Looking into tomorrow, S&P futures will look to 1,400, 1,408, and 1,411 as points of support. Markets look to be heading higher going into the earnings season, which kicks off with Alcoa next week.
Oil futures reversed recent weakness, popping 2% to $105 p/barrel. USD/JPY extended overnight weakness, dropping to the 82 figure – nearly 2 figures below the March high. EUR/USD is stuck in a channel, trading between 1.30 and 1.35 for much of this year. A rally above 1.35 could lead prices to extend to the 1.40 level.
By Mark Meadows