Stocks around the world are growing. Growth signs are seen in Asia, Europe and US futures. US lawmakers are trying hard to avoid another government shutdown. Government officials have said that they are in “agreement in principle” on border funding which would avert a second shutdown.
If only we could see a trade deal formed between the US and China, the whole world would be back to a risk on scenario, where investors are putting money back into the world’s stock markets. This would drag gold and the dollar both lower.
Coca-Cola (KO) is reporting earnings on Thursday. This is one of the few stocks, along with McDonalds (MCD), which do not look to be in line with the S&p 500, or with any other stock market for that matter. They have both stayed above their support levels and 200 day MA.
The dollar index (DXY) has decreased today by 0.05%, which is the first decline we have seen in over two weeks. A short position today with a small stop loss could be a successful fade of the bullish run we have had. Commodities are seen struggling due to the uncertainty around one of their biggest consumers – China and world stock markets take the lead in growth.
If only we could see a trade deal formed between the US and China, the whole world would be back to a risk on scenario, where investors are putting money back into the world’s stock markets. This would drag gold and the dollar both lower.
Coca-Cola (KO) is reporting earnings on Thursday. This is one of the few stocks, along with McDonalds (MCD), which do not look to be in line with the S&p 500, or with any other stock market for that matter. They have both stayed above their support levels and 200 day MA.
The dollar index (DXY) has decreased today by 0.05%, which is the first decline we have seen in over two weeks. A short position today with a small stop loss could be a successful fade of the bullish run we have had. Commodities are seen struggling due to the uncertainty around one of their biggest consumers – China and world stock markets take the lead in growth.
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