Positive Global Sentiment after Wall Street Record Breaking

Euphoric investor sentiment is strong in the States. An Ifo Business Climate survey will come from Germany today. Asian markets have been cautious this morning.

Record-Breaking Performance on Wall Street, Investor Euphoria Strong

Wall Street continued its record-breaking performance on Monday. The Dow Industrials will start the day near 24,800. The tax reform package promised by the Trump administration is approaching a critical vote. Housing sector data will come from the States today. Investor sentiment remains euphoric as the Christmas holiday nears.

New Zealand Business Confidence Falters, Caution on Asian Indexes

A Business Confidence reading from New Zealand published today was negative. But the impressive gains made yesterday in Asia have been largely sustained. However, Japanese equities have been slightly negative and the Yen has continued to trade in a tight range against the U.S Dollar. The All Industries Activity data will come from Japan tomorrow.

DAX Makes Significant Gains, European Data Stays Positive

Consumer Price Index data from the European Union hit its target on Monday and Italian trade figures showed an improvement. Today a German business survey will be released. The Dax and other European Indexes made positive moves yesterday, and have opened with solid trading. The Euro and Pound have made incremental gains against the U.S Dollar the past day.

Gold Holds onto Yesterday’s Gains, Prominent Resistance in Sight

Gold has managed to hold onto gains made on Monday. As of this morning, the precious metal is near 1262.00 U.S Dollars an ounce, which is near prominent resistance and certain to face a test from speculative elements.

Business Survey from Germany, Building and Housing Date from States

Traders will be keen to see the results at 9:00 GMT via a Business Climate report from Germany.

• 9:00 AM GMT Germany, Ifo Business Climate
• 13::30 PM GMT U.S., Building Permits
• 13:30 PM GMT U.S., Housing Starts

Yaron Mazor is a senior analyst at SuperTraderTV.

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