The dollar traded mostly higher versus major following a calmer trading day in FX and global equity markets. “Safe heavens” lost ground to a move away from safety following yesterday sharp selloff and the return to green in global equity markets. Better than expected Retails Sales numbers, up 0.7% in July, rebuffed recession fears and supported the dollar yesterday before markets opened, sending US indexes to a positive close and calling of the alarms set of in the markets on Wednesday. All other FX markets traded mostly sideways, returning short term to the “vacation” mode, mid-August. Metals traded mostly sideways and are likely to close another positive week, Gold traded yesterday marginally higher to a $1,526 per ounce close. Oil traded lower on global growth fear as well as US increasing shale Oil production while OPEC and Saudi Arabia plans to cut production near term failed to impress investors. Prices closed lower more than 1%, at $54,57 per barrel.
There is no 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|
Nasdaq futures rebound yesterday from weekly lows
EURJPY long trade on reversal from 2019 lows and tested support level, risk is 30 pips
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.