Tomorrow Could Be Big

{+++} Overnight the Asian markets gained 0.8%. Europe opened higher and closed +2.7%. US index futures were higher during the holiday trading session: SPX (ES) +13.75 and the NDX (NQ) +29.75. The futures close imply a SPX 1630 open on Friday. Bonds lost 7 ticks, Crude slipped 30 cents, Gold lost $5, and the USD was higher. Tomorrow: the monthly Payrolls and Unemployment report.

Here is a look at what the U.S Dollar is doing as well as the S&P futures as of 5PM Thursday.

The Euro got hammered against the greenback as :

European Central Bank President Mario Draghi goosed markets around the world on Thursday when he said interest rates will remain low or go even lower for “an extended period of time.” Traders across Europe, particularly in London, were in the buying mood even before Draghi’s dovish stance, thanks to a statement from the Bank of England that also served to ease fears of a reduction in stimulus. Market reaction was swift and pronounced. The euro  turned lower against the dollar, hitting its lowest level since May, while equity markets across Europe soared. 

A gap up is in the cards right now. See you in the chat room.

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