Investors Have a Potentially Volatile Week Ahead as Harvey’s Impact Still Unknown

Traders have a very busy week ahead as reports from the Texas storm abound and important data will come from the States. Equities, forex, and commodities could all be volatile in the days to come.

Volatility Potential High this Week, Tropical Storm Harvey Not Quantified Yet

What is traditionally a quiet week of trading before the Labor Day holiday starts in the U.S next week will not be tranquil. In fact, trading could turn volatile. The effects from Tropical Storm Harvey have not been quantified yet and will influence Wall Street and the energy sector. And a huge amount of important data will come starting tomorrow and last up until the Non-Farm Employment Change is posted on Friday. The U.S Dollar is trading under pressure as result of the Jackson Hole Symposium and investors who showed caution before going into the weekend, certainly, have reasons to be nervous as the broad markets in the U.S open today.

Shanghai Shenzhen Makes Strong Move, Yen Traversing Near Support

While the Shanghai Shenzhen put in strong gains today, other Asian Indexes turned in cautious and mixed outcomes. The Yen continues to traverse near important support of 109.00 against the U.S Dollar. The Bank of Japan’s Core Consumer Price Index data will be released early on Tuesday. Later this week, the Caixin Manufacturing Purchasing Managers Index will be published in China.

Draghi Causes Investors to ReactMoney Supply Number from E.U. Miss Target

The Euro gained in spectacular fashion late on Friday as forex became volatile on the heels of European Central Bank President Mario Draghi speech. Draghi did not talk about the strength of the European currency, which has led some investors to believe the ECB may be considering changes to its monetary policy in the mid-term. Money Supply and Private Loan data from the European Union, however, was weaker this morning than anticipated. The U.K is on holiday today.

Speculative Attention for Crude Oil, Traders wait for Damage Reports

Crude Oil and the entire energy sector from the U.S will be under vast examination early this week as reports from Texas continue to emerge regarding supply and infrastructure damage. Crude Oil is trading below 48.00 U.S Dollars a barrel but is likely to get plenty of speculative attention.

Export and Import Data from States, U.S. Inventory Totals

Traders will pay attention to the Preliminary Wholesale Inventories results upon their publication at 12:30 GMT.

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

12:30 PM GMT U.S., Prelim Wholesale Inventories

Yaron Mazor is a senior analyst at SuperTraderTV.

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