The dollar traded lower versus majors Friday and looks lower opening the trading this morning versus the Sterling and Euro. With no news on the agenda investors will focus on any US – China trade news as well as any Brexit outcome that’s now backed by UK Prime Minister Johnson confidence for the Dec 12 Parliament vote. All other FX markets traded mostly sideways while EU and US equity markets traded in positive territory despite tight trading ranges and lower volumes and closed at 2019 highs and all-time highs respectively. Gold traded lower to a negative close at $1,467 per ounce and Silver traded lower as well, closing at $16.91 per ounce, both negative on a move from “safety” despite the weaker dollar. Oil traded sharply higher Friday, closing the week with stellar gains of 1.8% following optimism for a US – China trade deal, but worries about US increasing crude supplies capped prices. Oil closed at $57.8 per barrel, up nearly $2 for the week.

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

Global Markets 24 hours wrap-up
1 YEAR16.76%4.12%18.19%16.69%8.01%19.98%
Swing report
OIL57.8830018/1157.4new position
OPEN PROFIT  $950   

Oil looks higher this morning, after climbing 1.8% Friday on US China trade optimism.

Sterling looking at 2019 highs following UK Prime Minister Johnson statements on Friday.

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.