U.S. indices closed slightly positive on Monday lifted by shares in the Semiconductors & Semiconductor Equipment (+2.12%), Technology Hardware & Equipment (+1.62%), Software & Services (+0.76%) sectors. On the economic data front, the Chicago Fed National Activity Index edged up to -0.02 in June (vs 0.08 expected) from -0.03 in the May. The S&P 500 (2,985.03) stays above its 20d moving average (2,974.43 – positive slope) and its 50d moving average (2,901.97 – positive slope).
European markets are expected to start on a flat note.
Foreign Exchange
The US dollar was bullish against all its major pairs on Monday. On the economic data front, there was no news to report.
The Euro was bullish against all of its major pairs with the exception of the USD and CHF. In Europe there was no economic news to report.
The Australian dollar was mixed against all of its major pairs.
Commodities
After the close of Wall Street, WTI Crude Future (AUG 19) was up $0.6 to $56.22. The contract was below its 20D MA (@ $58.03) and below its 50D MA (@ $57.44).
Gold was about flat to $1425.3. The precious metal was above its 20D MA (@ $1413) and above its 50D MA (@ $1357).
Copper Future (SEP 19) on Comex was down 3.3c to 272c/lb. The contract was above its 20D MA (@ 269.75c) and above its 50D MA (@ 269.08c). In Europe, the London Metal Exchange reported its copper inventories decreased 725 tons to 295725 tons.