European Open Market Update
Heritage Adisa, CMSA?
Financial Market Professional | Helping You Understand and Navigate Financial Markets through CFDs.
Happy New Year?
Slight positive start to today’s trading session as markets ignore the rapid increase in Virus cases - new daily case record of 1 million in the US and new restrictions in part of China following low hospitalization and fatality.?
Equities trade higher for now although not by the largest of margins - US500 is up 0.21% intraday but contends with overhead resistance at ATH;?
USOIL trades mostly flat with a downside bias intraday ahead of OPEC+ meeting where expectation is continued increase in production quota by 400k/bpd.
Gold keeps flat so far today holding on to yesterday’s losses after finding support at 1800; although keep in mind the positive seasonals for Gold heading into January; US10YR Bond holds flat so far.?
In FX, the antipodeans leads the Majors with AUD at the top, followed closely by CAD and then NZD while JPY lags the most, followed by GBP and EUR. AUDJPY is up about 0.56% but finds slight resistance at 83.500.?
On the calendar, we have OPEC+ meeting, US ISM Manufacturing PMI and JOLTS Job Opening scheduled ahead.