Investors Stay Timid as Data and Yields Impact

The Federal Reserve will release its Monetary Policy Statement on Wednesday. U.S 10-Year Treasuries remain an important lynchpin in the broad markets.

Cautious Trading in Europe Early, Wall Street Expected to Produce Gains

Equities via the Kospi Index in Seoul were positive today. The solid trading came on the heels of the cautiously optimistic results from the summit between South Korea and North Korea. China and Japan are closed because of holidays today, but Chinese Manufacturing and Services data was released and did come in better than expected. German Retail Sales produced a negative result this morning, which extends Germany’s recent lackluster economic results. European equities have been rather tentative early. Wall Street is expected to open with slight gains in a few hours, but before going into the weekend the three major Indexes struggled. It is a big week of data from the U.S – and investors have plenty of long-term considerations to contemplate.

Pound Under Intense Pressure, 10-Year Treasuries a Lynchpin in Markets

The Pound remains under intense pressure this morning as it flails near important mid-term support. Weak Gross Domestic Product results from the U.K on Friday spurred the British currency downward. The strength of the U.S Dollar remains noteworthy. And the Federal Reserve will release its Monetary Policy Statement this Wednesday. The U.S bond market will get attention this week and the 10-Year Treasury yield remains a lynchpin for forex and the broad market. Trading volumes in forex tomorrow will be very light because of the Labor Day holiday in many nations, and this could cause some disruptive results today as investment firms position themselves.

Slippery Slope for Gold this Morning, Gold Slides towards Critical Support

Gold has continued on its slippery slope the past few hours, as it has fallen to 1317.00 U.S Dollars an ounce. The precious metal remains under a selling cloud and it is once again near critical support levels. Short-term speculators may believe Gold’s slide will continue short term.

Chicago Fed’s Manufacturing Report, U.S Consumer Spending Data

The Chicago’s Fed Purchasing Managers Index report will be issued at 13:45 GMT and may provide insight for investors.

• 12:30 PM GMT, U.S, Personal Spending
• 13:45 PM GMT, U.S, Chicago Purchasing Managers Index
• 14:00 PM GMT, U.S, Pending Home Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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