The S&P 500 and Nasdaq futures are marginally lower from all-time highs levels and the EURSXX50 index is down 0.5% ahead of the FED Chairman Powell Jackson Hole speech at 9:10 am EST. Asian markets also traded lower from 2020 record highs levels overnight, the NIKKEI lost 0.35% and the Hang Seng index traded lower by 0.85%. FX markets are trading a flat session as well, the dollar index is up 0.02% at 93 and most FX markets are trading a narrow range low volume summertime session. Gold and Silver are marginally lower in overnight trading, Gold trades lower by 0.41% at $1,940 per ounce this morning, and Silver trades at $27.04 per ounce, lower by 0.62%. Oil is trading another flat session as well. Hurricane Laura makes landfall on the Gulf of Mexico this morning. Oil is trading at $43.11 per barrel as demand worries offset the Gulf of Mexico production shutdowns caused by the Hurricane Laura, worth more than 1.5 million barrels per day, nearly 12% of US total daily production.

US GDP and Unemployment Claims at 8:30 am, FED Chairman Powell speech at 9:10 and US Home Sales at 10:00 am are the important news on the agenda Thursday, (all times EST).

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
27.8.200.36%-0.16%0.35%-0.03%-0.5%-0.41%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
0.17%0.05%0.62%0.46%-0.28%-0.61%1.71%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.02%-0.2%0.04%-0.21%-0.31%-0.35%0.54%
1 YEAR12.35%-15.01%
-6.5%-0.68%13.4%23.96%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
GOLD1943603027/81930new position
       
EURUSD182215020/81885 
       
       
       
OPEN PROFIT  $80   

The S&P 500 broke to another all-time highs record level yesterday and trades marginally lower this morning ahead of Fed Chairman speech at 9:10 am EST.

Gold prices are forming a “bull-flag” intraday pattern awaiting FED Chairman Powell speech today.

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