Yahoo Finance Tranquil Day of Trading Embraced by Markets
The Nikkei Index put in large gains of nearly 2% today. Gold has been relatively tranquil in early trading. The German ZEW Economic Sentiment report will be published tomorrow.
Quiet Day Ahead for Traders, Low Volumes Expected in Broad Markets
Equities in Europe are in a rather cautious mode following a robust day of gains on Japanese Indexes. China remains on holiday for the Lunar New Year, and the U.S is celebrating President’s Day. Meaning traders will get a potential day of tranquil conditions with low volumes in the broad markets. There is no significant data on the schedule today. However from Germany tomorrow, there will see an Economic Sentiment reading and Producer Price Index statistics. Before going into the weekend, U.S housing sector figures were solid. The States will issue manufacturing reports mid-week which could spur interest.
U.S Dollar Regains Some Strength, Political Noise in U.S Loud
Politics have seen no letdown in hyperbole from the U.S, where President Trump continues to criticize the FBI on a daily basis regarding its handling of the Russia probe. The U.S Dollar did regain some strength on Friday before going into the weekend. Forex like the equity markets has provided fireworks the past two weeks and tested experienced traders globally. The Euro remains within the higher realms of its range against the U.S Dollar and is near 1.24 in quiet action today, and the Pound has a value of about 1.40 versus the U.S Dollar. Moving forward this week, investors may want to keep their eyes on the U.S political scene.
Gold Turns Relatively Quiet, Precious Metal near Higher Values
Gold has turned relatively quiet the past couple of hours. The commodity is trading near 1347.00 U.S Dollars an ounce and remains well within its upper range. Gold was pushed back on Friday, but today’s holidays may allow traders to look for tranquil moments in which they can position themselves based on their outlooks.
Carney Speaking in London, German ZEW Economic Sentiment Tomorrow
Bank of England Governor Mark Carney will be speaking in London at 18:45 GMT for traders who are interested.
18:45 PM GMT U.K, BoE Governor Mark Carney Speaking
21:45 PM GMT New Zealand, Producer Price Index Data
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
