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
1 YEAR-9.97%-14%
Swing report
OIL35.4310601/635NEW POSITION

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.

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