US futures and EU markets are near the flat line this morning, the S&P 500 is lower by 0.65% and the Nasdaq is at minus 0.2% while the leading EU index, the EURSXX50 is down 0.12% as investors await US news and more data on the coronavirus spread across the US. FX markets are trading a low volume pro-dollar session, the DYX is up 0.45% and trading at 97.56 this morning, up more than 1% over the past two trading days. Gold is trading at $1,769 per ounce, down 25 dollars from yesterday highs on profit taking at 2020/8-year highs and on the stronger dollar while Silver is sharply lower as well, trading at $17.55, down 2.2%. Oil Inventories and the pullback in US and EU markets sent OIL prices lower yesterday and they are pulling back this morning as well, trading at $37.36 this morning, down another 1.63% ahead of US news later on the day.
US GDP, Durable Goods orders and Unemployment Claims all at 8:30 am are the important news on the agenda Thursday, (all times EST).
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Gold is at down 2% from 8-year highs this morning after profit taking and the move into the US dollar by investors yesterday following global equity markets rout.
Nasdaq futures are flat this morning ahead of Unemployment Claims, GDP data and durable goods orders, all coming out at 8:30 am US.
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