Yahoo Finance Investors Appear Ready to Add Risk Short Term, Gold and Yen Weaken
Inflation data will come from Europe this morning via the Core Consumer Price Index. Housing sector numbers will be released in the States. Investors are keeping their eyes on President Trump who will speak at the United Nations tomorrow. Asian equities have opened with gains this morning.
Housing Market Index, Trump Speaking at UN Tuesday
Before going into the weekend Wall Street managed to create moderate gains. The Federal Reserve will issue its Monetary Policy on Wednesday, but traders do not expect major changes from the U.S central bank. However, tomorrow’s upcoming speech from President Donald Trump at the United Nations may keep investors more nervous. Housing sector data will come from the States today via a Housing Market Index.
Asian Investors Have a Taste for Risk, Hang Seng Index Posts Solid Gains
The Hang Seng and Shanghai Shenzhen Indexes have put in solid gains early today. And Japan which is celebrating a holiday today has nevertheless seen the Yen get weaker as Asian investors have proven to have a taste for risk. The Yen is above 111.00 against the U.S Dollar. Trade Balance numbers will come from Japan early on Wednesday.
Consumer Price Index Numbers, FTSE Suffering Pressure via Strong Pound
Inflation numbers via the Core Consumer Price Index will be published today for the European Union. Italian Trade Balance numbers will also be released. The Euro and Pound have continued to track higher against the U.S Dollar and their gains will be put to the test by investors. European equities proved cautious late last week with the Footsie suffering the most pressure because of the strong Pound.
Risk Adverse Buyers Disappear, Speculators Looking at Downside
Gold has continued to see downward momentum build as risk adverse speculation has decreased. Support has been broken and the precious metal is near 1318.00 U.S Dollars an ounce. Gold’s strong mid-term range appears set for additional testing this week.
Inflation Data from Europe, U.S. Housing Sectors Data on Calendar
Investors will pay attention to the Core Consumer Price Index reading from the European Union which will be published at 9:00 GMT.
9:00 AM GMT E.U., Core Consumer Price Index
14:00 PM GMT U.S., NAHB Housing Market Index
20:00 PM GMT U.S., TIC Long-Term Purchases
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
