Global markets rebounded late and US markets closed in positive territory despite WHO declaration that the coronavirus a global outbreak. EU markets are marginally higher this morning following a red day yesterday and the Nikkei is up 1% this morning following the late US rebound as markets expect positive from the steps taken from the Chinese government to stop the epidemic. FX markets finally saw the dollar index lose ground after 5 positive days. the index is at 97.9 this morning. Gold closed higher for the 4th day in a row yesterday, at $1,578 per ounce and is trading lower this morning while Silver traded sharply higher yesterday, closing at $17.76 per ounce and up 2.2% on the day. Oil price continue to dive on global slowdown fears and higher than expected US stockpiles, closing at $52.57 per barrel yesterday, at 5-month lows yet showing a double bottom pattern on daily chart.
CAD GDP at 1:30 pm and US Chicago PMI at 2:45 pm are the important news on the agenda Friday, (All times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
Oil prices show support on all time frames at the $50 area.
Silver prices jumped 2.2% yesterday as investors move into “safe heavens” fearing the spread of the coronovirus and possible slowdown in global growth near term.
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.