Global Investors Show Resolve and Stay Steady, Gold Declines from Highs

Global markets have become calm. Asian equities have gained this morning. Retail Sales from Japan beat their estimate. U.S GDP numbers will be released today. The Euro has come off its highs and Gold has declined slightly.

Investors Prove Calm, U.S. Gross Domestic Product Data

Wall Street remained tranquil on Tuesday as cautious gains were attained on the three major Indexes. Geopolitical tensions regarding North Korea and the U.S reached the United Nations, but traders appear to be calm. A Consumer Confidence reading from the U.S was positive yesterday. Today an important Preliminary Gross Domestic Product number will be presented for investors to examine. And important jobs numbers will be seen via the Non-Farm Employment Change via the ADP.

Japanese Consumers Prove Optimistic, Weaker Yen Moves towards Resistance

Retail Sales numbers from Japan beat their expectations with a solid gain of 1.9 percent, surpassing its expectation of 1 percent by nearly double. Japan has turned in a string of improving economic data and its consumers have apparently reacted by opening their pocket books. The Nikkei and Topix Indexes have gained this morning. And the Yen has traded weaker against the U.S Dollar and has approached the 110.00 resistance level. China Manufacturing data will start to be released early on Thursday.

European Data Stays on Target, Euro New Highs Battle Headwinds

Economic data from the European Union and U.K essentially met their expectations yesterday as a German Consumer Climate turned in a slightly better reading, the U.K Nationwide Home Price Index put in a small decline. The U.K will publish Net Lending to Individuals and Mortgage Approval reports today. The Euro reached new highs on Tuesday but has seen some selling pressure develop and the currency is below 1.20 against the U.S Dollar. The Pound has seen some slight selling too and is hovering above 1.29 against the U.S Dollar.

Gold Declines from Highs, Mid-Term Trend Still Strong

Gold has dropped in value but remains within its strongest boundaries as its trades slightly below 1320.00 U.S Dollars early this morning. The precious metal could be ready to deliver volatile trading in the coming days if speculators decide to test Gold’s rather strong mid-term trend.

U.K. Borrowing Data, Growth Numbers from State

Investors will be keen to see the results from the Preliminary Gross Domestic Product results from the U.S at 12:30 GMT.

8:30 AM GMT U.K., Net Lending to Individuals

12:15 PM GMT U.S., ADP Non-Farm Employment Change

12:30 PM GMT U.S., Preliminary Gross Domestic Product

Yaron Mazor is a senior analyst at SuperTraderTV.

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