Wild Week a Certainty for U.S. Markets, White House at Center of Storm This is sure to be a wild week for U.S investors who will have to digest incoming
This is sure to be a wild week for U.S investors who will have to digest incoming news regarding the ‘Russian influence investigation’ today and decision about the next Federal Reserve Chairman.
And while Wall Street remains near highs and the U.S Dollar has been strong, traders also need to consider the Federal Reserve’s monetary policy statement coming on Wednesday, Non-Farm Employment Change numbers on Friday, and a coming trip to Asia by President Trump. Cautious trading may be seen on U.S markets today.
Retail Sales numbers from Japan came in fractionally below their estimated result this morning. Japanese equities and other Asian markets have turned in tentative trading to begin the week. The Yen has range traded and is near 113.50 against the U.S Dollar. The Bank of Japan will release their Policy Rate and outlook tomorrow, but no major changes are expected.
The Euro remains bruised and is near the1.16 level against the U.S Dollar. The Pound is in the spotlight because of the Bank of England’s upcoming interest rate decision on Thursday. Net Lending to Individuals data will be released today from the U.K, along with growth and inflation numbers from Spain.
Crude Oil has advanced and shown the capability of higher values. U.S Crude Oil finished within sight of 54.00 U.S Dollars a barrel. Investors may continue to remain speculative with the commodity on the belief trading demand for the commodity will continue to rise in the near term.
U.K. Consumer Borrowing Data, U.S. Spending Numbers Coming
Personal Spending data from the U.S at 12:30 GMT will be released and its results will be monitored closely.
Yaron Mazor is a senior analyst at SuperTraderTV.
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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.