US President Trump surprised global markets yesterday with a new set of tariffs to be imposed on Chinese imports to the US, 10% on 300B worth of imports as soon as September 1st, sending global markets sharply lower, “safe heavens” sharply higher and Oil to its biggest one day decline in more than 4 years. The JPY traded sharply higher versus majors as FX investors moved into “safe heavens”, rushing out of the AUD. EU equity markets are likely to follow US and Asia lower this morning, while US equity markets will expect the NFP numbers and more earnings today. Gold traded sharply higher on a move to safety following Trumps tweet yesterday, Gold prices closed up $27 at $1,438 per ounce, back near 2019 highs. Oil prices tumbled on the tweet, trading at $54.46 per barrel after a steady climb this week. Weak US construction data and lower than average refineries outputs also weighed on Oil investors yesterday.
US NFP and Employment rate and CAD Trade Balance at 1:30 pm are the important news on the agenda Friday. (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
|OPEN PROFIT||$0||MTD -$437|
Oil prices tumbled 7% on Trump tweet
Nasdaq futures reverse a 1.8% gain into a 1% losing day on Trumps tariffs tweet
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.