The dollar and the JPY traded lower versus majors overnight as trade tensions ease following renewed plan for US China trade negotiations as soon as next month. Global futures reacted with a swift move higher and are trading more than 1% higher on average, led by a 2.3% jump in the NIKKEI. Yesterday markets trade higher on US China trade optimism, US and EU equity markets traded higher and closed the trading day at daily highs. FX markets saw a sharp reversal of the sterling from 2019 lows, led by the rejection of the no-deal Brexit plan and profit taking in the dollar and JPY, both trading near 2019 highs. Metals traded higher on a weaker dollar, hitting fresh new 2019 highs for Gold, at $1,557 per ounce and Silver, $19.49 per ounce. Oil prices reversed sharply on markets trade optimism to close higher 4.2%, at $55.94 per barrel, the best move for Oil in more than two months, that’s ahead of the Inventories numbers today in the afternoon.
US ADP Non-Farm Employment Change at 1:15 pm, Oil Inventories at 3:30 pm and SNB Chairman Jordan speech at 5:00 pm are the important news on the agenda Thursday. (all times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 4.9.19 | 1.13% | 0.42% | 0.98% | 0.55% | 0.52% | 4.2% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| -0.97% | -0.68% | 0.6% | 1.02% | -0.85% | 1.94% | 3.44% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| -0.58% | 1.21% | 0.59% | 1.21% | 0.88% | 2.45% | 1.83% |
| 1 YEAR | -0.13% | -0.98% | 5.17% | 4.08% | -6.31% | 19.73% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| GBPUSD | 2103 | 0.8 | 1,100 | 4/9 | 2160 | SL changed |
| SILVER | 18.11 | 2000 | 2,290 | 30/8 | 18.99 | SL Changed |
| OPEN PROFIT | $3,390 | |||||
Silver traded at fresh 2019 highs $19.49 per ounce yesterday.
Sterling “hammer” reversal from 2019 lows on daily chart a big 100 pips plus winner yesterday.
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