Friday’s Nonfarm Payrolls data was much stronger than expected. The data showed that 321,000 jobs were created over the past month, much above the expected 225,000. Figures pushed markets higher but gains were limited as the data also fueled expectations that the Federal Reserve could hike interest rates sooner than expected.

Asian markets climbed across the region. The Nikkei finished with small gains of 0.08% as the Dollar continued to climb against the Yen, reaching levels not seen since 2007 and climbing above the key psychological level at 120. Gains were limited, however, due to a range of negative data out of Japan.

European markets are lower today as the data from Asia heightens fears over global growth.

Oil continues to decline as the U.S Dollar strengthens. Weak data out of Asia lowered demand for the commodity and pushed prices lower. This came after Saudi Arabia cut its export prices to Asia and the US late last week.

Gold dropped following the strong NFP data but has since regained some of its losses. The market is now weighing up the potential increase in US interest rates against stimulus measures in Europe and Asia. As there are no important economic events today the metal is expected to trade choppy.

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US markets climbed and reached record levels again. Energy, Materials and Industrials shares gained as oil prices rebounded slightly.

Asian markets were higher across the region. The Nikkei gained 0.94% as the Dollar continued to appreciate against the Dollar nearing the key psychological level of 120.

European markets are mixed today ahead of the ECB interest rate decision and press conference. Markets expect that a decision could be made to increase stimulus. The report will be released at 12:45pm (GMT) and the conference will be at 1:30pm (GMT).

Oil gained slightly after the EIA reported a bigger than expected decline in inventories. Crude inventories dropped by 3.7 million barrels during the past week, however, distillates and gasoline inventories climbed. OPECs decision still lingered on the market and the price is expected to decrease further unless production is cut.

Gold is ranging despite the stronger Dollar. Traders are hesitant ahead of the NFP report which will be released on Friday after a number of mixed reports this week. It is still expected that interest rates could be increased sooner but as stated by Fischer earlier in the week, any changes will be dependent on data.

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US markets climbed after strong Construction Spending data and auto sales. A speech from the Vice Chairman of the Fed, Stanley Fischer, also rocked markets.

Asian markets were mixed today. The Nikkei climbed 0.32% as the Dollar strengthened further against the Yen, climbing to 119.2.

European markets are mixed today. Markets are awaiting tomorrow’s press conference from the ECB as they expect the bank to increase stimulus measures.

Oil declined after reports that Iraq had made an agreement with the Kurdish government. Worries surfaced that oil production could increase and add even more supply to the market. The price declined despite a report from the API which showed US supplies decreased by a higher amount than expected. The EIA will also be releasing inventory data at 3:30pm (GMT) today.

Gold declined as fears over low oil prices subsided and the Dollar rallied. The metal is currently trading around $1200/barrel as the market searches for direction. Traders should focus on US data later in the session including the ISM Non-Manufacturing PMI and Beige Book release.

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US markets dropped as technology companies declined while Asian markets climbed across the region.

European markets are higher today with energy companies rising. Attention will now turn to Thursday’s European Central Bank meeting. Investors widely expect the bank to introduce new stimulus measures.

Oil dropped to a 5 year low and then rebounded. The decline was caused by OPECs decision to maintain the current rate of output after a period of higher supplies and lower demand. Traders believed that losses were overstated and the price is now trading around $69/ barrel. The API will release inventory data at 9:30pm (GMT) and if supplies are higher once again the price could fall back down.

Gold dropped to a 4 year low but then rallied and climbed 7%. Gains were seen as the stock market declined and the Dollar experienced a sell off. Demand for the safe haven asset also increased after Moody’s downgraded Japans rating igniting fears over the global economy.  The outlook for the Metal is still bearish and traders should focus on Yellen’s comments today at 1:30pm (GMT) as she could spark short term volatility.

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US markets climbed higher and closed at record levels once again. Volatility was lower as many traders taking an early weekend for the Thanksgiving holiday.

Asian markets were mostly lower. The Nikkei dropped 0.78% as the Dollar weakened against the Yen.

European markets are higher today after the release of positive data from Germany.

Oil dropped to a new four year low ahead of OPEC’s meeting. The meeting will occur in Vienna today and traders are eager to learn if they decide to cut output in response to climbing supply and falling demand.

Gold dropped sharply during the Asian session despite the release of negative US data. However, the metal then regained its losses and is trading choppy once again. Traders are awaiting the Swiss referendum which will take place on Sunday. As the US market is closed today we can expect low volatility.

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