US Equity Futures Higher Ahead of Trump and Powell Speeches

US equity futures point to positive opening for the cash market ahead of key President Trump speech on US-China trade relations. Violent protests in Hong Kong weigh on investors sentiment, but the Asian indices and Nikkei 225 managed to end mostly higher. European major indices are trading higher recovering some of yesterdays losses. FTSE 100 trades higher after mixed unemployment data, while DAX is adding 0.61% at 13,278 after the Germany ZEW Survey – Economic Sentiment came in at -2.1 topping expectations of -13 in November.

InvestingCube's S&R Levels

NAS100

NAS100 (11163.8)

In Buy Zone

STOP

BUY

TP1

11479

TP2

11923

In forex markets, GBPUSD stays above 1.2800 on mixed labour data, while EURGBP is almost unchanged after the data. AUDUSD correction continues targeting 0.6815 while NZDUSD is under selling pressure ahead of the RBNZ interest rates decision later in the week. The USDMXN trading in cautious moves ahead of Banxico Rates decision. Japanese yen is under selling pressure today; the USDJPY is 0.19% higher at 109.18.

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Cryptocurrencies trading higher today, Bitcoin is 1.24% higher at 8,828, and Ethereum is 1.50% higher at 187,16.

In commodities, gold consolidates close to three-month lows after yesterdays sharp drop amid positive reports on trade negotiations. Crude oil price is trading 0.37% higher at $57.07 in an attempt to regain the 200-day moving average.More content