Central Bank Anticipation Grows

US Main Indexes Advance

Investors continued to be rather hesitant in the U.S yesterday as the S&P and NASDAQ made incremental gains, while the Dow Jones Industrials lost slight value. The Dow remains above the 21,500 level comfortably. Long-Term Purchases data yesterday regarding U.S investments showed a significant rise in foreign activity yesterday, which signals global investors are confident about the U.S economy. Today Building Permits and Housing Starts data will be brought forth.

Shanghai Shenzhen Composite Gains

Asian markets have shown produced gains early today. However, the Nikkei and Topix Indexes have been tentative as shadows from the Bank of Japan’s monetary policy announcement tomorrow have triggered the caution. The Yen is in a consolidated range against the U.S Dollar, but remains within the stronger realms of its short term value as it lingers near the 112.00 level. The Shanghai Shenzhen composite has put in good gains this morning and it has added more than 4% of value the past month.

DAX Index Losing Ground

European equities continued to display nervousness and lost ground on Tuesday. The Dax led the losers and the German Index is down more than 3 and a half percent the past month. The Euro has begun to see range trading emerge against the U.S Dollar as investors anxiously await the European Central Bank’s Press Conference tomorrow. The U.K Consumer Price Index missed its estimate and hurt the Pound yesterday.

Gold crossed the 1,240 Resistance

Speculators continue to display buying momentum within the Gold market. The precious metal has climbed to 1240.00 U.S Dollars an ounce. While some selling has created a slight headwind for Gold early today, the commodity has received more attention from investors as they reconsider their outlooks regarding the U.S Federal Reserve.

Yaron Mazor is a senior analyst at SuperTraderTV.

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