It was a very lacklustre day on the markets yesterday as a lack of volatility forced the majority of assets to be ranging as the market consolidated before US GDP quarterly figures being released.
Nasdaq, Dow and S&P all ranged with very little movement, similarly, the FTSE and Dow remained range-bound.
Gold made a new high as it reached 1912 before closing the day in 1896 just shy of 1900. Silver followed Gold’s lead as it traded above $28 before closing the day out on 27.70. Brent remained range-bound between 67.72 and 68.70.
The Crypto market remained firm as Bitcoin and Ethereum consolidated for most of the day following last week's selloff.
The biggest driver for today will be Prelim GDP q/q as the market waits in anticipation to see how the US growth figures compare in comparison to the rising inflation rate.
2:30pm - Prelim GDP q/q (USD)
- Unemployment Claims (USD)