EU equity markets and US futures showing strength this morning looking at the 4th day in a row in the green and at the best week for global equity markets since 2008. EU markets are up near 2% on average this morning following another strong US close last night as investors expect the stimulus programs to kick in despite the growth in corona virus cases in the US and Western Europe and the unclear path towards moving back to normality. FX markets voted for another “safe heaven” day as EU currencies and the JPY gained versus the dollar that lost another 0.5% in the process, down now 5 out the past 6 trading days. The dollar index is at 99.58 this morning, at two-week lows. US jobless turn a staggering 3.28 million claims however the markets looked passed that number and rallied for the biggest 3-day gain since 1931. The stimulus bill signed by the Senate last night contributed to the rally in equities as well. Gold traded lower on the markets rally yesterday, trading at $1,625 this morning while Silver traded mostly sideways, at $14.61 per ounce this morning. Oil looks vulnerable as the global lockdown intensifies and demand for gasoline and energy products is showing a 20% big drop, closing at $23.14 per barrel yesterday, according to IEA. 

There is no important news on the agenda Friday, (all times GMT). 


Global Markets 24 hours wrap-up
1 YEAR-12.42%-19.16%-14.29%-14.28%-9.31%-0.89%
Swing report
DINDEX99.5412028/398.89new position
 OIL22.7515-10028/323.5new position
OPEN PROFIT  $-80   

The US dollar is looking stronger this morning after a 4 day pullback as investors took profits from 2020 highs for the index and moved into the CHF and JPY.

OIL prices dipped to historic lows this week as investors fear global demand will plummet on the corona virus major cities lockdown and OPEC+ lack of response.

Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.