Investors Ready for Crucial Data from States Next Two Days, Bitcoin Prices Hold Near Record High

U.S GDP numbers yesterday were positive. Today Personal Spending data will come from the States. Non-Farm Employment Change and Average Hourly Earnings statistics will be released tomorrow. Wall Street was positive on Wednesday. The Euro has continued to remain under short-term pressure in forex.

Solid Growth in States, Crucial Data Today & Tomorrow from U.S.

Weekly Unemployment Claims may be the talking point for many traders today in the U.S, but the number which could affect the broad markets the most if there is a surprise in the Personal Spending statistics which will be released at the same time. A wave of crucial data will come from the States today and tomorrow. Traders need to consider Monday is a holiday in the U.S, which opens the door to potential volatility going into the long weekend. Yesterday’s robust growth numbers from the States underscored the American economy is strong, and Wall Street reacted with a solid day of results.

Housing Starts Fall in Japan, Nikkei and Topix Climb

While Japanese economic data turned in poor results today via falling Housing Starts, Japanese investors remained in a buying mood on the Nikkei and Topix Indexes. Manufacturing Purchasing Managers Index numbers from China were positive with a reading of 51.7, tomorrow the Caixin manufacturing data will be published for China. The Yen has traded in a tight range today and is near 110.50 against the U.S Dollar.

Weakened Euro Helping Equities, Retail Sales Drop in Germany

Retail Sales from Germany turned in a disappointing figure of minus -1.2 percent this morning. However, French Preliminary Consumer Price Index numbers did meet their target. The Euro has been a focal point in forex as it has battled an intense range this week. The currency is battling below 1.19 against the U.S Dollar. European equities have stayed positive early today as investors react to the weaker Euro with a buying spree.

Gold Turns Cautious for a Moment, Traders Ready for Breakouts

Gold has flatlined the past twenty-four hours as trading has become cautious in the commodity. The price of the precious metal remains above 1300.00 U.S Dollars an ounce. Traders should be ready for potential breakouts if surprises come from the important U.S data today or tomorrow.

Bitcoin Prices Edge Higher

Bitcoin prices continue to edge higher after hit a new record above $4700 on Wednesday. Bitcoin was trading at $4656.5 up 7.22%. the world number one cryptocurrency reached a new market cap of $73 billion and the $5000 seems to get closer.

Weekly Jobs Data Coming, Housing Sector Statistics from States

The weekly Unemployment Claims will be published in the States at 12:30 GMT and get plenty of interest from investors.

12:30 PM GMT U.S., Unemployment Claims

12:30 PM GMT U.S., Personal Spending

14:00 PM GMT U.S., Pending Home Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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