Five things traders need to know today US equity futures an | Entity Fx™

Five things traders need to know today

US equity futures and European stocks declined Friday, while American cash market closed for Independence Day. S&P 500 futures +0.58% Monday morning despite Goldman Sachs revising down the estimates for Q3 US economy. CN50 soared toward 15000, buoyed by huge inflows into Chinese A-shares.

The US dollar index (USDX) dropped last week to 97.15 despite the surging daily cases and hospitalisations in many states in the US. JPY traded at 107.56.

EUR was little changed at 1.1246 in Asian trading hours, continuing to seesaw around the neutral 5-day EMA. GBP opened lower and traded at 1.2475. The UK relaxed the quarantine rules for travellers and reopened the bars.

AUD extended the gains to 0.6945 following a second consecutive weekly gain. The Australian government offered hardship payments to residents impacted by the lockdown reimposed in Melbourne. NZD traded at 0.6537.

Gold opened lower at $1773 after refreshing the eight-year high at 1789 last week and leaving a doji on the weekly chart. WTI crude (XTIUSD) closed above $40 and edged higher to 40.4. CAD and NOK strengthened alongside the oil price.