The indices in the USA will open lower today after the turmoil in the White House and the attacks in Barcelona

The futures of the indices are around the levels of the previous' day close, but the worries around the situation with the President and the attacks in Barcelona are two fearful factors for the investors. Most of the players will stay on the sidelines today as it is the last day of the week and there are risks of the correction of the stock market to continue. The situation in the White House increases the uncertainty if the administration has the ability to move forward with the reforms that they have planned. The risk sentiment is falling with higher JPY, CHF and Gold.

Due to these factors and worst than expected inflation in the country, the USD continue to be sold off and weak. The highest fall of the USD is against the Euro and the Australian dollar. Gold from the other side is gaining on the weaker dollar reaching $1,296. Silver prices are up as well, following the other metal, trading at $17.205. The price of Oil is also under pressure, despite its small rise today, trading at $47.17 за барел. But the bearish momentum is to continue, which will also help the fall of the indices. The Canadian dollar is expected to gain in this environment, as it is trading higher against the USD and and the risk currencies.

The economic data from the US are not very important today, but the speeches from FED members can signal more details on how the FED thinks and how they might act in the future with reduction of the balance sheet, even if there is no additional rate rise this year.

Trader - S. Fuchedzhiev

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