US Futures Point to a Higher Open, Manufacturing Data Coming from States Soon

Equities have continued mostly in positive territory early today in Japan and Europe. The U.S Dollar has remained strong in forex. Dallas Federal Reserve President Robert Kaplan is speaking later today. And the ISM Manufacturing PMI report will come from the States also.

Cautious Open on Wall Street Expected, Dallas Fed President Appearance

Wall Street is expected to open cautiously today following the unfolding shooting events in Las Vegas this morning, however, investors are likely to focus on data reports scheduled today and later this week. The Dow Jones did put in gains before going into the weekend as investors build on solid growth numbers from Thursday. A Manufacturing Purchasing Managers Index report will be published soon. And later today, Dallas Federal Reserve President Robert Kaplan will be speaking. The U.S Dollar remains strong in forex.

Solid Data from Japan in Quiet Market, Monetary Base Results Tomorrow

Asian investors proved quiet this morning as the China holiday has closed large parts of the market. However, in Japan, the Nikkei did manage to put in slight gains, as the Topix Index declined slightly. Manufacturing data from Japan showed an improvement via the Tankan numbers and the Japanese government’s report. Monetary Base numbers will come early from Japan. The Yen remains weak against the U.S Dollar, and just tad below 113.00.

A Manufacturing Data Miss in Britain, Euro Remains Fragile         

Manufacturing PMI numbers from the U.K were disappointing earlier today with a result of 55.9, but the miss was not huge. The Pound has been weaker against the U.S Dollar as it trades slightly above the 1.33 mark. German and French manufacturing data this morning essentially met their targets, but the Euro remains under pressure as investor sentiment stays fragile because of the Catalonia referendum chaos yesterday.

Selling Assault in Gold, Locked in Short Term Range near Support

Gold has remained locked in a tight range the past few hours as it hovers above the 1270.00 U.S Dollars support level. The precious metal has slid from its highs two weeks ago and continues to face a selling assault. Traders tempted to buy Gold need risk management.

Important U.S. Manufacturing Reading, Robert Kaplan Talking in Dallas

The Manufacturing Purchasing Managers Index reading from the U.S at 14:00 GMT will get plenty of attention today.

• 14:00 PM GMT U.S., ISM Manufacturing PMI
• 18:00 PM GMT U.S., Dallas Fed President Kaplan Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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