US futures pared losses following yesterday late selloff and are up 1% on average this morning while EU markets are trading a flat session and Asian markets traded mostly sideways overnight. FX markets are trading a mixed session as well, most FX markets are going thru a low volume flat session, the dollar index is losing 0.1% this morning and trading at 99.29. Commodities markets are trading higher on the weaker dollar, Gold is at $1,752 per ounce this morning, up 0.4% and Silver is trading at $17.84 per ounce, just above the flat line. Oil will be in focus for investors on the inventories numbers set to be released at 10:30 am US, expecting another drawdown in US inventories and better demand as more markets emerge out of the lockdown situation and production cuts by OPEC+. Oil is trading at $32.22 per barrel this morning for the July contracts, after a close of $32.22 per barrel for the June contracts that expired yesterday.
US Oil Inventories at 3:30 am and the FOMC Meeting minutes at 7:00pm are the important news on the agenda Wednesday, (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
Nasdaq futures are higher this morning and on pace to erase all the losses following the Covid-19 crisis. The Nasdaq is up 19.2% going a year back vs 3% for the S&P500 and -6% for the DJ index.
The Australian dollar trades higher versus majors as investors taste for risk increased over the search for “safe heavens”.
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.