Broad Markets Remain Fragile and Shaky, BoE Rate Decision in Focus

The Bank of England will issue too important reports today, via Inflation and its Monetary Policy Summary. The U.S Dollar remains strong in forex.

Investor Sentiment Fragile as Equities Struggle, Shutdown Averted in the U.S

Wall Street finished with declines on Wednesday. After opening with stark losses to begin the day, equities on the three major Indexes proved capable of putting up a fight. However, losses on the NASDAQ were still strong. The U.S will be light on data except for weekly jobs claims. The U.S government appears that it will avert a shutdown before going into the weekend. And in Asia, equities have produced gains this morning, except for the Shanghai Shenzhen composite. Chinese Trade Balance figures came in below expectations this morning. Global investor sentiment remains fragile and equities are the barometer.

Investors Grapple with Aggressive Fed, Pound Remains Vulnerable

The Bank of England will be in the spotlight early this afternoon when it presents its inflation outlook and monetary policy summary. The Pound has lost value to the strong U.S Dollar over the past week. The Pound is below the 1.39 level and remains vulnerable. The Euro has not sustained its higher values either against the U.S Dollar. Traders continue to grapple with the notion the U.S Federal Reserve remains aggressive, while other global central banks express dovish behavior.

Gold and Crude Oil Slammed Lower, Reaction to Broad Market Volatility

Gold and Crude Oil have been slammed lower. After producing a rather tranquil trading as the broad markets went on a roller coaster ride, both commodities finally gave into pressure yesterday and broke through key support. Speculators in Gold and U.S Crude Oil may look at the commodities as an opportunity for reversals, but need to practice risk management.

Inflation and Monetary Policy from U.K, Weekly Jobs Numbers from U.S

The Bank of England’s Inflation Report at 12:30 GMT will be of interest for many traders.

• 12:00 PM GMT, U.K, BoE Inflation Report
• 12:00 PM GMT U.K, Monetary Policy Summary
• 13:30 PM GMT, U.S, Unemployment Claims

Yaron Mazor is a senior analyst at SuperTraderTV.

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