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
1 YEAR-8.64%-18.38%
Swing report
AUDUSD6526152019/56500NEW POSITION
OPEN PROFIT  $520   

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”.

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