US S&P 500 futures are higher by 1.44% this morning and EU markets are higher by 2% as well, following the positive news coming from US biotech company Moderna, that announced last night a successful covid-19 vaccine early trial. The news sent the US futures sharply higher with Airlines, Travel and Leisure stocks jumping on the news 8% on average. The Japanese NIKKEI closed the session up 1.6% as well. The dollar responded with a move lower as FX markets responded to the news with a move to the growth currencies, the AUD/CAD. The dollar index is at 95.88 this morning, down 0.41%. Gold is trading lower on the move out of “safe heavens”, trading at $1,808 per ounce, down 0.45% and Silver futures trade this morning at $19.71 per ounce, up 0.95%. OIL will be under pressure today, the release of US OIL Inventories and OPEC+ JMMC meetings are set to create a potentially volatile trading environment on top of the positive coronavirus vaccine news. OIL is trading higher by 1.45% this morning, at $40.87 per barrel.

CAD BOC Rate Statement and Overnight rate at 8:30am, OIL Inventories at 10:30 am, and US Beige Book at 2:00 pm are the important news on the agenda Wednesday, (all times EST).

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
15.7.200.85%-0.38%0.2%0.58%-0.4%1.4%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
0.08%0.19%0.88%0.51%-0.32%0.95%-0.4%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.41%1.8%1.96%2.36%1.97%1.59%-1.29%
1 YEAR3.27%-17.3%
-9.39%-4.5%5.87%24.06%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
       
OIL39.0681,66010/740.5SL changed
       
EURAUD62360.831013/76236SL changed
       
       
OPEN PROFIT  $1,970   

S&P 500 futures are welcoming the news from US biotech Moderna that reported last night positive results for its coronavirus vaccine trials, sending airlines and travel stocks sharply higher this morning. 

OIL will be in focus for investors today following OPEC+ meetings and the release of US Inventories at 10:30 am this morning.

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