The dollar traded mostly sideways yesterday versus FX markets awaiting the important NFP numbers set to be released at 8:30 am EST. Investors are looking for any reason to find leadership in the FX markets that lacks direction since the Fed took any option for the dollar rate hikes in 2020 of the table. Global equity markets rally for the third day in a row this week following the ease in the Middle East US Iran tensions, as US and EU indexes are trading at record 2020 levels ahead of the start of earnings season next week. Gold and Silver closed lower yesterday as investors move from “safety”, Gold closed lower at $1,555 per ounce and Silver prices plummeted 1.2% to a $17.93 per ounce close. Oil prices stood firm following the big down day Wednesday, closing at $59.6 per barrel, marginally lower on the day as investors look at the US Iran tensions as the near-term driver for prices.
US NFP employment numbers and CAD Employment change at 1:30 pm are the important news on the agenda Friday. (all times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 9.1.20 | -0.31% | 0.31% | 0.28% | 0.05% | -0.33% | -0.03% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| 0.08% | -0.03% | -0.2% | 0.12% | 0.32% | -1.21% | 1.14% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.12% | 1.31% | 0.53% | 0.19% | 0.62% | 0.47% | -0.03% |
| 1 YEAR | 23.88% | 10.01% | 25.53% | 23.63% | 18.28% | 35.49% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| GOLD | 17.77 | 60 | 80 | 10/1 | 17.99 | new position |
| AUDUSD | 6875 | 0.8 | 20 | 8/1 | 6900 | |
| OIL | 59.44 | 8 | 10 | 10/1 | 60 | new position |
| OPEN PROFIT | $110 | |||||
Oil prices stabilize yesterday following the 5% drop on Wednesday, as Middle east tensions subsides.
Gold will be in focus for investors today following the release of NFP numbers and if tensions scale in the Middle East.
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.