The dollar traded mostly sideways versus majors, closing the week with marginal gains versus the JPY following a move away from safety in global markets Friday. Global equity markets traded higher across the board on higher treasury yields, signaling relief after last Wednesday alarming drop. EU and US equity markets traded higher more than 1% on average Friday, closing the week near the flatline and Asian markets are trading higher this morning as well as US futures. “Safe heavens” lost ground over the weekend, Gold and Silver prices are down sharply this morning, Gold is trading at $1,507 per ounce after trading above $1,535 last Wednesday and the JPY is also under pressure, trading lower from 2019 highs versus majors. Oil prices closed the week positive after 4 red consecutive weeks, at $55.67 per barrel, that’s mainly on markets optimism and OPEC pressure on global Oil production and supply levels.
There is no important news on the agenda Monday. (all times GMT).
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Nasdaq futures edge higher over the weekend as global recession fears slide
Gold trading lower from 5 year highs $1,535 per ounce last Wednesday
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