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Global Stocks Firm with Positive Sentiment

Yaron Mazor
Updated
Forex remains lively as the shadows from central banks draw closer with their interest rate announcements due mid-week.

Producer Price Index data will come from the U.S tomorrow. The Dow Jones Industrials begins trading today with active buyers and near record highs.

Dow Jones Industrials Producing Buyers, Producer Price Index Tomorrow

While the Average Hourly Earnings statistics missed their estimate on Friday, Wall Street continued to produce buying action. The Dow Jones Industrials will begin trading today above the 24,300 juncture. There will be additional jobs data today from the States, but it is tomorrow’s Producer Price Index which will get interest from traders. The Federal Reserve will release its interest rate decision on Wednesday.

Japanese Data Lackluster, Risk Appetite Buoyant in Asia

Asian markets have opened with gains on the Nikkei, Hang Seng, and Shanghai Shenzhen Indexes this morning. A Manufacturing Index result from Japan proved disappointing and Money Stock data from Japanese banks came in slightly below estimates. However, risk appetite remains buoyant in Asia, and the Yen remains within its weaker range against the U.S Dollar near the 113.50 level.

Pound & Euro Equilibriums Sought, U.K Inflation Data on Tuesday

The Pound and Euro will be under the microscope early today as traders search for equilibriums before central bank pronouncements come from the Bank of England and European Central Bank this Thursday. Italian Retail Sales figures will be published today, and tomorrow important inflation data will come from Britain.

Intense Headwinds Remain for Gold, Uncomfortable Speculative Positions

Gold continues to battle intense headwinds and is near crucial support levels. The precious metal’s value this morning is around 1248.00 U.S Dollars an ounce as traders look at it suspiciously. Speculative buying positions may be attempted, but traders need to be ready for potentially uncomfortable market action.

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Italian Consumer Spending Data, More Jobs Numbers from States

Job Openings data will come from the U.S at 15:00 GMT from the States today, which will give traders additional insights.

  • 9:00 AM GMT Italy, Retail Sales

  • 15:00 PM GMT U.S., JOLTS Job Openings

Yaron Mazor is a senior analyst at SuperTraderTV.

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This article was originally posted on FX Empire

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