US markets are trading near their flat line this morning, that’s despite the China tensions and the local unrest in some major cities across the US. EU markets are higher by 0.75% this morning and Asian markets traded higher across the board led by gains in the NIKKEI222 and the CSI300. FX markets had little reaction to the decision by Goldman Sachs to short the dollar on expectations of better performance else were in the world, mainly looking at the NOK long for the trade. The dollar index is at 98.16, down 0.2% and lower over the past 6 trading days from the 100 level. Gold and Silver will most likely be winners near term on dollar weakness, Gold is trading at $1,742 per ounce this morning and Silver is at $18.56, up 0.55%. Oil prices are near the flat line this morning, trading at $35.41 per barrel, at 9-week highs and looking strong as more economies return to normal after the long lockdowns are pretty much a part of history and OPEC+ is considering more production cuts to support prices.
US ISM Manufacturing PMI at 10:00 am is the important news on the agenda Monday, (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
OIL showing great strength on daily and bull-flag on intraday after the stellar run from 2020 lows in 5 weeks.
Nasdaq futures are pointing marginally lower this morning as investors say put despite the head winds and the return to all-time highs levels from before the corona crisis.
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.