Equities in Buying Mode as Shutdown Ends

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Published: Jan 23, 2018, 08:26 UTC

Wall Street gained as Congress passed a resolution which ended the U.S government shutdown.

The Bank of Japan has kept its monetary policy in place and the Nikkei has gained. Gold has added value this morning.

Trump Scores another Victory, Traders Looking Ahead to Growth Data

President Trump scored another political victory on Monday when Congress passed a resolution ending the U.S government shutdown. And Wall Street responded with another ferocious day of buying. The Richmond Manufacturing Index will be released today, but traders will now begin to look ahead to growth data which will be released later this week.

Bank of Japan Sights Improving Conditions, Asian Equities Perform Well

The Bank of Japan has maintained its current monetary policy path while highlighting signs of improving economics. The Yen has maintained its stance versus the U.S Dollar and is near 110.80. The Nikkei Index has gained more than one percent of value today, and other Asian equity Indexes have also performed well.

Strong Pound Causing Headwinds for FTSE, German Data Coming

The Pound has gained again the past day and will be a talking point for U.K investors. Germany will release an Economic Sentiment reading and the Euro has been steady. European equities added value yesterday, except for the Footsie which is under pressure because of the strong Pound. Forex traders should remain aware the European Central Bank will issue its monetary policy on Thursday.

Gold Shines for Traders, Resistance up Ahead for Speculators

Gold has added value and is near 1336.00 U.S Dollars an ounce. Resistance has proven strong above, but the precious metal has not seen severe reversals downward. Traders may look for upside value in the near term as Gold allures potential speculation.

German Investor Sentiment Reading, Richmond Fed Manufacturing Report

Public Sector Net Borrowing numbers released at 9:30 GMT in the U.K will be looked at by investors.

9:30 AM GMT, U.K, Public Sector Net Borrowing
10:00 AM GMT, Germany, ZEW Economic Sentiment
15:00 PM GMT, U.S, Richmond Manufacturing Index

Yaron Mazor is a senior analyst at SuperTraderTV.

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About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.