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US markets show lower open

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The futures for the US indices show lower open today. The ADP data came better than expected and this did not help the prices to go up. Investors expect "Super Thursday" and the statement of the BOE for the base rate in the UK and are cautions. The indices are at support and we may see higher prices from here. The European indices were traded lower for the most part of the day as well.

US dollar was up slightly as the ADP data came better than expected with 179к vs 170к expected. The JPY was strong and all crosses were lower and that gave the centiment in the markets to be less buyers of riskier assets. The price of Oil is still under pressure which did not help the indices trading close to support levels at $39,30 for a barrel. The Euro is relatively strong after the better data from the Euro zone economy today.

Still expect data for ISM  Non- Manufacturing and Crude Oil inventories.

Today we expect Earning reports from Herbal life and Tesla Motors


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