Trump Developments Giving Traders a Reason to Hesitate

The Gold market has become volatile in the past few hours. As investors position themselves ahead of the Federal Reserve’s Monetary Policy Statement tomorrow, fast market conditions may develop in forex, equities and commodities.

White House Not Helping Investors, Big Data and Big Risks Ahead This Week

The political turmoil in Washington has yet to create turbulence on Wall Street, but investors have likely had their risk appetite curtailed in the short term because of the daily flow of cumbersome developments regarding President Trump. The U.S will see a Consumer Sentiment report today, and tomorrow the Federal Reserve’s Monetary Policy Statement will be published. Investors have plenty of data and risk events ahead in the U.S to contemplate. Yesterday’s Existing Home Sales numbers came in below expectations.

Asian Traders Stay Nervous, Yen Range Trading Against U.S. Dollar

Asian traders have shown signs of nervousness. Most major Indexes lost value today, except for the Hang Seng which turned in limited gains. The Yen has traded in range against the U.S Dollar as investors anticipate volatile trading conditions Wednesday. Inflation data will come from Japan tomorrow via a Services Price Index, and on Friday important Core Consumer Price Index numbers will be published from Tokyo.

Solid German Data This Morning, European Equities Gain Early

A Business Climate report from Germany came in above expectations. European equities have been positive early today. The Euro however has stayed within a consolidate mode against the U.S Dollar. The U.K will release important Gross Domestic Product numbers tomorrow. The Pound has also seen a steady range above the 1.30 level against the U.S Dollar. Both the Euro and Pound can be expected to become volatile within the next day and a half.

Gold Traders Need to Remain Alert, Speculative Positioning Before Fed

Gold has seen abrupt selling in the past few hours. The 1250.00 U.S Dollars support level is now in focus. The precious metal is likely to remain a fast market today and tomorrow as speculators position themselves ahead of the U.S Federal Reserve’s pronouncements. Gold traders need to remain alert.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.