Feb 18


  • BY:
  • February, 18th, 2016 20:27 +00:00

Good evening,

Both DJIA and S&P500 are fluctuating around the opening level and Nasdaq Composite is losing 32.32 points at 4,501.74 (-0.71%) as tech stocks are underperforming other sectors. US Crude Inventories stocks rose to a 86 year high and the commodity is trading down 11 cents at 32.87 $/barrel (-0.33%). The psychological support 2,000 $/oz did well as Gold is up 24.6$ at 1,236 $/oz (+2.03%).

In the currency market the Japanese Yen is up against both the British Pound and the US dollar. EurUsd is trading at 1.1101 (-0.24%) and UsdCad is gaining 70 pips at 1.3741 (+0.51%). Tomorrow the most relevant events in the economic calendar will be the Canadian and the US CPI, both released at 13:30 GMT. The last event of the week will be the Baker Hughes US Oil Rig Count at 18:00 GMT.

(20:20 GMT)