Trade Idea
Good morning.
Yesterday US stocks rose with all major indices, the Dow Jones Industrial Average closed at + 0.49%, the S & P 500 at + 0.58% and the Nasdaq Composite at + 0.84%. Expectations for additional US economic measures and the Fed’s cautious stance confirmed by the FOMC seem to support stock prices. The rise in small and medium-capitalization stocks is most pronounced, with Russell 2000 ending at + 1.30%.
In the foreign exchange market, USD continued to depreciate. EURUSD has risen to 1.227 temporally, and GBPUSD, which is at the end of trade negotiations with the EU, has risen to 1.362 temporally.
EURUSD H1 (Please click the chart to enlarge.)
Market Environment
Yesterday’s currency strength
US market yesterday (last Friday)
Asian market today
Nikkei: 26,785 (-21)
CME Dow future: 30,180~（-123 Dow）
Economic indicators in this week
GMT
07:00 (UK) Retail sales
09:00 (GE) IFO index
13:30 (CA) Retail sales
