Global equity markets are opening Friday morning off the weekly highs however both leading markets are trading at 2020 highs and all US leading indexes reach all-time highs yesterday as investors look ahead beyond the coronavirus scare. The focus is shifting today to the US NFP number that are likely to show more US job market strength into 2020 and should support more upside for the dollar in FX markets as well. The dollar index is at 98.55 this morning, at 5-month highs and looking strong as investors switch back from the safe heavens, the CHF and JPY. Metals traded higher yesterday after a very poor performance this week, Gold close at $1,570 per ounce and Silver at $17.82 per ounce, up 1.3% on the day. After a strong close on Wednesday, Oil prices traded a flat session yesterday as investors look into near term demand versus OPEC+ production cutting efforts and US soaring outputs near term. Oil close the day at $50.98 per barrel, marginally green on the day.
US Non-Farm Employment numbers and CAD Employment rate at 1:30 pm are the important news on the agenda Friday, (All times GMT).
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EURSXX50 trades at 2020 highs after 4 winning sessions this week.
Nasdaq futures trading at fresh all time highs this morning after a stellar performance this week.
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