FOMC Meeting Minutes show Fed likely to hike rates by 0.50% in each of the next two months.
Natural Gas futures closed yesterday at a new and very long-term high, suggesting an upwards move is likely over the near term. However, Natural Gas has lately showed huge volatility and very deep bearish dips, making trend trading this energy challenging.Today will see a release of preliminary US GDP data, which is expected to show that the US economy shrunk last quarter at an annualized rate of -1.3%. If the data comes in dramatically different, it could cause volatility in the markets.It is a public holiday today in Germany, France, and Switzerland.Daily new coronavirus cases globally rose last week after falling for eight weeks.It is estimated that 65.8% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.7% of the global population is confirmed to have contracted the virus at some time, although the true number is highly likely to be much larger.Total confirmed new coronavirus cases worldwide stand at over 529.7 million with an average case fatality rate of 1.19%.The rate of new coronavirus infections appears to now be significantly increasing only in the Bahamas, Belize, Chile, the USA, Costa Rica, Jamaica, Panama, and Taiwan.
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