S&P 500: Moderate decline in futures, low volume due to US holiday.

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  • Wall Street futures in negative territory.
  • No operations in the US for the holiday.
  • The dollar falls, metals unchanged and cryptos recover.

The start of the week takes place in a context of low volatility and low volume as a result of the US holiday for Independence Day. The dollar falls and stocks rise in Europe, although futures on Wall Street fall.

good overall tone

Asian markets closed mostly in positive territory, even despite the news of the default of a Chinese developer. In Europe, the FTSE 100 gained 1.14%, the DAX 0.21% and the CAC 40 0.75%. S&P 500 futures lost 0.25% and Nasdaq futures lost 0.405.

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The overall market tone remains cautious on fears of a further global slowdown. A sharp drop in the Eurozone Sentix Confidence Index was reported on Monday. Wholesale inflation in that region fell slightly, but remains at alarming levels.

The start of the week takes place in a context of some calm, which may be the product of the low volume due to the holiday in the US. Normal activity will return on Tuesday and the minutes of the last meeting of the Federal Reserve will be published on Wednesday . On Friday it will be the turn of the official employment report.

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The metals are shown without significant changes on Monday. Gold trades around $1810 and silver at $19.80. On several platforms, operations in these assets will close earlier than usual due to the holiday.

The Treasury bond market does not trade on Monday. In Europe, yields are rising after two days of sharp declines. The German 10-year bond yielded 1.32%, after touching 1.16% on Friday.

among the coinsthe yen and the dollar They are among the worst performers. DXY is down 0.18%, remaining in the recent range. Cryptocurrencies rise, although Bitcoin remains below $20,000, facing negative pressure overall.

Technical levels

SP500

Panorama
Last Price Today 3812.46
Today’s Daily Change -10.13
Today’s Daily Change % -0.27
Today’s Daily Opening 3822.59
Trends
20 Daily SMA 3850.46
50 Daily SMA 3989.48
100 Daily SMA 4194.76
200 Daily SMA 4387.82
levels
Previous Daily High 3828.85
Previous Daily Minimum 3740.34
Previous Maximum Weekly 3943.5
Previous Weekly Minimum 3737.5
Monthly Prior Maximum 4181.86
Previous Monthly Minimum 3636.65
Daily Fibonacci 38.2% 3795.04
Daily Fibonacci 61.8% 3774.15
Daily Pivot Point S1 3765.67
Daily Pivot Point S2 3708.75
Daily Pivot Point S3 3677.16
Daily Pivot Point R1 3854.18
Daily Pivot Point R2 3885.77
Daily Pivot Point R3 3942.69

Source: Fx Street

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