Asian markets have opened mixed and cautiously this morning. Investors have had time to digest Saturday’s military strike in Syria.
Forex has been consolidated. U.S Crude Oil will be of interest for traders today.
Asian markets have opened with relative calm this morning and mixed results in the aftermath of Saturday’s military entanglements in Syria via the U.S, U.K, and France. Investors in many respects have grown accustomed to a variety of conflicts and what they want more than anything is clarity. The fact that the White House has stated it has accomplished its objective may serve as an ointment for nervous traders. There will be plenty of economic data this week and the U.S kicks off the reports with its Core Retail Sales numbers today. The New York Fed will release its Empire State Manufacturing Index numbers too. Wall Street went into the weekend with slight losses but did show improved sentiment most of last week. Traders should keep in mind that on early Tuesday, China will release growth numbers which could prove important.
Forex has seen consolidated trading the past few sessions. The Euro has been particularly burdened with a tight range as it lurks near 1.2330 against the U.S Dollar. The Pound in the meantime has been able to hold onto the stronger realms of its value as it trades near 1.4260 versus the Dollar. Important inflation data will come from the U.K tomorrow via the Average Earnings Index and this could ignite the movement for the British currency.
U.S Crude Oil will get plenty of attention after the weekend’s military strike in Syria. However, investors may have already digested the events and be looking at fundamental data once again for the commodity. Crude Oil is below 67.00 U.S Dollars a barrel and is near important resistance.
Consumer Spending Numbers from the U.S, New York Fed Manufacturing Report
Retail Sales figures from the U.S will prove worthwhile for traders to look at when they are released at 12:30 GMT.
Yaron Mazor is a senior analyst at SuperTraderTV.
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Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.