Following yesterday's positive GDP data out of the US that saw the economy grow 4.3% the previous quarter positivity dominated the market as Nasdaq recovered from the European session’s selloff to close the day near its open, Dow and S&P both closed the day higher as investors saw positive growth in the economy.
Gold is still ranging between 1720 and 1740, silver sold off in the European session reaching a 2 month low of $24.40 before recovering and closing above $25.
Gold closed positive but still ranging between 1720 and 1740, Brent recovered well following the selloff Tuesday as it closed the day up $4 at $64.06, as tension at the Suez Canal grew Brent closed lower at 61.54 down from its open at $63.86.
Following yesterday's Monetary Policy Statements out of Switzerland the Frank weakened against all major currencies keeping rates constant at 0.75%. The New Zealand and Australian Dollar strengthened considerably against all major currencies during the Asian session due to an increase in expected stimulus.
All Day - Euro Summit (EUR)
11:00am - German ifo Business Climate (EUR)