The dollar traded marginally higher versus majors other than the MXN as most FX markets had little or no reaction too the US President Trump speech yesterday. Brexit news are on the table for the Sterling and more US China trade news will affect the dollar near term. US and EU equity markets continue to trade at 2019 highs and all-time highs respectively, however the markets lack any momentum at this point and need a pullback or a news bust to press further to new highs. EU markets are up 4% over the past month and the Nasdaq is up 5.3% over the same period. Metals traded marginally higher yesterday, Gold closed at $1,459 per ounce and Silver at $16.8 per ounce, both looking for direction as “safety” plays and versus the dollar. Oil traded mostly sideways, closing near the flat line at $56.75 per barrel and looking ahead to the OIL Inventories numbers today at 10:30 am US.
UK CPI at 9:30 am, US CPI at 1:30 pm and Fed Chairman Powell Testimony at 4:00 pm are the important news on the agenda Wednesday. (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
Gold looks higher from support on global markets pullback this morning
EURSXX50 index lower this morning on US China trade worries and profit taking at 2019 highs
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.