US S&P 500 and Nasdaq futures are trading at all-time highs levels this morning, the EURSXX50 is trading higher by 0.5% and markets seem content to continue the slow move higher, awaiting the news regarding the US stimulus plans ahead. The FX markets are trading another lackluster narrow range session, the dollar index is trading at 92.37 this morning, up 0.12% versus majors, while most other markets are near the flat line. Gold and Silver are trading lower in another round of profit taking, Gold is at $1,990 per ounce this morning, down 0.74% and Silver trades lower by 1.11% at $27.55 per ounce. Oil will be in focus for investors as OPEC meetings and the Inventories numbers are on tap for investors today. Oil is trading lower by 1.05% this morning, at $42.7 per barrel, as inventors worry about rate of the demand pickup in the US and the stalled coronavirus stimulus package versus the expected decrease in US inventories and the unclear OPEC production path, planed to be set during today meetings.
CAD CPI at 8:30 am, Oil Inventories at 10:30 am, OPEC meetings all-day and the FOMC Meeting Minutes at 2:00 pm are the important news on the agenda Thursday, (all times EST).
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S&P 500 futures and Nasdaq futures are at all-time highs levels this morning.
Oil will be in focus for investors as the Inventories Numbers this morning at 10:30 am and OPEC meetings will pave the path near term for prices.
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