Global Markets Likely to See More Risk Appetite

Dow Jones Record Heights

The U.S Dollar proved it still has a punch on Friday as jobs data from the States proved strong and earnings statistics met expectations. Wall Street finished with gains for the major Indexes, and the Dow Jones Industrials will remains a focus for investors. A Labor Conditions report will come from the U.S today, but the investors will stay transfixed on equities. The jobs numbers on Friday proved that employment opportunities continue to grow, but it also showed inflation among payrolls remains lackluster.

Nikkei Testing Important Long Term Highs

Asian investors have shown risk appetite this morning, after taking their cue from their American counterparts. The Nikkei and Topix Indexes have climbed and are testing important long term highs. The Yen lost value to the U.S Dollar on Friday and the 111.00 resistance level could be important today. Trade Balance numbers are tentatively scheduled to be released from China early on Tuesday.

FTSE Produces Solid Results

The Euro and Pound lost ground to the U.S Dollar on Friday. The European Sentix Investor Confidence reading will be released today. The 1.18 level for the Euro against the U.S Dollar may remain a focal point for investors today. European equities enjoyed a solid day of buying before going into the weekend with the Dax and Footsie climbing. The FTSE 100 has gained more than 2% of value the past month.

Gold Reacts to Stronger U.S. Dollar

Gold was taken lower on Friday and enters trading this week with cautious glances from traders. Upon the U.S Dollar getting stronger before going into the weekend, Gold was sold off. However, the precious metal has seen plenty of buyers in the past few weeks and they may continue to show signs of life. 

Yaron Mazor is a senior analyst at SuperTraderTV.

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