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Can Wall Street Turn in a Positive Day?

Asian markets advanced and the Yen has been strong versus the U.S Dollar. European equities have found buyers as the Euro and Pound have lost some value.

Yen Remains Strong versus U.S Dollar, Wall Street Disappoints Again

Asian equity markets gained after early headwinds. Although the Nikkei and Topix Indexes only produced slight climbs, they accomplished this as the Yen stayed strong versus the U.S Dollar. The Japanese currency is below the 106.00 juncture. Japan will release Revised Industrial Production data tomorrow. Wall Street is expected to open in positive territory via the calls from Future Markets, but the three major Indexes proved disappointing yesterday and equities have been negative this week in the States. The U.S Dollar remains a focal point for investors as the Federal Reserve’s monetary policy awaits next week.

Investors Tapping the Brakes Loudly, Bull Market Sentiment Being Tested

European equities have been positive early, and this has occurred as the Euro and Pound have remained rather subdued against the U.S Dollar. The Euro is near 1.2360 and tomorrow’s Consumer Price Index figures from the European Union will have an impact on the currency before going into the weekend. Broad market sentiment remains rather cautious as investors seek clarity regarding the Federal Reserve’s outlook on interest rates. After a year of steady bull markets via Wall Street investors seem to be tapping the brakes as they collectively take a wait and see approach near term.

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Fed Manufacturing Data from States Coming, Unemployment Claims Today

The weekly Unemployment Claims from the U.S will get attention upon their release at 12:30 GMT.

  • 12:30 PM GMT U.S, Philly Fed Manufacturing Index
  • 12:30 PM GMT U.S, Unemployment Claims

Yaron Mazor is a senior analyst at SuperTraderTV.

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Yaron Mazor

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. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.