The dollar traded higher versus majors as investors feel confident on the path of the US China trade deal and positive US data overall. The JPY moved lower on a run from safety and the CAD traded sharply lower versus the dollar after a disappointing GDP number Friday afternoon. Global equity markets traded higher Friday and are opening higher this morning on optimism for a trade deal close, maybe by the end of March, reversing all December losses and looking up for more this month. Metals payed the price for investors run from safety and the stronger dollar taking a big hit Friday, trading lower across the board while Oil traded lower to close at 55.76$ per barrel, nearly 3% down on the week, despite OPEC proposed cuts – mainly on US record shell production levels.
There is no important news on the agenda Monday.
Swing trades follow up