Equities trade mixed post Trump

Equity markets continue to move between gains and losses as we see market participants still trying to make heads or tails of the recent Trump speech in which he surprised markets by not mentioning fiscal policy or the economy. Wall street decided on a prudent approach as we saw all three major indexes close in the red. Today’s key US data should give us a clearer direction with markets on the lookout for any positive news to drive equities higher. Worse than expected news will lead to continued pressure on equities as they slide further form their all-time highs.

 

13.01.2017 13:30 US Equities Retail Sales m/m US Indexes

 

Desperate British Pound looks to key data for respite

With the GBP being hammered lower over the last few months in the wake of the Brexit decision, we have seen the buyers of sterling being squeezed to painful lengths as the currency continues to devalue. Recently the currency has managed a slight pop higher but this all looks in vein as the selling pressure continues to mount. Today’s key data will either put the final nail in the coffin for the GBP should it disappoint markets, sending it spiraling lower or help keep it bid, if we see a beat in expectations, much to the delight of buyers.

 

13.01.2017 09:30 GBP BOE Credit Conditions Survey GBPUSD

 

US Dollar warms up for bumper day

Today is a bumper day for the USD as we see the release of several key figured which are sure to cause nice movements in the FX, commodities and equities markets. The figures range from Retail Sales to Consumer Sentiment figures which all promise to have traders licking their lips. The release will take place at three different times, giving the potential for 3 great opportunities to trade the US news. Better than expected data will see the USD climb while gold slumps and worse than expected news will see the USD slide while gold climbs.

 

13.01.2017 15:00 USD Prelim UoM Consumer Sentiment USDCHF