Global Stocks Edge Higher, U.S Dollar Surging as Bond Yields Climb

Economic data from the U.S was positive yesterday. And Asian Indexes have gained this morning. Gold has been weaker.

Asian Indexes Gain across Board, European Equities Join Party Higher

Global equities are turning positive as the U.S Dollar has proven capable of a strong trend. Asian Indexes have gained across the board with the Shanghai Shenzhen leading the party with more than a two percent climb this morning. European equities finished yesterday’s session on a higher note as investors began to take advantage of the weakened Euro and Pound. Wall Street turned in a mixed session on Monday and will certainly be monitored. U.S economic data was strong via manufacturing and housing sector numbers. And today an important Consumer Confidence reading will come from the States.

U.S Ten Year Bond Yields a Definite Factor, ECB & U.K Fueling Decline Too

The strength of the U.S Dollar has been a huge topic in the broad markets, as it has made substantial gains versus the Yen, Euro, and Pound. U.S Bonds, particularly the 10-year note – have found a wave of buyers as its yield has climbed to nearly 3 percent. The stronger bond yields have directly fueled the U.S Dollars rise. And two other reasons why the Euro and Pound have been weak are because: The European Central Bank has let it be known it intends on remaining cautious for the next couple of months. And Theresa May appears to be losing her grip on the Brexit as the U.K government fights over its mechanics.

Gold’s Trend Targeting Support Below, Speculators Aiming for Decline

Gold has been pummeled and its trend is a direct reflection of the strong U.S Dollar. The precious metal is near the 1327.00 Dollar level this morning, but speculators may be looking for targets below which look inviting.

German Business Climate Survey, U.S Consumer Data Later

A German Business Climate survey which will be published at 8:00 GMT could prove informative for investors.

• 8:00 AM GMT, Germany, Ifo Business Climate
• 8:30 AM GMT, U.K, Public Sector Net Borrowing
• 14:00 PM GMT, U.S, CB Consumer Confidence

Yaron Mazor is a senior analyst at SuperTraderTV.

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