The dollar traded lower versus majors as investors move into the Euro and Sterling, hoping for a move forward in the US China trade deal and for the UK Conservative party to go thru with the Brexit ongoing process. A Chinese report overnight painted a positive picture in the trade talks that have been a drag on global economies over the past 14 months. Most other FX markets traded a lackluster Monday session, trading mostly sideways on very little market moving news. US and EU equity markets traded mostly sideways, closing the trading day near the flatline, as expected from a low volume Monday session. Gold and Silver trader marginally higher on the weaker dollar, Gold closed at $1,471 per ounce and Silver at $17.04 per ounce. Oil turned sharply lower, losing 1.5% yesterday to a $56.84 close after a Reuters poll showed US inventories are rising for the 4th week in a row, putting pressure on a saturated market that shows record US crude production levels and no concrete signs of a global recovery and growth progress.

US Building Permits and Housing Starts at 1:30 pm and FOMC member Williams speech at 2:00 pm are the important news on the agenda Tuesday. (all times GMT). 

Global Markets 24 hours wrap-up
1 YEAR17.45%4.38%18.94%17.23%6.74%19.47%
Swing report
EURSX50367083205/113670SL changed
OIL57.88-33618/1157.4 stopped out
GBPUSD2963 -1519/112960new position
GOLD145860-1812/111458stopped out
OPEN PROFIT  $305   

The Sterling traded higher yesterday in expectation of an upcoming Brexit resolution. 

EU equity markets show strength ahead of the Brexit and the US China upcoming trade deal.

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.