Investors Looking at Federal Reserve Carefully, US Futures Point Higher

China Industrial Production numbers were solid this morning. German inflation via CPI hit its target.

Fed Outlook the Focus for Investors, Wall Street Called to Open Higher

European equities have produced mixed results early. And Wall Street’s losses yesterday were blamed in some corners on the firing of Secretary of State Rex Tillerson. However, the Future Markets in the U.S suggest a higher opening for the three major Indexes. Yesterday’s Consumer Price Index data from the States proved lackluster, even as it hit its target with a paltry gain of 0.2%. Today’s Retail Sales numbers from the U.S will be watched, but broad market sentiment will be generated via investors’ perspectives surrounding the Federal Reserve. A rate increase is a near certainty next Wednesday from the central bank, but it is the Fed’s outlook which will be the fuel that fires equities, forex, and bonds near term.

Forex Volatility a Possibility this Afternoon, China Industrial Data Wednesday

Industrial Production numbers from China beat their estimates by a wide margin with a gain of 7.2%. And Core Machinery Orders from Japan were very solid with a result of 8.2%, which surpassed its forecasted outcome of 5.3% handily. While Asian equities finished today’s trading in the red, most of the major Asian exchanges were able to reverse higher off lows. The Yen has traded in range versus the U.S Dollar and is near 106.50. The Euro and Pound have come off highs early this morning and have seen some pressure from the U.S Dollar the past couple of hours. German inflation data, via its Consumer Price Index, met expectations a handful of hours ago.

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U.S Inflation Figures Awaited by Commodity Traders, Gold Struggling

Gold has faced headwinds early and is near 1324.00 U.S Dollars. The precious metal put in a solid climb yesterday when U.S inflation data only met expectations, but Gold has not been able to sustain its gains. A dollar-centric mode for the commodity may continue near term.

Retail Sales Data from States, Crude Oil Inventories Numbers Coming                                                                           

Crude Oil Inventories data from the U.S will get plenty of attention from commodity traders upon its release at 14:30 GMT.

• 12:30 PM GMT U.S, Core Retail Sales
• 14:30 PM GMT U.S, Crude Oil Inventories

Yaron Mazor is a senior analyst at SuperTraderTV.

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