Many Eyes on U.S Dollar Weakness Entering this Week

Dow Industrials Highly Valued, Cautious but Firm Equity Indexes

The U.S Dollar came under pressure again on Friday as the Advance Gross Domestic Product Price Index fell. While Wall Street provided another mixed session before going into the weekend, the Dow Jones Industrials continues to see risk taking and is above the 21,800 level. Pending Home Sales figures will come from the States today. On Friday, the ever-important Non-Farm Employment Change numbers will be published. American investors may appear cautious, but they continue to hold onto their equity positions on the major Indexes. The U.S Dollar will remain a focal point for traders this week.

Housing Starts in Japan Gains, Risk Adverse Trading in Japan

Japanese equities stayed under pressure today as the Nikkei and Topix Indexes declined slightly. The Yen has been stronger against the U.S Dollar, as risk adverse traders continue to sell the U.S Dollar against the Japanese currency. However, Housing Starts data from Japan this morning proved surprisingly strong with a gain of 1.7%. Tomorrow Manufacturing Purchasing Managers Index numbers will come from the nation. China produced stable PMI results via its Manufacturing sector earlier today. The Hang Seng Index continues to prove a bull market.

German Retail Sales Improve, U.K. Borrowing Figures Better

German Retail Sales solidly beat their forecasted total this morning with a gain of 1.1%, the expected gain of 0.1% was left in the dust by the economic figures. The European Union continues to produce better data and even the Italian Unemployment Rate showed an improvement this morning. The Euro continues to maintain its stronger values against the U.S Dollar, while it stays firmly above the 1.17 mark. Net Lending to Individuals numbers from the U.K also were better today.

Gold has Stumbled Past Few Hours, Fast and Speculative Flavors Remain  

Gold continues to prove a fast market. The precious metal was taken higher early this morning upon opening, but has stumbled the past few hours and is near 1265.00 U.S Dollars an ounce, which may act as an important juncture in the short term. Speculation remains heightened in Gold.

Yaron Mazor is a senior analyst at SuperTraderTV.

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