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Yaron Mazor
US Futures

Two major risk events loom for investors. President Donald Trump speaks tomorrow in front of the United Nations. On Wednesday, the Federal Reserve will release its Monetary Policy. Wall Street put in gains before going into the weekend but could prove cautious early.

Trump & Fed Coming Soon, Investors Could Be Cautious Early

Housing sector data will start coming from the States today, but investors are likely getting primed for two major risk events. President Trump will speak at the United Nations tomorrow, and on Wednesday the Federal Reserve will release their Monetary Policy Statement. Wall Street has continued to see buying, but traders may prove cautious early this week.

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Asian Markets Stay Bullish, China Property Market Slows

Asian equity markets remained bullish upon opening today. Chinese housing statistics showed a slowdown in the property market, but this did not stop the Shanghai Shenzhen Index from putting in a solid gain. Japan is on a banking holiday today, but the Yen has traded weaker and is above the 111.00 mark against the U.S Dollar.

Carney Speaking to IMF, German Economic Sentiment Tomorrow

Bank of England Governor Mark Carney will speak in Washington D.C today at an International Monetary Fund meeting. Carney’s comments last week sparked the Pound to new highs. However, investors will stay attentive for additional surprises which are possible from the Bank of England leader. The Pound remains slightly under the 1.36 level against the U.S Dollar. Tomorrow German Economic Sentiment data will be released.

Gold Testing Crucial Support, Sentiment Weighed as Selling Continues

Gold has fallen in early trading and is testing important support. The precious metal is near 1316.00 U.S Dollars. It appears the 1310.00 juncture will prove crucial in the short-term as speculators weigh their sentiment.

U.S. Housing Sector Data Begins, Securities Investment Numbers

The Long-Term Purchases data via the U.S Treasury Department will be released at 20:00 GMT for investors to examine.

  • 2:00 PM GMT U.S., NAHB Housing Market Index
  • 15:00 PM GMT U.S., BoE Governor Carney Speaking
  • 20:00 PM GMT U.S., TIC Long-Term Purchases

Yaron Mazor is a senior analyst at SuperTraderTV.

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