The S&P 500 futures and the EURSXX50 index are trading marginally lower as markets open September after a stellar August performance, global markets had one of their best August on records led by the tech rich Nasdaq, up 9.6%, the S&P 500 up 7% while the German DAX closed the month up 5.73% and the Japanese NIKKEI closed August up 6.58%. Next on the agenda the historically weak September and the NPF numbers ahead of the Labor-day weekend this coming Friday. The dollar is trading at 27-month lows versus majors, the dollar index lost another 0.33% this morning and is trading lower at 91.85, down 4-months in a row. Gold and Silver are the beneficiaries of the dollar weakness, gold is higher by 1% and trading at $1,978 per ounce while Silver trades at $28.55 per ounce, up 1.55%. Oil is trading higher on markets optimism and the weaker dollar, up 1.13% to $43.12 per barrel this morning, pressured by the FED decision last week to loosen its inflation policy, making dollar priced commodities cheaper for global markets investors near term.

US ISM Manufacturing PMI at 10:00 am is the important news on the agenda Tuesday, (all times EST). 

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
1.9.201.04%-0.08%0.32%0.42%1.1%1.13%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.37%0.43%0.21%0.11%-0.44%1.87%-0.84%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.35%0.44%-1.32%0.13%0.41%-0.01%0.54%
1 YEAR9.37%-17.81%
-9.57%-3.8%11.75%27.44%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
GOLD1943602,65027/81980SL Changed
       
EURUSD18221-62520/81885stopped out
       
       
       
OPEN PROFIT  $2,650   

The Nasdaq futures are looking at another all-time highs break after the split in the Tesla and Apple stock yesterday.

Gold prices are looking back at the 2K level after the dollar index took another downturn this morning. 

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.