The dollar traded marginally lower on profit taking after two strong gaining days and fresh worries for the US China trade deal after the meeting between US President Trump and China leader Xi Ping has been delayed until December. The sterling will be the market in focus for FX investors on the BOE meeting and rate decision later on today. Global equity markets traded a flat day across the globe, EU, US and Asian markets all traded near the flat line or marginally positive. Gold and Silver reversed some of yesterdays steep loses, Gold closed at $1,493 per ounce and Silver at $17.60 per ounce, both marginally in the green. Oil traded sharply lower, losing nearly 1.5 % after the Inventories numbers came at 8.7 million barrels, versus the 1.5 million expected and US exports fell by 1 million barrel per day, back to 2.4 million. The delay in the US China phase one deal is likely to have a negative impact on prices near term. The negative close yesterday is another setback for OPEC+ price stability efforts as well.
EU Economic Forecast at 11:00 am, BOE Rate decision at 1:00 pm and BOE Gov Carney speech at 1:30 pm are the important news on the agenda Thursday. (All times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
The sterling will be in focus for FX markets investors today on BOE rate decision at 1:00 pm.
Oil trades higher this morning after the big red day yesterday on the Inventories numbers.
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.