All Eyes on the NASDAQ and Federal Reserve

Full volumes will return to the markets as U.S investors return to the marketplace. The NASDAQ will be watched closely after its declines the past few weeks. Gold remains volatile. The Federal Reserve will release it FOMC Meeting Minutes report later today and it could prove important.

Will Fed Indicate Timetable to Sell Assets?

The U.S Federal Reserve will publish its FOMC Meeting Minutes report later, and investors will be keen to examine the central banks outlook regarding monetary policy. Also, important will be any comments by the Fed about its commitment to shrink its asset holdings. Investors will look for a timetable in which the central bank will begin to sell some of the assets it has accumulated the past few years, which was done to stabilize the U.S economy. Wall Street will be watched closely after rather fragile results which have been posted the past month. The NASDAQ Index will get the brunt of attention because of its decline the past few weeks. Factory Orders statistics will also come from the U.S today, as investors return to their offices after celebrating a long holiday weekend.

China Equities March Higher

Asian markets reversed upwards after early selling in Japan. The Nikkei and Topix have produced gains. And the Yen which was stronger against the U.S Dollar to begin the day, has gotten weaker and is now trading comfortably above the 113.00 juncture. The Caixin Services Purchasing Managers Index data for China came in below its forecast. But the Shanghai Shenzhen composite has gained and is up nearly 5 and half percent the past month of trading.

European Data Improves Again

The U.K’s Services Purchasing Managers Index report missed its estimate this morning. The lackluster result follows the Construction and Manufacturing PMI outcomes released the past two days which proved uninspiring. The Pound has seen a wide range in early trading and the 1.29 ratio against the U.S Dollar remains important in the short-term. The Final Services PMI report from the European Union, which was also issued this morning did come in positive. And the Euro has range traded against the U.S Dollar the past couple of hours, while maintaining its rather strong stance. European equities have been mixed thus far today.    

Investors Bracing for Friday’s U.S Jobs Numbers

Gold continues to be volatile in early trading this morning the 1225.00 U.S Dollars an ounce mark appears to be short term resistance. Traders should expect fast conditions to remain in the precious metal as volumes increase with the return of U.S investors, and because of the upcoming Non-Farm Employment Change numbers which will be published in the States on Friday.

Yaron Mazor is a senior analyst at SuperTraderTV.

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