US Stocks to open lower

04.02.2016 / 16:39

Rating:

US stocks to open lower due to drop in the oil prices

Dow futures are down with more than 100 points as the Oil prices dropped again and employment and productivity data came in worse than expected, and hinted for slower US economic growth or weak recession.

Wednesday, when the price of Oil went up and US dollar went down, stocks followed. Now as Oil price are down stocks are down too. The tight correlation between both is here to stay for now. Dollar continue to fall and the USD index is lower by 0.9%.

Even the Euro is trading higher against the dollar as the worst than expected US data, is starting to convinced investors that The FED will not raise interest rates for now. On top of that New York FED, William Dudley said that tighter financial conditions could slow down the FED in its fiscal policy.

Jr. Trader - S. Fuchedzhiev

Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

US Stocks to open lower

London

Universal numbers