Five things traders need to know today Nasdaq and the S&P | FOREX/GOLD

Five things traders need to know today


Nasdaq and the S&P 500 hit new highs on Thursday, amid optimism about Biden’s $1 trillion bipartisan infrastructure deal. The Dow jumped 0.95%. Weekly jobless claims declined to 411K last week against a 380K consensus. Major European and Asian indices closed higher.


Gold continued its consolidation at $1,774.82. WTI crude (SpotCrude) pushed higher to $73.62. Bitcoin continued the recovery toward $35,000.


The US dollar index (USDX) was little changed at 91.77, while the yield on 10-year Treasury was slightly higher at 1.495%. US May PCE, personal income, and spending are scheduled for release today. USDJPY closed lower at 110.88.


EUR edged higher to 1.1931 amid positive business confidence surveys in Germany and France. GBP fell to 1.3920 as the BoE expressed cautiousness on tightening, with the rate and bond purchasing program unchanged.


AUD advanced for a fourth straight session amid improved market sentiment, closing at a one-week high of 0.7582. NZD extended the gains to 0.7057. USDCAD battled around the 5-day EMA at 1.2320.

Credit-Pepperstone