Yahoo Finance Markets Remain High as Political Sagas Build, China Stocks Soar
China has returned from its Golden Week holiday with large gains on the Shanghai Shenzhen composite this morning. Political uncertainty in Spain will be in focus for European investors. And Gold has put in large gains since Friday.
Trump Stays Loud but Markets Remain Strong, Forex Volatility Stirring
The Washington political quagmire has stayed vibrant over the weekend as President Trump continues to tweet about North Korea and the U.S economy. However, Wall Street remains steadfast and near its record territory following a mixed session before going into the weekend. Markets will be quiet in the U.S today as Columbus Day is celebrated. Jobs data from the States on Friday did show signs of inflation via the Average Hourly Earnings, and this may cause more volatility in forex this week.
China Returns from Golden Week Holiday, Shanghai Shenzhen Gaining
China has returned from its long Golden week holidays, and the Shanghai Shenzhen composite is playing a game of catch up as it has put in strong gains this morning. Japan is on holiday today but returns to the markets in force tomorrow. The Economic Watchers Sentiment reading will come from Japan early on Tuesday. The Nikkei Index has gained more than seven percent the past month and is a major talking point for speculators.
Euro Near Important Support, European Equities Being Monitored
Data from the European Union will be relatively light with the Sentix Investor Confidence the only remaining report still on the schedule for the continent today. However, investors remain focused on the political uncertainty transpiring in Spain regarding Catalonia, which is certain to grow louder in the coming days. The Euro has gained slightly but remains near its weaker boundaries against the U.S Dollar. The 1.17 level for the Euro is an important support. European equities should be monitored early this week for nervousness.
Gold Shows Resilience, Reversal Signals Investors Still Active in Gold
Gold gained considerably before going into the weekend and has continued its momentum this morning. The precious metal is near 1283.00 U.S Dollars an ounce. After testing low water marks early last week, Gold has shown resilience and its reversal signals investors remain interested in the precious metal long term.
Investor Confidence Reading from E.U., Retail Sales Report for U.K.
The European Union will see the Sentix Investor Confidence reading at 8:30 GMT.
8:30 AM GMT E.U., Sentix Investor Confidence
11:01 PM GMT U.K., BRC Retail Sales Monitor
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
