Gold Sell Off Accelerates: Monday's Market Forecast

Posted by TopstepTrader on September 18, 2017

All eyes are on Gold (GCZ7) this morning after falling $10 per ounce - or roughly 0.5% - to $1315. Equity futures (ESZ7) are up slightly,  while Crude Oil (CLX7) is down 0.4%.

All-in-all, it seems like markets are gearing up for the two-day FOMC meeting this week. The Fed decision will come out at 1 PM CT on Wednesday - so things could be quiet with low volume in the run up to that. Markets are not expecting any increase in rates; however, everyone will be paying attention to where the Fed sees rates moving in the future. The decision is likely to impact the US Dollar and Treasury Bonds most, but reverberations will be felt elsewhere in markets. 

For today, John Hoagland gives you the levels that matter in today's market forecast. Take a watch and let us know what you think. 

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Topics: Market Updates