The dollar and FX markets opened the trading week yesterday flat and most markets traded a narrow range session on no news and the US markets Holiday. This morning global futures are pointing sharply lower as investors look to be taking profits from the table with all global leading markets at all-time highs levels and a Moody’s downgrade of Hong Kong and the IMF trimming global economies growth for 2020 and 2019. Earnings season is about to kick in full gear this week, with most of the S&P 500 stocks reporting and a pullback from all-time highs levels is on the table for investors. Gold and Silver traded sideways yesterday, gold closed at $1,560 and Silver closed marginally lower at $18.06 per ounce. Oil prices opened the trading week marginally higher, closing at $58.66 per barrel after two oilfields closed down in Libya, following a military blockade on the area.

Davos World Leaders meetings, (all day) and EU German ZEW Economic Sentiment at 11:00 am are the important news on the agenda Tuesday, (all times GMT).


Global Markets 24 hours wrap-up
1 YEAR21.67%9.77%24.87%21.57%15.18%29.15%
Swing report
EURSXX5037621512016/13760SL Changed
OPEN PROFIT  $120   

Nasdaq futures point to a lower open this morning after a selloff overnight in Asian markets.

Gold and Silver lower this morning despite global markets pullback as investors favor the JPY as their “safe heaven”.

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.