US S&P 500 futures are higher by 0.85% this morning, and Nasdaq futures are up 1% as bond yields retreat from the 1.6% to the 1.54% level. EU markets are trading higher as well, bucking yesterday strong close with a 0.45% move in the EURSX50 and 0.57% move higher for the FTSI 100. Asian markets closed their overnight trading session mixed, the CSI 300 lost 2.15% while the NIKKEI gained 0.99%. The dollar index is lower on bonds, trading at 92.5 versus majors, down 0.29%. Most other FX markets are trading higher for growth currencies versus “Safe heavens”, led by the 0.88% AUDJPY gains. Gold and Silver are higher on the weaker dollar, Gold trades at $1,704 per ounce, up 1.45% and Silver trades at $25.51 per ounce, up 1.88%. Oil prices are higher after the pullback from 14-month highs yesterday, trading at $65.44 per barrel, up 0.61% as investors like the prospects of a recovering US economy and an expected drawdown in US inventories, set to be released tomorrow morning at 10:00 am.
There is no important news on the agenda Tuesday, (all times EST).
|Global Markets daily recap|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
|OIL||66.85||10||1,950||8/3||66.9||stop loss changedt|
US Futures turned positive this morning as interest rates ease and the stimulus final approval loams.
OIL is trading near the flat line after a pullback from 14-month highs yesterday, and ahead of the Inventories numbers tomorrow morning.
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