Yahoo Finance Full Volume Coming but Direction is Concern, Stocks Mixed
Japanese equities have experienced a moderate selloff this morning. The return of American financial institutions after yesterday’s holiday will be a catalyst in the broad markets.
Market Direction from the U.S the Question, Will Bullish Behavior Continue?
Equities have proven cautious in Asia this morning as impetus is awaited on from U.S investors. Europe was negative on Monday. There were no major global economic reports yesterday, but German statistics could prove worthwhile today. However, Wall Street’s direction will prove to be the catalyst upon the return of Americans from yesterday’s holiday. The Dow Jones Industrials will start the day above the 25,200 level, and is only down 3.27% the past month – even after the violent downturn which was produced a week and a half ago. Sentiment remains fragile, but investors proved capable of bullish behavior last week, and the question is where the broad markets go from here.
Another Storm Coming in Forex, Tranquil Trading Yesterday Welcomed
Forex provided a tranquil Monday for traders. The absence of financial institutions from the U.S created a quiet environment. But that will certainly change as the day grows long. The Euro is within shouting distance of the 1.24 level versus the U.S Dollar but has come off its highs attained the middle of last week. The Yen remains strong but has seen some weakness develop the past couple of sessions against the U.S Dollar. Federal Reserve members are scheduled for a handful of appearances late this week and this could create another storm in forex.
Precious Metal Declines in Early Trading, Gold Comes Off Highs
Gold has continued to face pressure as its price has fallen from highs seen late last week. Yesterday’s lack of volume in the broad markets may be part of the equation, but the precious metal has declined this morning too and is near 1341.00 U.S Dollars an ounce.
German Data this Morning Worthwhile, U.K Industrial Data on Calendar
Germany will see the publication of an Economic Sentiment survey at 10:00 GMT and it will be monitored by investors.
10:00 AM GMT Germany, ZEW Economic Sentiment
11:00 AM GMT U.K, CBI Industrial Order Expectations
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.
This article was originally posted on FX Empire
