S&P 500 Futures and Nasdaq futures are higher by about 0.5% this morning after yesterday rally in US equity markets while most of EU is trading a flat session awaiting the ECB Press conference later on today and Asian markets traded higher as well overnight. Investors will eye the ECB press conference expecting more stimulus and updates on the effects and impact of the coronavirus on the EU economy. FX markets trading a flat session this morning, the dollar index is down 0.04% at 99.54 this morning, down 5-days in a row. Gold and Silver are trading higher on the weaker dollar and the rally in commodities, Silver prices are up 2.8% to $15.57 while Gold is up $15, trading at $1,728, up 0.9%. OIL Inventories showed minor rise in fuel demand, sending WTI up 13.5% this morning and trading at $17.03 pre barrel. Investors now expect demand to steadily climb and prices to fluctuate between $15-$20 per barrel near term. US crude inventories grew by 9 million barrels to a record 527 million barrels, according to a IEA report yesterday.

The ECB monetary statement and Press Conference starting at 12:45 pm and US Chicago PMI at 2:45 pm are the important news on the agenda Thursday, (all times GMT). 

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
30.4.200.21%0.22%0.28%-0.22%0.95%14%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.04%0.02%0.15%0.37%-0.41%2.74%-1.5%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.04%-0.05%-0.13%0.23%-0.08%2.14%1.18%
1 YEAR-10.13%-17.9%
-16.13%-14.88%-9.28%-0.02%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
OIL13.99103,12029/416.04SL CHANGED
       
       
       
       
       
OPEN PROFIT  $3,120   

OIL climbs another 14% this morning on signs of demand rebound and a lower than expected Inventories number posted by IEA yesterday.

Nasdaq futures are pointing higher this morning as investors applaud the array of better than expected earnings, while DAX is flat ahead of the ECB press conference later on today.

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.