US futures and EU markets are trading sharply higher this morning, after the Fed announced additional measures to help the market, buying individual corporate bonds amongst the measures. President Trump announced a 1 Trillion dollars infrastructure bill proposal, all that in another attempt to revive the US economy. US futures are higher by 1.4% this morning while their EU counterparts are trading 2.97% higher for the EURSXX50 index. The dollar index is at 96.17 this morning, up 0.07% after dropping nearly 1% late Monday. The growth currencies, the CAD and AUD are gaining versus majors this morning. Gold is trading at $1,734 per ounce this morning, up 0.3% and Silver is trading higher as well, up 0.8% at $17.55 per ounce. Oil reversed early yesterday selloff with a sharp move higher, up 2% and trading at $37.81 this morning as investors expect improved demand after the IEA, the International Energy Agency forecasted yesterday an increase of 1/2 million barrels per day over last month estimates, citing better demand over May lockdowns.
US Retail Sales at 8:30 am and Fed Chairman Powell Senate banking committee testimony starting at 10:00 am are the important news on the agenda Tuesday, (all times EST).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
The German DAX in trading 3% higher this morning following the leadership of US futures and ahead of Fed Chairman Powell senate testimony.
Oil prices reversed higher from a double bottom formation on the 1-hour chart following new stimulus programs proposed by the FED and estimates of better demand near term.
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.