The U.K has seen a good Home Price Index report. Wall Street begins its day in record territory and jobs data will come from the States.
S&P and NASDAQ Break Records, Investor Sentiment Strong in States
The S&P and NASDAQ led Wall Street yesterday, and the major Indexes broke record highs. Investor sentiment remains bullish following the New Year’s holiday. Traders are geared for employment data in the States, the weekly jobs numbers are today and tomorrow the monthly figures will be released – including the Average Hourly Earnings.
Nikkei Index Powers Ahead with +3% Gain, China Services Data Solid
The Caixin Services report from China produced a solid reading this morning, however, the good economic news from the nation has been overshadowed by the huge gains made by Japanese equities. The Nikkei Index has powered higher more than 3 percent today. And the Yen has been weaker against the U.S Dollar. Monetary Base data will come from Japan early on Friday.
Ripple is the Second Biggest Cryptocurrency as it Surges 40%
Ripple’s rally continues on Thursday as prices rise 36% at the time of writing. The coin is currently trading at 3.81, with a market cap of 147B. Ripple start the year below 2$ and the rally continues as Ripple’s technology and recent cooperation with big firms attract investors’ attention.
Good U.K Home Price Index, Euro Traders Waiting for Tomorrow’s CPI
The Nationwide Home Price Index in the U.K produced a surprisingly strong increase this morning of 0.6% compared to its expected gain of only 0.1%. The result may soothe investors who didn’t like yesterday’s Construction figures from Britain. The Pound has range traded early today, but faced some headwinds and is near 1.3525 against the U.S Dollar. The European Union will publish its Flash Estimate for it Consumer Price Index tomorrow and its results will impact the Euro.
Stiff Resistance Pushes Gold Back, Traders Ready for Fast Conditions
Gold has run into stiff resistance. After testing higher realms the commodity has been pushed back slightly and is trading near 1310.00 U.S Dollars an ounce. However, Gold remains well within the upper tier of its short-term range and traders should be ready for volatility to emerge.
Jobs Data Parade Begins Today, Crude Oil Inventories Data on Calendar
Investors will look at the weekly Unemployment Claims figures with interest, which will be released today at 13:30 GMT.
- 13:15 PM GMT U.S., ADP Non-Farm Employment Change
- 13:30 PM GMT U.S., Unemployment Claims
- 16:00 PM GMT U.S., Crude Oil Inventories
Yaron Mazor is a senior analyst at SuperTraderTV.
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