The American indices are expected to open slightly lower, after its been 4 weeks of higher closes. The European markets are also higher, after the better than expected news for the Business Climate in Germany. The positive climate and the Risk-On trade continue to push the markets higher. This is the busiest week, during the financial season with reports awaited by Apple, Facebook, Catepilar, Exxon Mobil, Chevron and others. If the results are better than expected from these big companies, this will be positive for the indices and we might see again an impulse upward.
Today there are no economic news for the US economy, the US dollar is trading up and the strongest currency. This may continue to be the case during the US session as well. The GBP again is weak, under pressure of speculations about the state of the UK economy and the uncertainties among the leaving of the EC and its trade agreements. The price of Oil is down and this may be the case why we see a slightly lower opening of the indices. This case may not continue and we might see higher levels of the indices later on during the session. Gold is trading lower, partly due to the stronger dollar, but it remains in a bullish formation.
We expect financial results from Kimberly-Clark, Sprint, Gilead Science and Texas Instrument.
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