|Day's Range||13,487.21 - 13,550.83|
|52 Week Range||10,863.56 - 13,557.78|
While I spend many hours a day scouring through Forex charts, the charts related to these two markets have caught my eye.
With economic data on the lighter side and the U.S markets closed, the momentum looks to provide support going into the European open.
Stocks in the European Union surged in early trade on Friday as the EU Trade Commissioner Phil Hogan gave positive reviews of his meetings with the United States counterpart Robert Ligthizer and Secretary of Commerce Wilbur Ross. "These meetings were in the main both positive and productive," Hogan said in his speech in Washington D.C. on Thursday, while calling for finding solutions to the trade tensions between the block and the U.S. through bilateral meetings. "We must call out the narrative that the US has a trade deficit or an unfair trading relationship with Europe," Hogan said.
China's economy grew at the weakest pace in three decades last year, data Friday confirmed, but solid December activity readings and bets on fresh stimulus from Beijing are helping Wall Street look to fresh record highs Friday.
Wall Street looks set for more record highs Thursday as global investors react to details of a phase one trade agreement between the U.S. and China that eases tensions between the world's two biggest economies.
The futures say green as the markets respond to the signing of the phase 1 trade agreement. Economic data from the U.S will influence today.
Global markets are mixed as traders wait for the Phase One deal signing. The details so far suggest the Phase One deal is far less than the market was expecting.
It’s a busy day ahead for the majors. Economic data from the Eurozone and the U.S, corporate earnings, and trade are in focus.
Global markets are mixed in Tuesday trading, earnings season kicks off with results from JP Morgan, the Phase One Trade Deal is expected to be signed on Wednesday.