The Euro and Pound showed strength against the U.S Dollar again as the Federal Reserve’s FOMC Meeting Minutes await publication. Tomorrow’ PPI inflation
The Euro and Pound showed strength against the U.S Dollar again as the Federal Reserve’s FOMC Meeting Minutes await publication. Tomorrow’ PPI inflation data from the States will be important. Catalonia has made political overtures to the national Spain government. Global equities remain bullish.
Investors in the U.S are anxiously awaiting the Federal Reserve’s Meeting Minutes publication later today, which will give further insights regarding the U.S central bank’s outlook. And tomorrow important Producer Price Index inflation data will be brought forth. Both reports will impact the broad markets. Wall Street has continued to see investors remain bullish as the major Indexes achieve new heights. And traders will have to keep an eye on Washington, as President Trump continues to offer clues about potential tax reform, and comments on trade agreement such as Nafta.
Asian investors continue to express a surging amount of risk appetite as major equity exchanges across the continent test record highs. The Nikkei Index has put in additional gains this morning. And the Core Machinery Orders data from Japan put in a rock solid gain of 3.4% today. Inflation numbers will come from Japan early on Thursday which should be examined.
Yesterday’s disappointing French Industrial Production numbers did not impact the Euro as the currency continued to gain in the short term against the U.S Dollar. Data will be light from the European Union and the U.K today, but tomorrow’s Credit Conditions Survey from the Bank of England will be of interest. Spain will also have to be kept in focus as Catalonia appears to have welcomed overtures with the national government.
Gold has seen a wave of buying helped challenge short-term resistance. The precious metal is within sight of the 1290.00 U.S Dollars an ounce level after its recent climb, as the Federal Reserve’s Meeting Minutes awaits publication and could impact the broad markets.
Fed Minutes Published Later Today, Inflation Data from States on Thursday
The U.S Federal Reserve’s Meeting Minutes publication at 18:00 GMT today will be important. And Thursday’s Producer Price Index from the States at 12:30 GMT needs to be monitored.
Yaron Mazor is a senior analyst at SuperTraderTV.
SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.
Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.