US futures are marginally lower this morning while EU markets are higher by 0.75% on average on a surprise better than expected Italian/French Industrial production reading. Most Asian markets traded slower overnight following the weak close in US markets yesterday, the NIKKEI traded lower by 1.1% and mainland China by 1.18% as investors fear the near term rise in corona infections will probably temper with the global rally and profit taking likelihood, as markets trades at 2020 highs, will increase. “Safe heavens” is the place to go in the FX markets this morning, the JPY is higher versus majors by 0.8% on average while the dollar index trades at 96.74, up 0.05%. Gold pulled back from the 2020 highs $1,820 level, trading at $1,811 per ounce this morning, down 0.2% while Silver trades at $19.05, up 0.6%. Oil traded sharply lower into the close yesterday and is at $39.02 per barrel this morning, down another 1.25% as investors fear the corona spread and oversupply near term after Libyan production resumed yesterday after a half-year blockade.

US PPI and CAD Employment change at 8:30am are the important news on the agenda Friday, (all times EST). 

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
10.7.20-0.26%-0.45%-0.81%-0.36%-0.2%-1.2%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.11%0.33%-0.47%-0.92%0.71%0.45%-1.1%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.05%0.42%0.43%0.3%0.4%-0.44%-1.81%
1 YEAR1.03%-19.72%
-11.72%-6.82%3.52%25.52%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
GOLD1778.54012007/71770SL changed
       
OIL39.068-4010/73805new position
       
       
       
OPEN PROFIT  $1160   

Gold traded marginally lower yesterday on profit taking after a 8-year record high, $1818 per ounce.

Oil prices are up for more volatile near term, after the increase in coronavirus global cases and the reopening of a major Libyan Oil field.

Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.