At-a-Glance
Today’s Top Highlights
There was a lot of broad selling yesterday in the equities, precious metals and the crypto markets that was followed up today by a bounce higher across the board. The equity markets were all trading higher today led by the Russell, and the precious metals saw strong upside moves today led by Silver which was up near 1.2% on the day. There was an ADP Nonfarm Employment Change report that was released today that was higher than expected and seemed to give a boost to the markets along with a slightly lower Dollar helping out the precious metals to the upside.
The crypto space saw the most significant selling pressure yesterday with Ether futures dropping by nearly 11%, and today traders saw a very strong day for the entire suite of CME Crypto Futures. A lot of the catalysts of these markets have come from news regarding trade deals with other countries and the status of the government shutdown, and there is still no final plan of when these issues will be resolved, and with the shutdown there is a lack of economic data for traders to reference. Now traders are wondering if we can go back and test the all time high prices again or if more selling is yet to come with the lack of data.
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