The dollar closed the trading weak on a strong note, up 0.56% for the week after a series of positive economic news capped by a better that expected GDP reading on Friday. Overall that was the best week for the dollar in 6 weeks. Most FX markets traded a lackluster session and the Sterling traded mostly sideways after the UK Parliament finally voted to exit the EU and voted to reach a trade agreement by the end of 2020. US and EU equity markets closed the week higher, the Nasdaq closed the week up for the 14-th time out of the last 15 trading weeks and at all-time highs. Gold closed the trading day near the flat line, marginally higher at $1,478 per ounce and Silver traded higher, up 3 weeks in a row to a $17.04 per ounce close. Oil closed the week lower, breaking a 7-day winning streak and at three weeks of gains on profit taking – closing at $60.4 per barrel and at 15-month highs.

CAD Final GDP and US Durable Goods Orders at 1:30 pm are the important news on the agenda Monday. (all times GMT). 


Global Markets 24 hours wrap-up
20.12.19-0.12%0.22%-0.32%-0.38%0.3% -1.33%
1 YEAR25.25%12.81%28.27%25.86%18.12%30.95%
Swing report

Profit taking looms for OIL investors after a 3 week rally on US China trade agreement relief.

FX markets had little reaction to the UK Parliament Brexit vote Friday, setting a late 2020 target for the Brexit trade agreement.

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.