news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Traders Bracing for Important Economic Data, Stocks and Gold Down


Shutterstock photo

The U.S Dollar has been stronger, and Wall Street is within record territory again. Europe will release GDP data tomorrow.

Busy Week Awaits U.S Traders, U.S Dollar Stabilizes in Forex

It will be a hectic week for market participants. Personal Income and Spending data will be released today, but President Trump’s State of the Union speech looms late tomorrow, and the Fed will release its monetary policy statement on Wednesday. Also in the cards, will be the jobs numbers which will come on Friday. The U.S Dollar has stabilized in forex against the major currencies, and on Wall Street bulls are still running wild.

Shanghai Shenzhen Takes a Hit, Cautious Selling Grows in Asia

Asian equities turned in rather cautious results as selling grew in intensity late in today’s trading session. The Yen remains below the 109.00 level versus the U.S Dollar. Tomorrow inflation and retail data will come from Japan. The Hang Seng and Shanghai Shenzhen composites lost value today, but both composites have posted solid gains the past month.

U.K Political Storms Brewing Again, E.U Growth Numbers Coming Tomorrow

The European Union will release Flash Gross Domestic Product data tomorrow. The U.K and E.U, however, will be very quiet today with no significant economic reports. But the Euro and Pound remain intriguing as they get challenged by those who question the strong gains they achieved last week. And U.K political infighting is escalating within the Tory government led by Theresa May and should be given attention.

Gold Retreating from Highs, Headwinds Prevalent for Precious Metal

Gold has remained under pressure this morning and is near 1346.00 U.S Dollars an ounce. The precious metal has retreated from its highs made early last week and has faced headwinds the past few days.

U.S Personal Income & Spending Reports, Japanese Inflation Data Tomorrow

U.S traders will pay attention to the results via the Personal Spending data at 13:30 GMT.

  • 13:30 PM GMT U.S, Personal Spending
  • 13:30 PM GMT U.S, Personal Income

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.

This article was originally posted on FX Empire

More From FXEMPIRE:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Referenced Symbols: SPX
No Comments

Post A Comment