Equities under Fire as Traders React Nervously to Facebook Data Report, Eyes on Fed

Asian equities have struggled this morning. Inflation data will come from the U.K today via the Consumer Price Index.

NASDAQ Leads Slump in Equities, Facebook Implications Hurt Value

Global equity markets have declined. Wall Street took another step backward on Monday as the three major Indexes produced wicked selling. The NASDAQ led the slump and lost nearly 1.85 percent of value. The Dow Jones and S&P also found few buyers. Japan and other Asian markets have declined sharply this morning as risk adverse sentiment builds. It will be a light day of data from the U.S, but the U.K will publish plenty of inflation numbers and Germany will see a Business Sentiment reading. Facebook led the party of losers on Monday, as investors have grown concerned about reports implicating Facebook mishandled user data. European equities will be extremely cautious and face pressure today.

Pound & Euro Gain on Brexit Transition Deal, Yen Loses Some Value

Forex proved noteworthy on Monday. A transition deal between the U.K and E.U was announced regarding the Brexit. The Pound and Euro gained against the U.S Dollar upon the announcement. International politics continues to cause a storm on the broad markets. And tomorrow’s U.S Federal Reserve Monetary Policy Statement is being heavily anticipated. The Yen actually lost value against the U.S Dollar yesterday as investors may have come to the conclusion the Japanese currency has gotten too strong. Forex will definitely provide fireworks in the coming days and traders need to be braced.

Gold Gains Highlights its Recent Struggles, Buyers Remain Tentative

Gold found the ability to climb off lows on Monday. The precious metal is near 1316.00, highlighting its recent struggles as it remains near key support ratios. Resistance appears around the 1324.00 mark, but buyers have proven tentative the past two weeks and traders will need to monitor Gold intently.

U.K Inflation Data Coming, German Business Sentiment Reading

The U.K will see plenty of inflation data, and leading the way will be the Consumer Price Index reading at 9:30 GMT.

• All Day Argentina, G20 Meetings in Buenos Aires, 2^nd Day
• 9:30 AM GMT U.K, Consumer Price Index
• 10:00 AM GMT Germany, ZEW Economic Sentiment

Yaron Mazor is a senior analyst at SuperTraderTV.

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