Yahoo Finance Global Equities Produce Gains as Calm Rules
Forex markets have stabilized after yesterday’s volatility. However, the Euro continues to face headwinds as uncertainty surrounding German politics swirl. Inflation Hearings will be conducted in the U.K today and Existing Home Sales will come from the States.
U.S Investors Produce Quiet Gains, Durable Goods Orders Data Tomorrow
Economic data will be light today, Existing Home Sales will be the highlight but unless there is a major surprise little attention will be given to the report. Wall Street was able to turn in slight gains yesterday as trading volumes proved calm. Tomorrow Core Durable Goods Orders will be released as true holiday trading begins to kick in as the Thanksgiving holiday looms. The U.S Dollar has been firm short term.
Small Miss from Japanese Data, Buyers Still Attracted to Asian Equities
All Industries Activity data from Japan came in below expectations this morning with a result of minus -0.5%. However, the outcome was only fractionally below its estimate and Japanese equities have continued to show the ability to attract buyers. The Nikkei Index has gained more than 1 percent today, and the Yen has been weaker against the U.S Dollar.
Political Uncertainty in Europe Grows, European Equities Gain on Monday
European politics continue to cause uncertainty for investors, but European equities were positive yesterday including the Dax and Footsie. Chancellor Merkel of Germany has said there is a prospect for new German elections. And in the U.K the Inflation Report Hearing will be held today. The Euro continues to fight headwinds, and the Pound has range traded against the U.S Dollar and is near 1.3250.
Traders Lured into Gold near Highs, Gold Resistance Causing Havoc
Gold has seen resistance prove that it still has the capability to cause havoc. The precious metal is near 1280 U.S Dollars an ounce, after perhaps luring some traders into buying positions on Monday when Gold was near 1290.00 U.S Dollars. The commodity has proven a tough market the past month and a half.
Mark Carney in the Spotlight Today, U.S Housing Sector Data Coming
Traders will listen to Bank of England Governor Mark Carney as he answers questions during the U.K’s Inflation Report Hearings which get underway at 10:00 GMT.
9:30 AM GMT U.K., Public Sector Net Borrowing
10:00 AM GMT U.K., Inflation Report Hearings
15:00 PM GMT U.S., Existing Home Sales
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
