US futures are traded with an increase of the Asian session onwards. The larger increase in the price of futures take place during the European trading session. Most likely the market is preparing for the inauguration of the new US president, Donald Trump, whose promises market rose by about 7% after his election.
Currently:
- Dow Jones traded 0.12% higher than at closing time yesterday. The index is still far from 20000 and currently traded at levels of $ 19,717
- SP500 grew by 0.30% during Asian and European trading session, and is currently at levels of $ 2271.00
- NASDAQ 100 added to currently 0.32% to its value and trading at levels of $ 5069.10
The focus today of all investors is aimed at President Trump.
Later today at 19:00 local time Trump is expected to give his first speech after his inauguration. It is expected that during his speech, the president-elect to send a strong message of change in the US economy. Traders will listen carefully to what and how Trump said in his first speech as president of the United States. If this happens it is very likely to watch the appreciation of the dollar and indexes. During his speech, and then it will certainly have a high volatility.
Currently the dollar is supported against most currencies
The oil market on Friday:
- Brent crude traded around $ 54.93 with a growth of 1.42 percent, while light sweet crude is trading at levels of $ 51.98 with an increase of 1.19%.
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