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nasdaq 100 futures
nasdaq

Premarket: Nasdaq 100, S&P 500, Dow Jones Point to New Highs

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Nikolas Papas Forex Analyst
    Summary:
  • Nasdaq 100 futures point to a slightly positive opening in the cash market as investors digest the new all-time highs that all indices settled yesterday.

Nasdaq 100 futures point to a slightly positive opening in the cash market as investors digest the new all-time highs that all indices settled yesterday.  Nasdaq futures are adding 0.10% at 8,735 as investors await the signing of the Phase One trade deal between China and USA. The Dow Jones futures are 0.09% higher at 28,575, the S&P 500 futures trading 0.09% higher at 3,230.

Investors sentiment was positive during the Asian trading session, as traders reacted to the news that China was cutting import tariffs on hundreds of goods.

European Indices Trading Mixed, Dax Closed

European indices started the week mixed, the FTSE 100 in London is 0.12% higher at 7,633. The CAC 40 in Paris is 0.05% higher at 6,032 while the DAX index already closed for the Christmas holiday.

Equities in Asia also ended the trading session mixed, the Nikkei ended 0.04 higher at 23,830. The Hang Seng in Hong Kong finished 0.15% lower at 27,864. The Singapore Straits Times Index finished 0.24% higher at 3,221.

Read our Best Trading Ideas for 2020.

Bitcoin Retreats from the $7,700 Resistance

Bitcoin rejected yesterday at the $7,700 area and retreated back to $7,300. As of writing bitcoin adds 0.64% at 7,363. Ethereum trades 0.02% higher at 128.13. Litecoin (LTCUSD) adds 0.59% at $40.85.

In forex, GBPUSD finally manages for a rebound adding 0.13% at 1.2952, the US Dollar index is adding 0.05% at 97.72. The EURUSD trades 0.06% lower at 1.1081, while the Australian dollar trades 0.05% lower at 0.6918 against the US dollar. The kiwi trades 0.09% lower at 0.6629 against the USD.

In commodities, gold is the winner today as it adds 0.27% at  $1,489 while the crude oil prices are 0.43% higher at $60.78 per barrel.