U.S Treasury Secretary Mnuchin Hits Dollar, Focus Shifts to Draghi

Wall Street was mixed. Asian equities have been nervous this morning. The ECB will release its monetary policy statement today.

Mnuchin Roils U.S Dollar and Markets, Weekly Jobs Numbers Today

The Dow Jones Industrials proved turnaround is fair play yesterday as it put if slight gains, but the NASDAQ and S&P slipped downward with moderate losses. The results on Wednesday reversed Tuesday’s outcome on the three major Indexes. The U.S Dollar continues to be weak in forex and this has been fueled by comments from Treasury Secretary Steven Mnuchin who said a weaker U.S Dollar will be good for the U.S economy. The U.S will release weekly jobs numbers today and housing sector data will be brought forth.

Asian Investors Turn Anxious, Key Inflation Data from Japan Tomorrow

The Yen has become stronger and is near the 109.00 level against the U.S Dollar. Asian equities have declined this morning as investors have turned anxious regarding comments coming from U.S officials about the trade. However, the selloff in equities has not been violent. Key inflation data will come from Japan early on Friday.

ECB’s Mid-Term Outlook a Focal Point Today, European Equities Struggle

The Euro and Pound have seen their values climb in tandem versus the weaker U.S Dollar. The European Central Bank will release its Minimum Bid Rate today, but no change is expected. However, ECB President Mario Draghi will be listened to intently as he gives his outlook for the European Union’s outlook over the mid-term. European equities struggled on Wednesday in the wake of the stronger Euro and Pound.

Powerful and Bullish Trend in Gold, New Highs as Markets Become Fast

Gold powered by resistance on Wednesday and is near 1363.00 U.S Dollars an ounce in early trading this morning. The commodity has seen a flood of speculative action grow this week. Gold may attract bullish traders who believe its trend will continue.

Draghi and ECB Spotlight Bright, GDP Numbers from States Friday

The European Central Bank will get the attention of global investors when it holds its monthly Press Conference which begins at 13:30 GMT.

• 13:30 PM GMT, E.U, ECB Press Conference
• 13:30 PM GMT, U.S, Unemployment Claims
• 15:00 PM GMT, U.S, New Home Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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