Dow futures rally more than 250 points, as focus turns to Trump’s infrastructure plan
Dow Jones Industrial Average futures YMH8, +1.64% climbed 277 points, or 1.2%, to 24,445, while S&P 500 futures ESH8, +1.28% jumped 28.15 points, or 1%, to 2,647.25. Nasdaq-100 NQH8, +1.69% moved up 70 points, or 1%, to 6,488.25. After a punishing week, stocks managed to rally late in Friday’s session. The Dow Jones Industrial Average DJIA, +1.38% finished up 330.44 points, or 1.4%, to 24,190.90, in a seesaw session that saw it span more than 1,021 points. The S&P 500 SPX, +1.49% surged 1.5%, to 2,619.55, while the Nasdaq Composite Index COMP, +1.56% closed up 1.44%, to 6,874.47. Read More @ https://www.marketwatch.com/story/dow-futures-rally-more-than-250-points-as-focus-turns-to-trumps-infrastructure-plan-2018-02-12?siteid=rss&rss=1
World shares attempt bounce after worst week in two years
World shares staggered higher on Monday after suffering their worst week in two years, attempting to brush off fresh rises in global bond yields while equity futures pointed to a firmer Wall Street session ahead. Read More @ https://www.reuters.com/article/us-global-markets/world-shares-attempt-bounce-after-worst-week-in-two-years-idUSKBN1FW00K?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
European stocks bounce back after biggest weekly drop in a year
European stocks stepped higher Monday, erasing part of their sizable monthly loss.
Analysts attributed the upbeat action in part to an encouraging finish on Friday for U.S. equities, but noted global markets remain down in a big way so far in February.
What are markets doing?
The Stoxx Europe 600 index SXXP, +1.46% climbed 1.6% to 374.66. On Friday, the pan-European benchmark fell 1.5% and suffered its lowest close since August. It also notched a weekly drop of 5%, its biggest percentage fall since January 2016. In early action Monday, Germany’s DAX 30 index DAX, +1.78% put on 2.1% to 12,359.95, while France’s CAC 40 PX1, +1.44% gained 1.7% to 5,163.32. The U.K.’s FTSE 100 index UKX, +1.21% rose 1.3% to 7,185.59. Read More @ https://www.marketwatch.com/story/european-stocks-bounce-back-after-biggest-weekly-drop-in-a-year-2018-02-12?siteid=rss&rss=1
USD INDEX TECHNICAL CHARTS
USD INDEX is seating @ Support and today the market will decide after Donald Trump’s 1.5Trillion Infrastructure plan. Will the market buy USD? We are pessimistic on the USD this month. Europe Stocks are rallying and the market valuation is much cheaper then the US Market – we believe the demand for EURO is more extensive then the USD moving forward.
Israel-Iran tensions heat up after airstrikes over Syria – this might drag the USD upwards.
The loss of an Israeli jet to Syrian fire over the weekend has raised the chances of a more forceful response from Israel to deter Iranian military expansion across its border, which could open up another front line in war-torn Syria. The clash began on Saturday morning after Israel said it intercepted an Iranian drone that had infiltrated its airspace from Syria. Israel responded that day with airstrikes on Syrian military positions, and Syria shot down one of the Israeli warplanes, which crashed in Israeli territory. Read More @ https://www.marketwatch.com/story/israel-iran-tensions-heat-up-after-airstrikes-over-syria-2018-02-12?siteid=rss&rss=1
NEWS TODAY THAT MIGHT AFFECT YOUR TRADES.
- 8.30am – Australia NAB Business confidence will start the market and we are positive about the AUD this week.
- 5.30pm – UK will release the CPI and the volatility is expected for all GBP pairs – we are in favor of the GBP. (BoE’s McCafferty: UK Economy Holding Up Relatively Well So Likely Rates Will Go Up Slightly Earlier Than Thought In Late 2017 – LBC)
Brexit Has Reached The Point Of No Return
The actual negotiations could easily run right up to the deadline in March 2019, when Britain is due to leave. If no agreement is forthcoming by that date, both sides might agree to extend negotiations, but that only seems likely if there is a good prospect of an agreement. Otherwise, Britain leaves and falls back on WTO trading rules, or does away with tariffs altogether. This is seen by the EU negotiators as a threat to Britain, believing it is Britain which is running out of time. Therefore, if Britain wants a trade deal, she must make it clear that a no-deal option is attractive to her. And, be it clearly understood, the negotiations only cover a minor part of the UK’s overall economy. read more @ https://www.zerohedge.com/news/2018-02-11/brexit-has-reached-point-no-return?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
3. 9.00pm – FOMC member will speak and it will be back to rate hike; we believe there will be minimal or no movement. 4. But 9.30pm when the US market opens we are expecting further sell down of the USD will continue.
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