Global Equities Rise, US Futures Point to a Higher Open

Existing Home Sales data will come from the States today, and Core Durable Goods Orders figures will be released tomorrow. Wall Street appears cautious but posted gains yesterday on the three major Indexes, including the Dow Jones Industrials. The Autumn Forecast Statement will come from the U.K tomorrow.

Dow Jones Industrials Appears Cautious, Major Exchanges Post Gains

Existing Homes Sales data will come from the U.S today, and Fed Chairwoman Janet Yellen will take part in a panel discussion in New York this evening. U.S investors posted moderate gains on the three major exchanges yesterday. However, trading volumes have started to show signs of lighter volumes as the Thanksgiving holiday approaches this Thursday. Trading sentiment on Wall Street may appear cautious, but the Dow Jones Industrials are still within shouting distance of their record highs.

Bulls Create Stampede for Asian Equities, Mixed Economic Data from Asia

China saw the Conference Board’s Leading Index survey produce a gain of 1.3 percent yesterday, but Japan’s All Industries Activity report produced a negative outcome of minus -0.5 percent today. However, Asian Indexes saw bulls climb back into equities with swift climbs on the Hang Seng and Shanghai Shenzhen composites. The Yen has range traded against the U.S Dollar today.

U.K’s Autumn Forecast Statement Tomorrow, Pound Firm against U.S Dollar

Inflation Reports Hearings have taken place in the U.K with Bank of England Governor Mark Carney in the midst of the conversations. However, it is the Treasury’s Autumn Forecast Statement for Britain tomorrow, which may provide a larger impact for traders as they get more insights regarding the U.K’s economic outlook. The Pound has been firm today but has remained in range against the U.S Dollar.

Storm Filled Range for Gold, Resilient Values in Precious Metal

Gold has proven resilient early, after coming off lows created late on Monday. The precious metal is near 1277.00 U.S Dollars an ounce. Traders should anticipate further tests of Gold’s rather storm filled range in the coming days.

Housing Sector Data from U.S, Yellen Participating in Panel Discussion

Existing Homes Sales data will come from the States at 15:00 GMT and provide traders an opportunity to examine the housing sector.

• 15:00 PM GMT U.S., Existing Home Sales
• 23:00 PM GMT U.S., Federal Reserve Chairwoman Yellen Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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