The S&P 500 and Nasdaq 100 futures are sharply lower following EU and Asian markets steep drops as investors fear the new Covid-19 variant will temper growth prospects and hurt the travel and leisure industries. The S&P 500 futures are lower by 1% and Nasdaq futures are lower by 0.55% this morning. EU markets are trading deep in the red, the EURSX50 is lower by 2.17%, the FTSI by 2.12% and the DAX by 2.08%. Asian markets closed their overnight session in the red as well, led by a 1.84% drop in the Hang Seng index. The dollar index is at 16-weeks highs, 93.02, trading higher by 0.35% versus majors as investors move into the dollar and the JPY. Gold and Silver are trading lower on the stronger dollar, Gold is at $1,803 per ounce this morning, down 0.65% and Silver is at $25.21 per ounce, down 1.43%. Oil prices are trading sharply lower from 2021 highs, down 4% and trading below the $70 level this morning as investors are taking profits off the table fearing demand expectations are going to be revised under the new Covid-19 wave, and OPEC+ deal to increase production by 400,000 barrels per day from August.
There is no mportant news on the agenda Monday. (all times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 19.7.21 | -0.31% | -0.22% | -0.55% | -0.24% | -0.66% | -3% |
| EURGBP | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | BITCOIN |
| -0.11% | 0.26% | -0.88% | 0.27% | 1.4% | -1.65% | -1.03% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.33% | -2.1% | -1.9% | -2.03% | -2.12% | -1.25% | 0.37% |
| 1 YEAR | 18.77% | 9.94% | 25.59% | 18.14% | 21.84% | 12.52% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| GBPUSD | 3880 | 1 | 1740 | 12/7 | 3773 | SL Changed |
| OPEN PROFIT | $1740 | |||||
Global markets are set to open the trading week sharply lower on Covid worries and profit taking.
The dollar index is at 4-month highs as investors are steping into the dollar and the JPY and moving away from growth currencies.
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