Ray Of Light

At long last, there's been a breakthrough in international trade talks between the USA and China.

Leaders of both countries are claiming this 90 day "cease fire" as a win for their respective administrations. The stock markets are going wild!

In the meantime in Paris, we can see shocking images rolling in from the popular protests known as "Gilets Jaunes" the Yellow Vests. Parisians are seemingly upset that their Prime Minister increased taxes on fuel while removing the wealth tax. This has yet to influence market moods but is worth watching.

Today's Highlights

  • Gap Ups
  • Crude Ups
  • Crypto Light

Traditional Markets

Yes, the Asian session has been fantastic. The European stocks are on the up too. But it all started with futures markets, which opened last night with a sizable gap up. 

Here we can see the Dow Jones, where the difference between the closing price on Friday and the opening price on Sunday night was more than 400 points. For reference, the blue circle is the Dow's all-time high.

(Click on image to enlarge)

The Automotive sector seems to be performing the best today, most likely due to an unsubstantiated tweet from President Trump...

The currency markets confirm that the markets are optimistic. As you can see, the safe haven currencies are sinking today.

Crude Side Show

Another thing that many people were watching going into the G20 was the meeting between Vladimir Putin and Crown Prince Mohamed Bin Salman, who did come together and agree on a renewed effort to curb oil output.

Details of the plan are still pretty thin but we can almost certainly expect this line of discussion to continue throughout the week as OPEC meets in Vienna this Thursday and Friday. Even though the United States has upped their output recently, the cartel still holds plenty of power over the prices.

As far as the price is concerned, we now find ourselves in the range from $50 to $60 a barrel, and well below the 200 day average.

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Disclaimer: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of ...

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