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.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n