The dollar traded higher across the board yesterday and at fresh 2019 highs versus the Euro as investors turn away from currencies of the troubled Eurozone sending both the sterling and euro lower, drifting away from US political turmoil and focusing on the Brexit and weak economic Eurozone data. The Euro weakness however is expected to play in favor of EU companies increased ability to compete in global markets and this is the path the ECB took when announcing the rate cut 2 weeks ago. US equity markets traded lower on US China trade worries and the political woes of US President Trump, while EU markets traded marginally higher on a weaker Euro. Metals traded sideways after yesterdays big selloff and are looking vulnerable to the stronger dollar near term. Gold closed at $1,506 per ounce and silver at $17.72 per ounce. Oil prices continued their slide for the 4th day in a row this week, closing at $56.5 per barrel yet showing support at the $55.4 per barrel level on the daily chart. Oil prices are now just more than a dollar away from closing the 20% gap that opened on the Saudi oil facilities attack 12 days ago.

US Durable Goods Orders at 1:30 pm and is the important news on the agenda Friday, (all times GMT).

Global Markets 24 hours wrap-up
1 YEAR-1.18%-2.58%1.45%2.39%-8.06%13.2%
Swing report
OIL58.6581,95020/956.7 SL changed
OPEN PROFIT  $2,210   

The sterling traded lower after another setback in the Brexit ongoing process.

Oil lower for the fourth day in a row this week, looking at the 20% gap close.

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.