Washington politics will stay in focus as politicians try to agree to a tax reform package. The Federal Reserve is expected to increase their interest rate on Wednesday. Tomorrow Consumer Price Index data will come from Britain. Asian markets have gained today via stocks.
Wall Street Expected to Open with Gains, Interest Rate Hike Anticipated
U.S investors will have their eyes on the Federal Reserve’s monetary policy statement which will be delivered on Wednesday and the anticipated interest rate hike. Wall Street is expected to open with gains today according to the Future Markets. Tax reform talks continue in the U.S, and Washington politicians will be watched in the coming days for further details.
Bitcoin Futures Surge on Cboe in the First Day of Trading
Bitcoin prices continue to climb after the Cboe launched the first Bitcoin future last night. Bitcoin futures rose as much as 25% in early trading but eased off slightly and currently trading at 17900, up +15%.
Japanese Data Proves Negative, China Money Supply Numbers Tomorrow
Equities in Asia were positive today, following up on their solid trading session before going into the weekend. But data from Japan was lackluster as Money Stock, Manufacturing and Machine Tool Orders all proved slightly negative. However, the Yen has remained on its weaker legs and is near 113.40 against the U.S Dollar. China Money Supply numbers will be released tomorrow.
German Economic Sentiment on Tuesday, Consumer Price Index from U.K
Data has been very light from Europe today, but tomorrow the U.K will release Consumer Price Index results, and Germany will see an Economic Sentiment reading. The Bank of England and European Central Bank are also in focus as traders await Thursday’s important announcements. European equities started the day with gains and the Dax is now positive the past month of trading.
U.S Crude Oil Remains Cautious, Lower Range Still Being Tested
Crude Oil is trading above the 57.00 U.S Dollars a barrel mark. However, trading remains rather cautious as the commodity remains within the lower depths of its short-term range.
Bond Auction in States, More Jobs Statistics from U.S Today
The Jolts Job Openings data will be released from the States at 15:00 GMT for interested traders.
- 15:00 PM GMT U.S, JOLTS Job Openings
- 18:01 PM GMT U.S., Ten Year Bond Auction
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
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