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Risk Appetite Shows Signs of Life in Markets, US Futures Rise as Trade War Concerns Ease

The Nikkei Index has put in a positive day of trading as risk appetite has emerged in Asian markets. 

Washington and China Trying to Avert Trade War, Global Equities Stabilize

Global equities have moved away from the cliff this morning as Asian markets proved capable of reversing off lows and producing buying action. The Nikkei and Topix Indexes have seen better values and the Hang Seng composite has also been positive. Wall Street will be watched intently after Friday’s steep declines. The three major Indexes are being called to open higher per the outlook from the Futures Markets. Data will be extremely thin today, but reports are starting to circulate that Washington is quietly approaching China regarding the recent tariffs implemented, and both nations are trying to avert a trade war. It should also be noted European equities have been positive early.

Three Appearances by Fed Participants, Euro & Pound Remain Solid

There will be three appearances from Federal Reserve members today in the States at various venues. Forex has been relatively calm as storms have prevailed in the global equity markets. The Euro remains within its stronger boundaries, and the Pound has also kept up its winning pace against the U.S Dollar. Growth numbers which will come from the States on Wednesday will be the focus for investors this week and forex is certain to react to the Gross Domestic Product results. The Yen has been slightly weaker as risk appetite’s sudden appearance in Asia has spurred on buying of the U.S Dollar against the Japanese currency.

Risk Adverse Trading Eases in Gold, Speculators Looking for Downside

Gold has come off its highs and is near 1345.00 U.S Dollars an ounce as risk adverse sentiment in the broad markets has eased. The precious metal gained well last week, but it is now within the vicinity of important resistance. Speculators may see this as an opportunity to look for more downside from the commodity in the near term.

Fed Members Commanding Spotlight, Dudley in D.C for Panel Discussion

Fed member William Dudley will participate in a panel discussion which will get underway at 16:30 GMT in Washington.

  • 16:30 PM GMT, U.S, Fed Member William Dudley Speaking
  • 20:30 PM GMT, U.S, Fed Member Loretta Mester Speaking

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.