Yahoo Finance Global Stocks Mixed with Focus on Trade War, CPI and Fed Minutes
The U.S Dollar has been weaker. Today’s Consumer Price Index figures from the States and Fed minutes will get plenty of attention.
Trump Sweet Talks China, Risk Appetite Increases in Asia and U.S
Donald Trump on Tuesday said talks between the U.S and China have seen signs of improvement. And Wall Street put in solid gains across the three major Indexes. Asian markets have been mixed this morning, the Shanghai Shenzhen and Hang Seng composites have added value, but the Nikkei Index has lost fractional ground. Inflation numbers from China via its Consumer Price Index today came in below expectations, but investors in Asia – like their American counterparts – have shown better risk appetite. European equities gained yesterday and look positive early today. U.K Manufacturing Production data will be worth watching this morning.
U.S CPI Data Today’s Focus, U.S Dollar Weaker Early This Week
The Producer Price Index in the U.S came in stronger than expected yesterday, and the CPI data coming from the States today will now become a focal point. However, the U.S Dollar got weaker even as inflation results showed gains, which raises suspicions regarding the impact today’s statistics will have. The Pound has performed well this week and is below the 1.42 juncture versus the U.S Dollar, and is within the stronger boundaries of its mid-term range. Forex has been relatively calm the past couple of weeks and traders should stay alert for potential breakouts.
Bulls Strong in Gold & U.S Crude Oil, Risk Sentiment Certain to Face Tests
Gold and U.S Crude Oil have done well early this week. However, both commodities are touching important inflection points, where reversals have occurred over the mid-term. The question for traders centers on broad market risk sentiment and its future direction. Gold is near 1341.00 U.S Dollars per ounce, while Crude Oil is above 65.00 Dollars.
Consumer Price Index from States, U.K Manufacturing Numbers Due
The Consumer Price Index results from the U.S will have an impact on their release at 12:30 GMT.
8:30 AM GMT, U.K, Manufacturing Production
12:30 PM GMT, U.S, Consumer Price Index
14:30 PM GMT, U.S, Crude Oil Inventories
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
