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 | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 18.10.19 | 0.45% | -0.1% | 0.1% | 0.22% | 0.2% | -1.52% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| 0.72% | -0.13% | -0.15% | -0.23% | -0.08% | 0.34% | -5.13% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| -0.21% | -0.26% | 0.07% | -0.16% | -0.19% | -0.53% | 0.72% |
| 1 YEAR | 17.45% | 4.38% | 18.94% | 17.23% | 6.74% | 19.47% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| EURSX50 | 3670 | 8 | 320 | 5/11 | 3670 | SL changed |
| OIL | 57.8 | 8 | -336 | 18/11 | 57.4 | stopped out |
| GBPUSD | 2963 | -15 | 19/11 | 2960 | new position | |
| GOLD | 1458 | 60 | -18 | 12/11 | 1458 | stopped 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.
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