Web Trader MT5 
U.S. stock futures opened higher on Monday, following a second straight winning week for Wall Street as investors await this week’s Federal Reserve meeting.
All three major indices posted weekly gains last week, with the S&P 500 now nearing its previous all-time high. Markets rallied Friday after core PCE data for September came in cooler than expected, boosting hopes for a rate cut at the upcoming FOMC meeting.
The data showed that core PCE inflation the Fed’s preferred gauge rose 0.2% in September and 2.8% year-on-year, slightly below expectations. The softer annual core reading strengthens expectations for a December Fed rate cut, with market odds holding near 87%.
Investors will also be watching the Fed’s forward guidance and leadership outlook during the FOMC meeting.
In Asia, China’s overall exports rebounded sharply in November, rising 5.9% on a yearly basis and beating expectations, despite exports to the U.S. falling for an eighth straight month with a steep 28.6% drop.
Despite a recent tariff truce between China and the U.S., bilateral trade remains weak, with China’s exports to the U.S. down 18.9% so far this year. Meanwhile, rare earth exports surged and soybean imports increased as China began fulfilling its commitments under the trade deal.
Gold continues to be trading with a firm tone as expectations intensify for a December Federal Reserve rate cut, following the softer-than-expected core PCE reading. The precious metal is trading around $4,216 per ounce today after finding a strong support around $4,175 levels last week. Prices are expected to fluctuate ahead of Wednesday’s interest rate decision. Silver is stabilizing above the $58 level and is trading near its all-time highs.
In the forex market, the Dollar Index remains weak and could fall toward 98–97 as long as it stays below 99. This supports a further upside in major currencies, with EUR/USD potentially targeting 1.1700–1.1800 and GBP/USD aiming for 1.3400–1.3500.
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