Morning all
Thanks weekend crew
Futures are flat today after US markets retreated on Friday, the S&P -.3%, the Nasdaq - .9%.
Friday saw the first positive session in 6 sessions
US markets fell despite housing starts in the U.S. totalling 1.16 million in May, above a consensus estimate of 1.15 million.
St. Louis Fed president, ultra-rate-hawk James Bullard indicated that only one more rise in interest rates would be necessary before 2018. Yes, that’s an 8. 2018. This is an enormous about face for the man with very sharp rate talons.
Oil prices jumped about 4 percent on Friday, as a weaker dollar and less anxiety about Britain's possible exit from the European Union encouraged investors to buy riskier assets.
The front-month in U.S. crude futures rose $1.77, or 3.8 percent, to settle at $47.98. It fell $1.80 in the previous session.
For the week, Brent was down nearly 3 percent and WTI dropped more than 2 percent.
Oil prices rose in spite of data showing U.S. energy firms adding oil rigs for a third week in a row, suggesting higher production to come.
Gold $1299
HUI + .2%
AUD Gold $1746
AUD .7432
Have a good day
Day Trading 20 June Pre Market
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