Tag Archives: BOE

Pre-Market Fridindicators

Good Morning NY, and welcome to Friday.

The strength into yesterday’s close has held.

  • The S&P Futures +0.36%
  • Gold Futures +0.93%
  • Oil Futures (CL) +0.80%
  • Europe: The CAC40 +0.45% and the FTSE +0.57%
  • EURUSD -0.23%
  • Grain Futures are still rising

We’re waiting on PPI numbers at 8:30am EST and Michigan Confidence Numbers at 9:55am EST

*Update Jun PPI +0.1%; Consensus -0.3%

BOE initiates scheme,  putting pressure on banks to lend.

Good Trading

EUR USD Chart

Good Morning, After

EUR USD ChartGood Morning NY.

The indicators look ‘good’, the markets look ugly. After all the expectations, now it’s a sell the news day. Here’s the EURUSD chart… I’m expecting the broader markets to follow.

Here’s the rundown:

  • BOE, 50 billion in new money
  • ADP numbers beat 179k vs 105k
  • Initial Claims beat 374k vs 385k
  • Continuing Claims misses 3306k vs 3283k
  • ECB lowers rates to 0.75%
  • Gold Futures down -1.25%
  • Oil Futures down -0.56%
  • S&P Futures down -0.38%

Good Trading.