The Bank of England will release its Monetary Policy Summary and Inflation Report today. Tomorrow the Non-Farm Employment Change numbers and Average
The Bank of England will release its Monetary Policy Summary and Inflation Report today. Tomorrow the Non-Farm Employment Change numbers and Average Hourly Earnings will come from the States. The Dow Jones Industrials will begin trading today above the 22,000 level.
The Dow Jones Industrials finished above the 22,000 level on Wednesday. However, the NASDAQ continues to display signs of restlessness as it again produced marginal losses. An important Services report will come via a Non-Manufacturing Purchasing Managers Index reading today. Factory Orders and Unemployment Claims data will be presented too. But it is tomorrow’s jobs numbers, including the Non-Farm Employment Change and Average Hourly Earnings which traders will begin to focus on in earnest as their reports draw closer.
Asian investors produced a ‘sea of red’ today with widespread selling across equity markets, including the Nikkei and Shanghai Shenzhen Indexes. The Caixin Services PMI report for China was negative this morning with an outcome of 51.5. Early on Friday, Japan will publish its Average Cash Earnings numbers. The Yen has traded in range against the U.S Dollar the past day and the 110.00 juncture appears to be vital support for the Japanese currency as it continues to display signs of strength.
The Bank of England and its Governor, Mark Carney, will be watched closely today as the central bank’s Monetary Policy Summary and Inflation Report are issued. Investors will focus on economic outlook, because the U.K economy continues to show signs of being fragile in the midst of uncertainty which is still transpiring because of the Brexit. A Services PMI report will also come from Britain today. The Pound and Euro continue to hold onto their stronger range entering today’s trading against the U.S Dollar.
Anticipation of tomorrow’s important jobs numbers from the U.S has caused Gold to become rather cautious. The precious metal has seen some headwinds, but remains within the solid territory after gaining the past couple of weeks. Gold is near 1270.00 U.S Dollars an ounce and will remain speculative the next two days of trading.
Yaron Mazor is a senior analyst at SuperTraderTV.
SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.
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.