Nikkei and Dow Jones Industrials at Record Highs, US Futures Lower, Gold Rises

Investors will remain attentive to the new highs being attained on Wall Street. The Dow Jones Industrials is at historic highs. Retail Sales from the U.K faltered via its data. China GDP number met their expectations today. Weekly Unemployment Claims will come from the States.

Major Indexes Attaining Record Heights, Trump Decision on Fed Leadership

Investors will be paying strict attention to the results on Wall Street today as equities on the three major Indexes continue to attain record heights. Building Permits data from the States yesterday showed some weakness in the housing sector. Today the Philly Fed Manufacturing Index numbers will be released. The White House is also in focus, as investors prepare for President Trump’s decision regarding the future leadership of the Federal Reserve, Trump’s choice for the Chairperson role will likely come in about two weeks.

China Growth Meets Estimates, Bullish Behavior from Japan

While growth numbers from China only met their expectations earlier, Industrial Production figures were improved. Trade Balance numbers from Japan proved lackluster, but this has not halted the advance being made by the Nikkei Index which continues to see the bullish behavior. The Yen has seen swift range trading against the U.S Dollar and remains within the weaker boundaries of its short-term range.

Pound & Euro Remain Under Pressure, Average Earnings Index Increases

Retail Sales figures from the U.K which were recently published came in far more negative than expected. The outcome of minus -0.8 percent will not put a smile on the face of retailers, particularly when the notion of a higher interest rate may await the Pound. The British currency has taken a hit in early trading, but is still above the 1.31 level against the U.S Dollar. Tomorrow inflation data will come from Germany, via a Producer Price Index report.

Gold Reverses Higher This Morning, Gold Rises from Low Water Marks

Gold has risen the past few hours as it has reversed off low water marks. The precious metal is near 1285.00 U.S Dollars an ounce and has proven volatile. Traders may continue to face speculative range movements within Gold today as an equilibrium is sought out by investors.

Manufacturing Numbers from Philly Fed, Weekly Unemployment Data

The Philly Fed Manufacturing Index may provide traders with some interesting data when it is published at 14:30 GMT.

• 12:30 PM GMT U.S., Unemployment Claims
• 14:30 PM GMT U.S., Philly Fed Manufacturing Index

Yaron Mazor is a senior analyst at SuperTraderTV.

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