US S&P 500 futures are 0.55% lower this morning, Nasdaq futures are down another 1.1% on top of yesterday 2.8% selloff as investors take profits off the table on US-China tensions and ahead of Apple earnings next week. EU equity markets are trading sharply lower as well, the EURSXX50 and the DAX are down more than 1.4% and Asian markets traded lower overnight as well. FX markets moved as expected to the JPY and CHF, both sharply higher versus majors this morning, while the dollar trades flat, at 94.76, up 0.07%. Gold futures are higher this morning on the move to safety and the weakness of the US dollar, trading higher by 0.25 at $1,892 per ounce while Silver futures are lower, trading at $22.8 per ounce. Despite the pullback in equity markets Oil prices remained stable this morning, trading at $41.2 per barrel, up 0.3%, that’s on the weaker dollar and expectations of another economic relief package to be delivered by the Congress to US businesses near term.

US Flash Manufacturing PMI at 9:45 am is the important news on the agenda Friday, (all times EST).

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
24.7.200.5%
-0.9%-0.66%0.22%0.22%0.55%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
0.25%-0.25%-0.52%0.25%0.32%-0.65%-1.75%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.07%-1.61%-1.26%-1.88%-1.54%-0.58%-4.39%
1 YEAR2.44%-18.55%
-11.46%-6.32%5.23%17.95%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
       
       
       
       
       
       
OPEN PROFIT  $0   

EU markets and Nasdaq futures are sharply lower on profit taking and the US China rising tensions.

Gold record breaking streak is a 4 straight days, trading at fresh 2020-highs on dollar weakness and the US China tensions.

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.