US markets – early-week opening indications (equities, oil both higher)

I posted early forex rates here a good few hours ago:

and then an update:

Other markets finally getting their *** into gear and opening now:

  • S&P500 emini futures (Globex trade) opening up more than half a percent
  • Oil futures up very small too (brent +0.1%)
  • UST note futures down 2/32
  • gold down a few dollars, circa 1343-odd as I update (chopping around the big figure)

In my earlier post I wrote:

Long story short is the impact of the US, UK & France air
strikes on Syria over the weekend on rates has been very limited –
likely accounted for by:

  • The passage of time (nearly 48 hours … an eternity in markets it seems)
  • And the ‘limited’ and a ‘one-time shot’ (US description of the strikes) nature of the strikes
  • the extended build up of expectations (and therefore currency hedges/positioning) in the week prior 

More of the same happening now 

ps. FX update, little change 

  • EUR/USD 1.2332
  • USD/JPY 107.52
  • GBP/USD 1.4239
  • USD/CHF 0.9628
  • USD/CAD 1.2601
  • AUD/USD 0.7768 
  • NZD/USD 0.7352
  • Going into the day ahead – focus off Syria for now and onto trade issues, US politics (DOJ investigations).

    And, as I update …. oil prices down now   

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