US S&P 500 futures and Nasdaq futures are 0.55% and .9% higher respectively while EU markets are flat and Asian markets closed near the flat line as well as investors brace for more earnings and the FOMC meeting coming up this Wednesday. FX markets are trading another weak session for the US dollar as investors looks towards another US stimulus plan, maybe as soon as this week, with the Fed on tap Wednesday. The dollar index trades at 20-month lows this morning, at 93.74, down 0.74% while the beneficiaries of the move are the Euro and the AUD, both sharply higher versus majors this morning. Gold is trading at all-time highs levels as well, at $19,35 per ounce, up 2% on the day while Silver trades at $24.3 per ounce, up 7%. Oil is trading higher as well in expectation of a weaker dollar and despite the increased coronavirus cases globally and the US China tensions. Oil trades at 41.64 per barrel this morning, up 0.88%.
US Durable Goods orders at 8:30 am is the important news on the agenda Monday, (all times EST).
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All-time highs levels for Gold at $1,930 this morning, after the dollar tumbles to 20-month lows, ahead of the FOMC meeting this coming Wednesday.
Both the Euro and the CHF trade at 2020 highs as the dollar index tumbles below the 94 level this morning.
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