The dollar and most FX markets traded mostly sideways opening the trading week on a flat note with no major news on the agenda and positive US China trade sentiment. The sterling traded higher versus the dollar following the big selloff day Friday as sentiment switch once more and investors await the UK vote on the Brexit, following the UK elections. Most other FX markets traded a lackluster session. US and EU equity markets reacted positively to the US China trade news, closing sharply higher at all-time highs in the US and near 2019 highs in the EU. Metals continue their slide on the move away from “safety”, Gold closed at $1,454 per ounce and Silver at $16.86 per ounce, both closing lower on the day. Oil traded higher on markets optimism to a $58.03 close, that’s following expectations of OPEC+ continuing their production cuts thru 2020 on one hand and record US production levels and inventories on the other.
US CB Consumer Confidence, New Home Sales and Richmond Manufacturing index at 3:00 pm are the important news on the agenda Tuesday. (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
The Sterling traded higher yesterday in expectation of an upcoming Brexit resolution.
Oil prices reversed higher yesterday on global markets US China trade optimism.
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.