverse Traders Active

    The Nikkei Index has turned in more declines. The Japanese exchange is down almost 3 percent the past month of trading. Inflation numbers via the Average Cash Earnings today, showed Japanese employees have not seen wage growth. The Yen has stayed strong against the U.S Dollar and is near crucial support as it trades above the 108.50 level. Risk adverse sentiment in Asia remains heightened because of tensions via the North Korean saga.

    Negative German Statistics, Euro Stronger in Early Trading

    German Factory Orders numbers this morning showed economic growth from the European Union is not guaranteed. A result of minus -0.7% likely rang an alarm bell via the German numbers, after Europe’s lackluster Services PMI data yesterday. The Euro, however, has been strong early, this as investors position themselves ahead of tomorrow’s European Central Bank Press Conference.

    Gold Edging Higher, Speculative Forces Gathered

    Gold remains at an interesting juncture. The precious metal is near important resistance of 1340.00 U.S Dollars an ounce. The commodity has edged higher the past few trading sessions, as a combination of risk adverse and speculative forces have gathered strength.

    U.S. & Canadian Trade Balance Data, Services Numbers from States

    U.S traders will look at the Trade Balance numbers which will be published at 12:30 GMT.

    12:30 PM GMT Canada, Trade Balance

    12:30 PM GMT U.S., Trade Balance

    14:00 PM GMT U.S., ISM Non-Manufacturing Index

    Yaron Mazor is a senior analyst at SuperTraderTV.

    SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

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