Yahoo Finance Important Week Ahead: Political Developments and Dynamic Markets
Political elements will prove strong this week as Washington handles tax reform, the U.K deals with the Brexit and Germany negotiates coalition talks. OPEC will conduct production meetings mid-week. Dynamic trading should be expected via impact from developments surrounding these political elements.
Washington Politics will Heat Up, Dynamic Traded Expected on Wall Street
Wall Street went on the weekend with mixed signals, but many investors were absent because of the Thanksgiving holiday. Which means trading today will be uncertain, as market participants take into consideration Washington politics, which will reverberate mid-week with tense negotiations about tax reform sure to be heard. New Homes Sales data will come from the U.S today.
Reversal Lower for Asian Equities, Yen Range Trading Early
Asian markets have reversed lower this morning after opening with initial gains. The Nikkei has seen selling pressure, but the Yen has continued to range trade against the U.S Dollar. Retail Sales data will come late on Tuesday from Japan. Later this week manufacturing statistics will come from China.
Political Shadows in Germany & U.K, Bank Stress Tests from U.K Tomorrow
Political concerns will impact European traders today and tomorrow as coalition talks in Germany continue to develop. Also, Brexit negotiations between the U.K and the European Union are growing louder. Prime Minister Theresa May has warned the E.U it must be more flexible, but there is no clear end game in sight. Bank Stress Tests Results will come from the U.K tomorrow.
Important Week for Crude Oil, OPEC Meetings will Impact Prices
Crude Oil prices will be speculative as Opec gets set to conduct meetings mid-week. An extension of cutbacks from the largest oil producers will be needed to sustain the value of the commodity. U.S Crude Oil is near 59.00 U.S Dollars a barrel as trading begins today.
Housing Sector News, Federal Reserve Member Kashkari at Conference
The U.K will present its growth results via the Second Estimate GDP report at 9:30 GMT.
15:00 PM GMT U.S, New Home Sales
22:30 PM GMT U.S., Fed Member Neel Kashkari Speaking
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
