The Sterling was the bright star in the FX markets yesterday, trading at 5-month highs versus the dollar as the EU and Britain are steps from closing on the Brexit deal, meetings are set for Thursday and Friday. The sterling traded yesterday at 1.2750 versus the dollar and at 0.8650, 6-month highs versus the Euro. The positive sentiment carried into EU equity markets and US equity markets, both traded higher across the board other than UK markets which closed flat on the stronger sterling. The strong opening of the US earnings season contributed to the rally in global markets, up more than a percent on average. Metals fell sharply yesterday, trading lower on the move away from safety, Gold closed at $1,481 per ounce and Silver at $17.18 per ounce, down more than 1.5% on the day. Oil traded lower despite the strength in global equity markets, that’s on concerns of a global economic slowdown and despite OPEC production cutting efforts. Oil closed at $52.96 per barrel, down 1.3% on the day.

ECOFIN meeting all day, CAD Employment change at 1:30 pm and US China trade talks in the afternoon are the important news on the agenda Friday. (all times GMT). 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
15.10.191.37%0.44%0.46%0.05%-0.85% -1.34%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.12%0.19%-0.32%0.1%-0.26%-1.55%2.58%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.17%1.15%-0.03%1.04%1.19%1.2%-0.31%
1 YEAR7.25%2.16%10.23%10.48%-0.02%26.54%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
NASDAQ7848885011/107850SL changed
OIL53.2588015/1054 
       
       
       
       
OPEN PROFIT  $930   

Nasdaq futures traded higher yesterday on positive earnings and Brexit news.

GBPUSD closed yesterday at 5-month highs as the BREXIT agreement is finally coming to a close.

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.