Yahoo Finance UK Inflation Hits Six-Year High, Central Banks Becoming Focus
Asian equities were mixed today. The Euro and Pound have range traded with slight headwinds. The Producer Price Index results will come from the States today, but tomorrow’s Federal Reserve interest rate decision will impact investors and the broad markets as the day progresses.
Federal Reserve Shadowing Broad Markets, Sellers Still Outnumbered
Sentiment on Wall Street was cautious on Monday, but buyers still outnumbered sellers across the major Indexes. An important inflation report will come from the States today, but tomorrow’s Federal Reserve interest rate announcement will start to shadow the broad markets in earnest as the hours progress.
Australian Stocks Rebound Higher, Machinery Orders from Japan Wednesday
It will be a busy day of data early in Asia on Wednesday. Japan will release its Core Machinery Orders results, and a Consumer Sentiment number will come from Australia. Asian equities were mixed today as the Nikkei and Hang Seng Indexes lost slightly, but Australian stocks achieved gains. The Yen has seen very consolidated trading the past day against the U.S Dollar.
U.K Inflation Higher than Forecasted, German Economic Sentiment Drops
Inflation numbers via the Consumer Price Index in the U.K beat expectations today with a gain of 3.1 percent. However, the Retail Price Index for shoppers was lower. The Pound has stayed under pressure this morning against the U.S Dollar as it traverses above the 1.33 mark. A German Economic Sentiment reading released today was below its estimate. German inflation data will be released tomorrow.
Danger in Gold Market for Traders, Gold Pushed Up Against Support
Gold remains dangerous to a trader, particularly for speculators who are looking for reversals upwards. The precious metal continues to be pushed around and is braced against an important support level near 1243.00 U.S Dollars an ounce.
Mario Draghi Speaking at Conference, U.S Federal Reserve Tomorrow
The Producer Price Index data from the U.S could prove to be significant for traders upon its release at 13:30 GMT.
13:30 PM GMT U.S, Producer Price Index
19:00 PM GMT E.U., ECB President Draghi Speaking in Frankfurt
22:15 PM GMT Australia, RBA Governor Lowe Speaking in Sydney
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
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UK Inflation Hits Six-Year High, Central Banks Becoming Focus
