Trade Idea
Good morning.
Yesterday’s US stocks were mixed, the Dow Jones Industrial Average was -0.23%, the S & P 500 was -0.13%, and the Nasdaq Composite was + 0.54%. It is reported that talks between the ruling and opposition parties on additional economic measures will continue today. Airbnb is listed on NASDAQ. The initial price was $ 146, more than double the IPO price of $ 68. The first day trading closed at $ 144.71.
The ECB has launched a quantitative easing expansion, as most expected. PEPP (Pandemic Emergency Purchase Program) has been increased by € 500 billion, extended for 9 months, and TLTRO (Long-Term Refinancing Operation) has been added. EURUSD was bought following the announcement of the ECB, temporarily rising to 1.2158 and ending at 1.214.
EURUSD H1 (Please click the chart to enlarge.)
Market Environment
Yesterday’s currency strength
US market yesterday (last Friday)
DJIA: 29,999.26 (-69.55, -0.23%)
S&P 500: 3,668.1 (-4.72, -0.13%)
NASDAQ Composite: 12,405.81 (+66.86, +0.54%)
NASDAQ 100: 12,401.74 (+37.1, +0.3%)
GOLD: 1,842.4 (+5)
OIL: 47.14 (+0.36)
US 10-YR: 0.91 (+0.002)
VIX: 22.52 (+0.25)
Asian market today
Nikkei: 26,575 (-180)
CME Dow future: 29,961~（-38 Dow）
Economic indicators in this week
GMT
13:30 (US) PPI
15:00 (US) Michigan Consumer Sentiment Index
