U.S. equity markets were closed on Thursday to observe Independence Day. The S&P 500 (2,995.82) stays above its 20d moving average (2,918.13 – positive slope) and its 50d moving average (2,884.44 – positive slope).
European markets are expected to start on a flat note.
Foreign Exchange
The US dollar was mixed against all its major pairs on Thursday. There was no economic news to report.
The Euro was bullish against all of its major pairs with the exception of the CHF. In Europe, the Germany PMI Construction index fell to 50 in June from 51.4 in May. New car registrations in the UK dropped by 4.9% in June YoY after a 4.6% slide a month earlier on the same basis.
The Australian dollar was under pressure against all of its major pairs except the NZD.
Commodities
After the close of Wall Street, WTI Crude Future (AUG 19) was about flat to $56.8. The contract was above its 20D MA (@ $55.75) and below its 50D MA (@ $58.51).
Gold was down $3.3 to $1415.5. The precious metal was above its 20D MA (@ $1378) and above its 50D MA (@ $1325).
Copper Future (SEP 19) on Comex was about flat to 267.9c/lb. The contract was below its 20D MA (@ 268.26c) and below its 50D MA (@ 272.18c). In Europe, the London Metal Exchange reported its copper inventories decreased 975 tons to 271525 tons.