Good news for traders today is that the economic calendar lacks statements from US central bankers who did not like the stock yesterday.
After two disappointing indicators from the past session of selling new homes and consumer confidence, today's economic calendar gives us the latest reading of long-term commodities.
Investors should keep an eye on KB Home's earnings report, but mainly because of the comment after them. We need to get new signals as to whether speculation low interest rates are beginning to attract more home buyers to the US.
The dollar is beginning to gain momentum after the weak weakness it witnessed at the start of the Asian session when Fed's James Bullard cut interest rates down from 50 basis points next month while saying that the bank's actions would be rather " than the beginning of a new cycle.
This change in market expectations will not affect markets without seeing and making sure progress in the trade talks between Washington and Beijing later this week. If everything has come to a point, or at least we get a start indication in the right direction, then we can conclude that only a reduction in interest rates will be enough.
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