Global Stocks Higher as Trade War Fears Ease Slightly

Wall Street will be watched closely after steep losses on Friday. Asian equities have been strong today. And the U.S Dollar has been slightly weaker.

White House Antics Cause Storm, Investors React to Loud Debate

Wall Street will be watched intently after it produced pervasive selling on Friday. Asian equities have been calm this morning, but the question is if American investors will stay composed in the hours to come. Important Producer Price Index numbers will be released tomorrow in the States, but the sparkplug for traders remains the White House and Donald Trump’s rather loud negotiating tactics. The trade saga debate between the U.S and China continues to boil, but at some point, investors may become accustomed to the White House antics and realize the show will eventually end rather quietly.

Euro and Pound Potential to Strengthen, Yen Weaker as Asia Stays Calm

The U.S Dollar gained before going into the weekend as investors turned cautious. But with a weekend to rest and important data coming from the States relatively soon, forex may prove rather range bound near term. The Yen has weakened this morning, as Asian investors have proven resilient and have produced gains on the Nikkei, Hang Seng, and Shanghai Shenzhen Indexes. The Euro and Pound remain comfortably above important support, which may signal investors believe both currencies have the potential to get stronger against the U.S Dollar.

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Rocky Road for Gold Traders, Precious Metal Tranquil Early Today

Gold proved tough for short-term traders last week, as rocky results punished market participants caught on the wrong side. The precious metal is near 1333.00 U.S Dollars per ounce and has been rather tranquil this morning. However, traders should be prepared for swift conditions to resume in the near term.

Real Estate Data from Britain, Bank of Canada Report this Afternoon

The Halifax Home Price Index from the U.K could prove interesting upon its release at 7:30 GMT.

• 7:30 AM GMT, U.K, Halifax Home Price Index
• 8:30 AM GMT, E.U, Sentix Investor Confidence
• 12:30 PM GMT, Canada, BoC Business Outlook Survey

Yaron Mazor is a senior analyst at SuperTraderTV.

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