Nervous Sentiment on Wall Street Increases, Precious Metal Slump Continues

The bond market in the States is causing nervous sentiment among equity investors. The Euro and Pound are near important long-term support ratios.

U.S Stocks taking it on the Chin, Economic Data from States Remains Solid

European Indexes have begun the day under pressure, even as the Euro and Pound continue to lose value against the U.S Dollar. Asian equities declined today. The Hang Seng lost over one percent of value, while a moderate amount of value on the Nikkei and Topix Indexes were lost. All Industries Activities data from Japan came in below expectations, but the reason equities in Europe and Asia are slumping is because of the cloud hovering over Wall Street. As U.S economic data improves, including the Consumer Confidence reading, along with the New Home Sales figures on Tuesday – bond traders are growing more aggressive based. Yields on the 10-Year U.S Treasury Bonds are now above three percent, meaning money is leaving Wall Street for the Bond market. Until an equilibrium is found, nervous sentiment will remain for equities.

U.S Dollar Bulls its way Forward, ECB Meeting will be Overshadowed Quickly

The U.S Dollar has bulled its way forward again this morning. The Euro and Pound are propped up against important long-term support ratios and remain under pressure. The European Central Bank meeting is tomorrow, but no policy change is expected. It is the Gross Domestic Product outcome on Friday from the States which will serve as the final lynchpin for the impact this week. And a solid growth result from the States could spark further U.S Dollar strength. Forex traders must practice their risk management wisely, particularly if they are inclined to look for reversals under the current market conditions.

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Gold Falls this Morning Sharply, Precious Metal Slump Continues

Gold has fallen the past few hours as the U.S Dollar has resumed its strength. The precious metal is near 1324.00 U.S Dollars an ounce, and speculators are likely eyeing support below around the 1316.00 Dollar mark. Gold has lost ground since last week and it is now testing important mid-term values.

Leading Index Figures for China, Supply Data from Crude Oil Sector Today

Crude Oil traders will be interested in the U.S Inventories data for the sector when it is released at 14:30 GMT.

• 13:00 PM GMT, China, CB Leading Index
• 14:30 PM GMT, U.S, Crude Oil Inventories

Yaron Mazor is a senior analyst at SuperTraderTV.

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