What a resilient market. From domestic drama in Washington to a dissipating interim “Phase One” trade deal and we still have a fresh record closing high on our hands.

Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.

Each afternoon Ira Epstein gets you up to speed on what happened in the metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.

It Has Been 4 Trading Days Since Crypto-Friendly US-Based Bank Silvergate Capital Was Listed The New York Stock Exchange (NYSE: SI) - The Firm's Shares Have Risen ~13% Since The Issue - We Provide Context And Insights

It was not too long ago when people were freaked out about oil. The word was that the world was running out of oil! The world would soon hit so-called "peak oil”,  a point in time when the maximum rate of extraction of petroleum would be reached, after which it was expected to enter terminal decline. Freak out!

Both the S&P and NQ set fresh record highs ahead of President Trump’s address at the Economic Club of New York. However, his comments lacked the positive jawboning on U.S-China trade that was expected and price action dissipated into the afternoon.

Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.

Each afternoon Ira Epstein gets you up to speed on what happened in the metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.

Futures put in their lows early in the session. Once the equities opened, futures marched steadily higher, reaching the top of their session range by midday, closing just off those levels.

Iran raised a few eyeballs after Iranian President Hassan Rouhani said that Iran has a new oil field that would increase Iran's proven reserves by an impressive 53 billion barrels of oil. Overnight, this would increase its proven reserves by about one third.