Global Stocks Remain Strong, Crude Oil Prices Inch Higher

German will issue inflation data tomorrow, and the Euro remains highly valued against the U.S Dollar but has seen some pressure since Friday.

Japanese Equities Roaring Higher, Wall Street’s Exclamation Point

Japanese equities have opened this morning with another roar higher. The Nikkei and Topix Indexes have shown the ability to wash away fears which abounded only a week ago and respond with rampant buying the past few sessions. The Nikkei has still declined more than 7% the past month, but over the past year, it has gained almost 15%. The Shanghai Shenzhen and Hang Seng have also kept up their winning pace this morning. European equities look set for a positive day early. U.S markets will be closed today for President’s Day. Wall Street’s positive trading last week proved an exclamation point on what has been two wild weeks of trading for equities. Animated conditions may not have disappeared completely yet and traders should vigilant.

German Inflation Data Tomorrow, Solid Trade Balance Numbers from Japan

The U.S Dollar has been relatively calm early after going into the weekend slightly stronger. However, the Dollar has had a weaker stance the past week, and the Euro remains elevated with relatively strong values around 1.2400. The Pound has been under some pressure and has lost value versus the U.S Dollar this morning. Global economic data will be light today. However, a German Economic Sentiment report and inflation data will come from the nation tomorrow. Trade Balance numbers from Japan this morning were strong. And the Yen has been slightly weaker versus the U.S Dollar.

Bulls Embrace Crude Oil’s Mid-Term Range, More Value to Come for Crude

Crude Oil has gained early this morning. Traders have embraced the commodities bullish mid-term range again the past week. The price of the energy is above 62.00 U.S Dollars a barrel and speculators may believe more value can be found.

Eurogroup Underway in Brussels, Carney Leadership, and Values Speech

Bank of England Governor Mark Carney will be speaking at Regents University in London at 18:45 GMT.

• All Day, E.U, Eurogroup Meetings
• 18:45 PM GMT U.K, BoE Governor Mark Carney Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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