The dollar traded higher yesterday versus majors on improved US China trade talks environment and weakness in the Euro following weak German flash manufacturing reading. Most FX markets traded a narrow range session, with little market moving news on the agenda and the two major topics unsolved, the trade war and the ongoing Brexit process.EU and US equity markets traded a typical Monday session, very narrow trading ranges and very little overall participation from investors. EU markets traded 1% lower on average while US markets traded mostly sideways. Metals traded sharply higher during the early session yesterday, Silver prices closed up nearly 4%, at $18.45, the strongest move in more than a 3 weeks and Gold traded higher 1% to close at $1,521 per ounce. Oil closed near the flat line after a weak opening of the trading week, trading as low as $57.4 and closing the day at $58.4 per barrel, down 5.5 dollars over the past 5 trading days.
US CB Consumer Confidence at 3:00 pm is the important news on the agenda Tuesday. (all times GMT).
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Nasdaq futures higher this morning on improved US China trade talks and clear support at 7800.
After 2 weeks finally Gold trades up from support, updated Stop Loss is $1,510, locking in 20 dollars of profits.
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