Investors will remain mostly on the sidelines today as the holidays remain in full swing throughout the U.K, Europe, and Canada. U.S markets will be open.
Data from Japan proved interesting with stronger than expected inflation data. The Richmond Fed will release Manufacturing data in the States later today.
U.S markets will open today. Before going into the Christmas holiday the major Indexes lost slight value. However, trading volumes today are likely to remain thin and equities could prove to be uninspiring. Data will come from the U.S via the Richmond Federal Reserve and a Home Price Index. Tomorrow a Consumer Confidence reading will be released.
Asian investors have been extremely cautious early this morning as they participate in their markets. The Yen has seen an extremely consolidated range against the U.S Dollar and is near 113.30. Data from Japan has proven to be interesting however, Household Spending has seen a 1.7% increase, and the National Core Consumer Price Index showed that inflation has risen more than expected.
The U.K and most of Europe remain on official holiday today and markets will be shuttered in most places. While the Pound and Euro will be trading, volumes will be remarkably low. High Street Lending numbers will come from Britain tomorrow.
Commodities often prove to be interesting to trade after the Christmas holiday with low volumes abundant. Some traders may be able to take advantage of sudden price spikes in Gold and Crude Oil today, but they should be careful to monitor the markets for abrupt movements. Natural gas posted significant gains on Tuesday morning.
Home Price Numbers from U.S, Manufacturing Data from Richmond Fed
U.S traders will look over the Richmond Manufacturing Index results upon its release at 15:00 GMT.
Yaron Mazor is a senior analyst at SuperTraderTV.
SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.
Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.