The Dow Jones Industrial powered higher on Tuesday. Traders in the U.S will see Import Prices and Crude Oil Inventories today, but they may be looking ahead to Friday’s Consumer Price Index and Retail Sales figures.
Dow Jones Industrials Pushes Forward, Traders Looking Ahead to Friday
Import Price statistics will come from the U.S today. However, investors will keep their eyes on Wall Street after the Dow Jones Industrials enjoyed another day of gains yesterday along with the other major Indexes as risk appetite continues to show its teeth. And traders may begin looking ahead to Friday’s important inflation and Retails Sales figures from the States.
Inflation Data from China Hits Targets, Yen Stronger against U.S Dollar
Inflation reports via Consumer and Producer Price Index data essentially met expectations in China. Money Supply and New Loans statistics will come from China tomorrow. The Yen has been stronger against the U.S Dollar and is below the 112.00 juncture, while the Nikkei Index saw cautious selling today.
French Data Misses Target, ECB Publication Tomorrow Waited On
French Industrial Production came in with a minus -0.5 result this morning, which was slightly worse than expected. The Euro, along with the Pound, has remained under pressure early, but this has more to do with profit taking after the gains both currencies made against the U.S Dollar over the holiday season. The European Central Bank will issue their Monetary Policy Meeting Accounts report tomorrow. And Industrial Production data will be brought forth for the entire European Union.
Volatility in Gold Expected to Increase, Precious Metal Rebounds
Choppy trading has been seen in Gold this morning. After being taken to short term support levels, the precious metal has rebounded slightly and is near 1313.00 U.S Dollars an ounce. Gold remains speculative and traders should be ready for volatility.
Building Permits Figures from Canada, U.S Supply Data for Crude Oil
Crude Oil Inventories numbers will come from the States for interested commodity traders at 15:30 GMT.
- 13:30 PM GMT Canada, Building Permits
- 13:30 PM GMT U.S, Import Prices
- 15:30 PM GMT U.S, Crude Oil Inventories