The Euro Rises on Strong Economic Data, US Inflation Data in Focus

The U.S will publish important Producer Price Index numbers today, tomorrow the U.S will post Consumer Price Index results. The Euro has gained early today as the European Central Bank conducts a monetary policy discussion panel. CPI data has been published in Britain.

The Importance of the Producer Price Index, Inflation Sentiment at Stake

The Producer Price Index report from the States could impact the broad markets today if the result comes in higher than expected. While investors have certainly positioned themselves for an interest rate hike in December from the Federal Reserve, many analysts feel a follow-up increase in the spring of 2018 is unlikely. A surprising gain in inflation today could change existing sentiment. The U.S Dollar should be monitored.

Growth Numbers from Japan Tomorrow, Bullish Momentum Halted

China economic data today essentially met expectations via the Industrial Production results. However, Asian equities remained tentative and experienced selling. The Nikkei Index has seen its bullish momentum halted the past few trading sessions. Early on Wednesday Gross Domestic Product results will be posted from Japan.

Euro Strengthens Early, U.K Consumer Inflation Numbers Miss Estimate

The European Central Bank’s monetary policy panel discussion is underway and included the heavyweights of the global central banks. The Euro has been stronger and is near the 1.1750 level against the U.S Dollar. U.K Consumer Price Index numbers came in slightly below their expectations and the Pound has continued to face headwinds.

Range Trading Opportunities, Gold’s Consistent Battleground

Gold has come off highs and is near 1274.00 U.S Dollars an ounce. The precious metal remains a stark battleground and has produced a consistent range the past couple of weeks, which some traders may be tempted to try and find opportunities.

Crucial U.S Inflation Number, BoE Deputy Governor Cunliffe Talks

Traders will react to Produce Price Index results from the States when the results are issued at 13:30 GMT.

• 13:30 PM GMT U.S., Producer Price Index
• 17:30 PM GMT U.K., Bank of England MPC Member Cunliffe Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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