North Korea, Hurricane Irma, and the ECB Causing Worries for Global Investors

North Korea, Hurricane Irma, and the European Central Bank are all considerations for global traders this morning. Gold is near highs and the U.S Dollar has weakened. Wall Street was sold heavily on Tuesday as investors have shown nervous sentiment.

Hurricane Irma a Concern, U.S. Investors Proving Nervous

U.S investors have an additional worry developing. Hurricane Irma appears to be heading for the States in the next few days. Wall Street put in steep losses on Tuesday and will open cautiously again today. Dovish comments yesterday by Federal Reserve members at a variety of conferences has created an additional weakness for the U.S Dollar. Today a Non-Manufacturing Purchasing Managers Index reading will be released. Tomorrow’s Crude Oil Inventories report will prove interesting. Nervous sentiment in the broad markets will be tested again today.

Asian Equities Slide, Poor Inflation Results from Japan

Asian equities have slid downwards this morning. Concerns about geopolitics remain regarding North Korea, but economic data from the region has been uninspiring. Average Cash Earnings numbers from Japan faltered with a negative outcome and Australian growth results were lackluster. The Yen has gotten stronger again and is near 108.60 against the U.S Dollar.

ECB Press Conference Tomorrow, Theresa May Under Fire

German Factory Orders have already been released this morning, but investors are likely focused on tomorrow’s European Central Bank meeting results which are sure to impact the Euro. The E.U and the U.K produced lackluster Services PMI data on Tuesday. European equities proved cautious yesterday as the Footsie led losers. Brexit concerns continue to mount and Prime Minister Theresa May is coming under intense scrutiny.

Nervous Investors Adding Gold, Display of Momentum Evident

Gold continues to display nervousness which exists among global investors as it adds value. The precious metal is near 1345.00 U.S Dollars an ounce. Gold is near important resistance levels but has shown the ability to keep its upward momentum the past two months.

U.S. Services Data Today, Fed’s Economic Analysis

U.S investors will look at the Non-Manufacturing Purchasing Managers Index which will be published at 14:00 GMT.

12:30 PM GMT Canada, Trade Balance

14:00 PM GMT U.S., ISM Non-Manufacturing PMI

18:00 PM GMT U.S., Federal Reserve’s Beige Book

Yaron Mazor is a senior analyst at SuperTraderTV.

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