Jobs Numbers and G-20 Certain to Impact Trading Conditions

Global investors will have a full plate of activity to consider today and tomorrow. A wave of U.S data will be released over the next two days and have an impact on the markets. Also the G-20 meetings will get underway tomorrow and carry political risks. Jobless numbers are part of the data parade which will come from the States, along with a Non-Manufacturing PMI report.

Investors Will Get Huge Amount of Data to Consider

A wave of U.S data will start to today and last into tomorrow. Weekly Unemployment Claims along with an important Non-Manufacturing Purchasing Managers Index reading will be published today. Tomorrow the always critical Non-Farm Employment Change results will be brought forth. Wall Street will also keep President Trump in focus as he begins his European visit. Trump will be in Poland today and tomorrow will participate in G-20 meetings. Among his discussions tomorrow is expected to be a get together with Russian leader Vladimir Putin. The major equity Indexes in the States produced rather lackluster results on Wednesday, but traders must be ready for the potential of volatility these next two days.

China and U.S. Meeting Anticipated

Japan will release its Average Cash Earning data early on Friday which will give traders additional insights about inflation in the nation. The Nikkei and Topix Indexes proved quiet today, along with the Hang Seng and Shanghai Shenzhen composites. Asian investors are bracing themselves the U.S jobs numbers tomorrow, but they also are likely keeping an eye on the potential for political developments as the G-20 meetings get underway tomorrow. Conversations between China and the U.S are widely anticipated regarding North Korea, and the results could have an impact on trading early next week. The Yen has kept its consolidated mode against the U.S Dollar today and the 113.00 level remains intact.

Euro & Pound Locked in Tight Range Against U.S. Dollar

European equities have opened cautiously this morning, after seeing the Dax and FTSE 100 achieve moderate gains on Wednesday. The tentative trading conditions in Europe mirror the results produced in Asia. Traders have gone into a holding pattern as they await the important U.S data. Economic reports from Europe will be limited today, but tomorrow French Industrial Production numbers will be brought forth and the U.K will see the Halifax Home Price Index results. The Euro and Pound have remained locked in a tight range against the U.S Dollar. The 1.29 mark for the Pound against the U. S Dollar continues to be support in the short term.

Another Abrupt Drop in Crude Oil Price

Crude Oil continues to offer traders a wild ride. The price of U.S Crude Oil abruptly dropped yesterday, and the 45.00 U.S Dollars a barrel mark appears to be important short term support. The U.S will publish its Crude Oil Inventories data and it could cause an impact for the commodity today.

Yaron Mazor is a senior analyst at SuperTraderTV.

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