US Markets to open higher

30.11.2016 / 16:39

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The futures of the indices point to higher open today. It is expected that OPEC will be able to form a deal with the countries producers of Oil and they have done a deal. The Price of Oil jumped 7% to about $48.85 per barrel and continue to go up. DJIA is with highest gain and SPX as well. The NDX is lagging behind but it will most likely catch up after the open of the session today, if the Oil price continue to go up.

Expecting more news from the USA - Pending Home sales, Crude Oil Inventories and Speeches from FED Powell and Mester. If the data is better than expected than this will support the USD. Expectation of higher rates from FED is also on the table with close to 100% chance now. Market is pricing that in already. The indices and the USD are moving at the same direction and most likely this will not continue for too much longer. It is possible that the rise of the indices could be halted for a pause before continuation, or the USD may weaken for a short period of time.

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US Markets to open higher

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