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
-0.32% 0.35%0.44%0.61%0.03%-0.41%3.97%
1 YEAR-6.74%-6.48%-2.1%-2.81%-7.99%13.28%
Swing report
NASDAQ75091264015/87430new position
USDMXN19.650.8-27715/819.62stopped out
EURJPY117.840.82016/8117.48new position
OPEN PROFIT  $660   

Nasdaq futures rebound yesterday from weekly lows 

EURJPY long trade on reversal from 2019 lows and tested support level, risk is 30 pips

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