The dollar traded marginally higher versus major after the BOE dovish statement and outlook sent the Sterling lower while most other FX markets traded a narrow range lackluster session and the move out of “safe heavens”, the CHF and JPY continued. EU, Asia and US equity markets traded mostly sideways on very narrow trading ranges as investors await more on the US China trade deal, yet the markets are trading at 2019 highs with to pullback in sight and trading higher now 5 days in a row in the EU and Japan. Metals traded sharply lower for the second day this week, that’s on the stronger dollar and the move out of “safety”, Gold closed at 6-week lows $1,469 per ounce and Silver plummeted 3% to $17.08 per ounce. Oil traded higher on markets optimism and expectations that the OPEC+ production cuts will stabilize the market. OIL traded higher nearly 1% to close at $59.91 per barrel.
CAD Employment Change at 1:30 pm is the important news on the agenda Friday. (all times GMT).
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EURSX50 index traded higher 5-day in a row yet looking weak this morning on US China trade worries.
BOE rate decision and dovish outlook sent the Sterling lower versus majors yesterday.
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