The dollar is closing 2019 on a negative tone, in line with FX markets sentiment towards the greenback for the most part of 2019. The now turned dovish Fed, under extreme pressure from US President Trump, turned the tabled near term for dollar investors and the greenback lost ground versus most FX markets in 2019. The upcoming Brexit agreement is behind the revival of the Sterling, up versus majors and the best performing FX market in 2019, up nearly 5% versus the euro and 4.45% higher versus the USD. Global equity markets are closing 2019 with stellar returns, putting the trade war and recession worries in the back mirror thanks to the ECB and Fed monetary policies and the US China trade agreement. Metals are closing 2019 with stellar returns as well, Gold is up nearly 20% YTD as investors move out of the USD and stack up in case of a pullback equity markets, Silver investors enjoyed a profitable year as well, up 15% YTD. Oil started 2019 as low as $49 per barrel following the selloff in late 2018 and global worries and ended 2019 at $61.5, up nearly 26%, and looking strong into 2020.
US CB Consumer Confidence at 3:00 pm is the important news on the agenda Tuesday. (all times GMT).
| Global Markets 2019 RETURNS | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 30.12.19 | 4.5% | 0% | -2.4% | -2.5% | 20% | 26% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| -1% | -1.5% | -2% | -2% | -3% | 15% | -33% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.5% | ||||||
| 1 YEAR | 25.48% | 12.4% | 26.39% | 24.83% | 18.2% | 36.07% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| SILVER | 17.77 | 2000 | 360 | 30/12 | 17.5 | |
| OIL | 61.76 | 8 | 140 | 30/12 | 62.5 | |
| OPEN PROFIT | $500 | |||||
The Nasdaq and S&P 500 delivered stellar 2019 returns, up 34.8% and 28.5% respectively.
After years of stagnation, Gold and Silver investors gain big in 2019, up 20% and 15% respectively.
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