The dollar traded marginally lower after the disappointing NFP numbers Friday, while the markets brushed off the once market moving employment news and continue to focus on the US China trade war and upcoming Fed decision later on this month. Most FX markets traded a lackluster flat session, as well as US and EU equity markets, both traded a very narrow range session to close mostly to the upside. Futures are flat Monday morning after a mixed Asian session, with very little market moving news on the agenda today. Metals traded sharply lower Friday, Gold back to the $1,500 level and silver bellow the $18 per ounce level as investors took profits of the table and moved into riskier assets. Both assets will be on the lookout for a reversal move today, having pulled back sharply from 2019 highs. Oil prices traded Friday following expectations of further OPEC production cuts under a new Energy Minister. Oil prices closed higher at $56.34 per barrel, at 3-week highs.

UK GDP at 9:30 am is the important news on the agenda Monday. (all times GMT).

Global Markets 24 hours wrap-up
1 YEAR1.94%0.06%6.7%6.13%-4.47%20.79%
Swing report
GBPUSD21030.81,3804/9 2260 
EURJPY117.880.8 -209/9117.5 new position
OIL56.378-3056/956stopped out
GOLD151060409/91500new position
OPEN PROFIT  $1,400   

Gold long from $1,500 support level after a 2 day $50 pullback.

EURJPY long idea – Bull flag intraday pattern and low 37 pips risk.

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.