The S&P 500, Nasdaq and Dow futures and EU markets are trading sharply lower this morning, as much as 2% in the red, on an array of negative news led by the increase in coronavirus cases in Western Europe and fears of another lockdown, weakness in global banks due to a US report regarding illegal funds transactions and the US Supreme Court situation. Investors are moving away from equities this morning and stepping into the JPY and the US dollar, both trading higher versus majors in the FX markets. Asian markets closed their overnight session lower as well. The dollar index trades at 93.22 this morning, up 0.42% and the JPY trades at the 104 level versus the dollar, just below 2020 highs. Gold and Silver are lower this morning on the stronger dollar, Gold trades at $1,931 per ounce, down 1.31% and Silver trades at $26.13 per ounce, down 2.55%. Oil is trading lower as well as investors fear the return of EU countries lockdowns while another storm in the Gulf of Mexico is going to cause production disruption following Hurricane Sally production cutdowns. OIL trades at $40.44 per barrel this morning, down 1.96%. 

US Fed Chairman Powell speech at 10:00 am is the important news on the agenda Monday, (all times EST).


Global Markets 24 hours wrap-up
1 YEAR2.82%-20.3%
Swing report
OIL39.61871019/940.49 stopped out
EURJPY122.83112021/9123.5new position
USDDKK6.317021/96.25new position
OPEN PROFIT  $190   

The Nasdaq, the global leading index over the last 5-years took and the leading EU index, the EURSXX50 are sharply lower this morning as investors fear more Covid-19 global cases.

“Safe heavens” are on the rise this morning led by the JPY, as investors stay away from global equity markets.

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.