The S&P 500 and Nasdaq 100 futures are trading marginally lower this morning, down by 0.25% for the S&P 500 and down 0.01% for the Nasdaq 100 as investors seem spooked by the strength of the US dollar over the past three trading days, since the FED meeting on Wednesday. EU markets are trading lower on global commodities weakness as well, the EURSX50 is lower by 0.67% and the heavy weighted commodities FTSI 100 is lower by 1.11%. The dollar is trading near the 92 level versus majors this morning, at 2-month highs, up 2% over the last four days. Gold and Silver are rebounding some of the week steep loses, Gold is trading at $1,792 per ounce, up 1.11% and Silver is trading at $26.25 per ounce, up 2.22%. Oil prices are lower this morning, trading at $70.6 per barrel, down 0.66%, as investors fear the strength of the US dollar will put some cap on the expected demand curve. Oil price are flat for the week and trading marginally lower from 2021 highs.
There is no important news on the agenda Friday. (all times GMT).
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EU markets are lower this morning as investors are spooked by the dollar strength over the past three days.
Gold and Silver are rebounding higher this morning following the FED meeting rout as the dollar strength seems to be loosing steam.
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