US futures and EU markets are marginally lower this morning on profit taking, that’s after the strong close Friday on the better than expected job report found investors in the technology sector back above all-time highs levels reached before the corona crisis. The EURSXX50 is not even close to full recovery however the futures in Europe are up for the 11 out of the past 12 trading days, showing the trust of investors in the EU recovery plan and German economy leadership. FX markets are opening the trading week flat, the dollar index is at 97.8 this morning, flat over the past 4 trading days and looking weak ahead after a 4% pullback over the past 3-weeks.Gold and Silver are recovering this morning following the weak close Friday, Gold is trading at $1,699 per ounce, up 1%, and Silver is at $17.83, up 1.95%. Oil trades at $39.91 per barrel this morning, up 1% and a pullback is due after the 6-weeks of rally/recovery from all-time lows.
ECB President Lagarde speech at 9:45 am is the important news on the agenda Monday, (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
The technology sector is back to all-time highs level, led by a strong 3-month V-shape reversal, up 27% over the past 12 months, and leading all global indexes.
The EURSXX50 is up 15% over the past 4-weeks, showing strength after the EU recovery plan kicked in and on pace for another record month for the index.
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.