Wednesday 4 June 2014

Pre-Market Brief

Good morning, futures are a little lower, sp -4pts, we're set to open at 1920. Precious metals are moderately mixed, Gold +$1, with Silver -0.1%. Equity bulls can sustain 20pts of downside to the low 1900s, without seeing any damage to the short term bullish trend.


sp'60min


Summary

*ADP jobs, 179k gains, vs 210exp..so..that is a notable miss
--

I do think price action will be a bit more dynamic today, more so in the afternoon - Fed beige book.

However, many traders will no doubt merely be sitting on the sidelines, waiting to see what the ECB announce tomorrow.
--


Video update from Mr C.


--

Have a good Wednesday