US markets will start in a negative territory, due to the better than expected GDP data from the US - 1.4%

29.06.2017 / 16:42

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Futures of the US indices fell minutes before the opening of the trading session, after the better than expected GDP data from the US - 1.4% vs. 1.2% expected. European indices started in positive territory but now are trading lower. This situation might be supportive of the USD.

We can expect a rise in the banking sector, as the situation around the stress test is without any negative news. Traders will pay attention to the speech by Bullard, as higher volatility is expected.

The Euro and the pound corrected slightly lower during the European session, but they do remain near the highs. Gold fell and trading around $1240. The price of Oil is higher, slowly grinding higher and reached $45,20 per barrel. If this situation remains as is or Oil continues to go higher, then we might see higher stock prices again, later on during the session.

Trader - S. Fuchedzhiev

Varchev Traders

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US markets will start in a negative territory, due to the better than expected GDP data from the US - 1.4%

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