Global Stocks Fall as Focus Shifts to G20 and Federal Reserve Meeting

Scandal Surrounding Japans Prime Minister, G20 Could Provide Fireworks

The Nikkei and Topix Indexes suffered further declines today as a growing political scandal is causing investor angst in Japan. The Yen has remained strong versus the U.S Dollar and is near the 106.00 juncture. European exchanges have started with losses, and Wall Street is expected to open with downside action via calls on the Futures Markets. Economic data will be very light today, but risk events surrounding the G20 meetings, the growing political turmoil in Japan, and the hijinks from the Trump White House could all stir investors sentiment today and tomorrow.

Fed Being Anticipated in Forex, Inflation Data from U.K Tomorrow

The U.S Dollar has been relatively strong versus the Euro and Pound the past week. The Federal Reserve will release its interest rate decision on Wednesday and a hike of a quarter of a point is widely anticipated. However, the Yen has not been moving in sync and continues to exhibit strength in the midst of the Japanese scandal surrounding the Prime Minister. Tomorrow key Consumer Price Index data will come from the U.K and on Thursday the Bank of England will issue its Monetary Policy Summary report.

Gold’s Struggle Mount, Bearish Trend in Precious Metal Lingers

Gold’s struggles have mounted this morning as it trades near 1311.00 U.S Dollars an ounce. The strength of the U.S Dollar has caused a rather bearish trend for the precious metal the past week. Gold has important support below around 1303.00 Dollars which speculators should bear in mind.

Fed Member Raphael Bostic Speaking in Miami, Trade Issues at G20

The first day of the G20 meetings are getting underway in Argentina and will impact investor sentiment as governments talk about trade and other economic issues.

• All Day Argentina, G20 Meetings First Day in Buenos Aires
• 13:40 PM GMT U.S, Federal Reserve Member Bostic Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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