Mario Draghi Will Move the Markets Today, Euro in Focus

The ECB will conduct its monthly Press Conference today and give investors insights about the economic outlook for the European Union. The Euro will certainly see fast trading conditions. Wall Street produced losses on Wednesday.

European Central Bank Guidance Awaited, Euro Turns Higher

Investors are set for European Central Bank President Draghi’s Press conference today. The ECB will almost certainly not raise their interest rate, but it is Draghi’s outlook regarding monetary tapering by the central bank which will move the Euro. The currency is above the 1.18 level as speculative forces have driven it higher against the U.S Dollar. If the ECB President surprises investors with his forward guidance statement, the Euro will become dynamic in trading.

Wall Street Produces a Losing Day, Solid Data from Durable Goods

Yesterday proved Wall Street does not move in one direction. The Dow Jones Industrials and other major Indexes produced losses as investors became cautious via lackluster quarterly earnings. However, the Core Durable Goods Orders statistics did show improvement, and today weekly Unemployment Claims will be released.

Inflation Data Beats Estimate in Japan, Tentative Trading in Asian Equities

The Nikkei has put in tentative movement early today. Yesterday’s sudden reversal downwards near the end of the trading day produced slight losses. The Yen has been moderately stronger against the U.S Dollar and is near 113.50. Inflation results from Japan came in higher than expected today via the Services Producer Price Index, and more inflation data will come tomorrow.

Gold’s Abrupt Trading at Short Term Highs, Fast Paced Environment

Gold has produced abrupt trading as it has banged around short-term highs the past twelve hours. The precious metal gains have situated it near 1280.00 U.S Dollars an ounce. Gold will stay a fast paced as the knock on effects is felt because of volatility in forex.

Draghi at Center Stage, Weekly Jobs Data from States

The European Central Bank’s Press Conference will begin approximately 12:30 GMT and will be watched by global investors.

• 12:30 PM GMT E.U., ECB Press Conference
• 12:30 PM GMT U.S., Unemployment Claims
• 14:00 PM GMT U.S., Pending Home Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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