The USA markets with negative start today 18.07.2017

18.07.2017 / 16:17

Rating:

After the lowest levels of close of the Asian markets and the weaker performance of the European Markets, we expect the markets in the USA to open lower. The positive tone was suppressed after the Republicans were unable to legalize the health bill.

The US dollar continued to fall as it was not backed by worse data from the economy. The pound also fell after worse inflation data of 2.6%, while expectations were 2.9%. Before the opening of the US session, the Japanese yen grew stronger. The euro rose to 1.1550 and this is the highest level of the currency this year. Gold rose again to $ 1241. Oil prices rose to $ 46.82 and this could support indexes. We are likely to see higher stock prices again if the price of Oil continues to rise.

Traders expect Carney's speech at 16:30 (our time) and Global metal prices.

The financial statements of BofA, J & J and United Health are better than expected.

Trader - S. Fuchedzhiev

Varchev Traders

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The USA markets with negative start today 18.07.2017

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