Trump and Central Bankers Influencing Market Sentiment

The Jackson Hole Symposium will grab the spotlight today and investors should be prepared for developing news. President Trump’s threats about potentially shutting down the U.S government may have caused caution on Wall Street yesterday. The U.K will issue GDP numbers this morning.

Trump Dampens Investor Sentiment, Central Bank Leaders Meeting

President Trump put a damper on Wall Street investors on Wednesday when he threatened a government shutdown if his initiatives are not passed. After making strong gains on Tuesday, the three major Indexes were negative yesterday. New Home Sales data was weaker than estimated per its report on Wednesday. Investors will turn their attention today to the Jackson Hole Symposium which gets underway and will last into the weekend. Traders should be prepared for sudden movements in the broad markets as news develops via the economic summit which is being attended by the heads of the major central banks.

Hang Seng Powers Upwards, Inflation Data from Japan Tomorrow

The Hang Seng Index via Hong Kong has powered upwards again this morning, but Japanese equities have proven cautious and the Shanghai Shenzhen composite has also seen moderate selling. Consumer Price Index figures will come from Japan early on Friday and will influence the Yen which has been slightly stronger today against the U.S Dollar, and remains above the important 109.00 support juncture.

Brexit Dialogues Creating Headwinds, GDP Figures Coming from Britain

The Second Estimate Gross Domestic Product numbers will be released from the U.K this morning and will provide investors good insights regarding the British economy. Brexit dialogue continues to spill into trading sentiment and this has created headwinds for the Pound against the U.S Dollar. Manufacturing Purchasing Managers Index readings from Europe were positive yesterday including a solid outcome from Germany, but Service PMI figures were largely lackluster. European Central Bank President Mario Draghi spoke yesterday, but delivered no surprises, he will speak at the Jackson Hole summit tomorrow too.

Positive Trading in Gold, Tight Range but Volatility Lurks

Gold has once again put in positive trading and is near important resistance at 1295.00 U.S Dollars an ounce. The precious metal has produced a rather tight range the past week, but traders should be on the lookout for potential volatility today and tomorrow as the Jackson Hole summit takes place.

U.K. Growth Numbers, Weekly Jobs Data from States

Traders will react to the Second Estimate Gross Domestic Product results from the U.K which will be issued at 8:30 GMT.

8:30 AM GMT U.K., Second Estimate GDP

12:30 PM GMT U.S., Unemployment Claims

All Day U.S., Jackson Hole Symposium

Yaron Mazor is a senior analyst at SuperTraderTV.

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