US S&P 500 futures and EU markets are trading marginally higher this morning, the S&P 500 futures are up 0.13% and the EURSXX50 is higher by 0.28% as markets face a dull agenda today and this week overall and the economic focus stays on the US stimulus plans, set to be pushed forward by US president Trump. FX markets are opening the week near the flat line, the dollar index trades higher this morning by 0.2%, following the better than expected NFP numbers Friday, the index is at 93.61 this morning, and up versus “safe heavens”. Asian markets closed a mixed session overnight, while the Japanese markets were close for a holiday. Gold and Silver are trading near the flat line this morning after the pullback Friday, Gold is at $2,033 per ounce, up 0.12% and Silver trades at $28.24 per ounce, up 1.1%. Oil trades higher by 1.5% at $41.8 per barrel, after last week pullback, that’s on a positive report by Saudi firm Aramco, citing strong Asian demand, and output cuts set to be imposed by Iraqi producers, to compensate for the last 3-months over production in the region.
There is no important news on the agenda Monday, (all times EST).
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Gold and Silver are lower from all-time highs levels this morning, as investors look at the pair and the dollar for forward trade decisions.
The JPMorgan bet on the slumping US dollar is working, the dollar is higher versus “safe heavens” following the better than expected job report Friday.
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