Markets Start New Year: Euro, Pound, Gold and Crude Oil Test Important Levels

Manufacturing PMI results will come from the U.K, and Wall Street indexes will be watched closely as the New Year’s trading begins.

Wall Street Starts a New Year, Light Data from North America Today

North American markets will open today after their long holiday weekend. While trading volumes will likely be rather light, Wall Street will be watched closely to see how it starts the New Year. Data from the States will be minuscule today, but important numbers will be delivered over the next few days culminating in the jobs statistics on Friday.

Solid Gains on Hang Seng this Morning, Good Services Figures from China

The Caixin Manufacturing reading for China was stronger than its estimate early today with an outcome of 51.5. And equities on the Hang Seng and Shanghai Shenzhen composites have opened with solid gains. Japan will be on holiday until Thursday. The Caixin Services data for China will be released on Thursday.

Mid-Term Values Approached by Euro & Pound, Inflation Data Looms

The Euro and Pound are trading near mid-term highs against the U.S Dollar which were accomplished in September. Manufacturing data will come from the U.K today and important inflation data will come from the European Union on Thursday. European equities today resume their trading after putting in cautious results last week.

Gold and U.S Crude Oil near Important Resistance, Impressive Gains Made

Gold and U.S Crude Oil prices enter today’s trading near important resistance levels. Both commodities put in impressive gains last week and should be watched closely in the coming days as trading volumes increase as investors return from their long holiday.

Manufacturing Data via U.K & States Today, Construction Numbers Tomorrow

The Manufacturing Purchasing Managers Index survey from the U.K will get attention when it is released at 9:30 GMT.

• 9:30 AM GMT U.K., Manufacturing PMI
• 14:45 PM GMT U.S, Final Manufacturing PMI

Yaron Mazor is a senior analyst at SuperTraderTV.

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