US futures are lower this morning on renew China Honk Kong tensions and EU markets are trading in negative territory after an overnight selloff session in Asian markets. The Hang Seng index tumbled more than 4% overnight and mainland China leading index, the CSI 300 closed down 2.29% as investors fear the tensions will spread into the US China trade negotiations and flare tensions between US President Trump and the Chinese ruling party. FX markets reacted with a swift move into safe heavens, this time the USD joined the JPY and both traded overnight higher versus majors. The dollar index trades at 99.78 this morning, up 0.4%. Gold and Silver investors reacted positively to the overnight Asian equity markets selloff, Gold is up 0.62% and trading at $1,732 per ounce this morning while Silver trades at $17.48 per ounce, up 0.58%. Oil finally retreated after a 10-day rally, down 4.66% as investors took profits of the table and sent price down to $32.41 per barrel this morning.

There is no important news on the agenda Friday, (all times GMT). 

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
22.5.20-0.44%-0.27%-1.07%-0.8%0.72%-4.66%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.28%0.57%-0.8%-1.07%0.82%1.04%0.47%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.4%-0.08%-0.4%0.15%-0.08%-0.8%-2.29%
1 YEAR-10.36%-19.04%
-18.57%-15.47%-4.21%4.79%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
AUDUSD652616019/56500 
       
       
       
       
       
OPEN PROFIT  $60   

The Japanese Yen traded sharply higher overnight as investors took the  “safe heaven” route on renewed US China Hong Kong tensions.

Nasdaq futures are pointing marginally lower this morning as investors fear the renewed China Hong Kong tensions will spill into the US China trade agreement.

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