The dollar traded lower versus majors as “safe heavens” continue to lose ground and investors look up to the next set of talks between the US and China and the upcoming Fed meeting later on this month. Most FX markets traded higher versus “safe heavens”, the JPY and CHF are now lower 4 out of the 5 last trading days and the JPY is at 5-week lows versus the dollar. Global equity markets traded an inside day, on little market moving news and trading a typical Monday session. The FTSE100 is the only major global index that’s in the red for the past 30 days while the Chinese CSI300 is up 8.7% for that period. Metals continued lower yesterday, Gold closed bellow the $1,500 level and is trading this morning at 4-week lows, $1,489 per ounce, down more than 5% from 2019 highs. Oil closed higher more than 2.6% yesterday as investors hope for more Russia and OPEC production cuts, sending prices to a 6-week high and a close of $58 per barrel, up now for the last 4 sessions in a row.
UK Average Earnings and Unemployment rate at 9:30 am is the important news on the agenda Tuesday. (all times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 9.9.19 | 0.54% | 0.25% | 0.44% | 0.21% | -0.42% | 2.67% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| 0.24% | 0.46% | 0.25% | 0.74% | -0.1% | -0.02% | 3.85% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| -0.1% | 0.28% | -0.64% | -0.27% | 0% | 0.26% | -0.49% |
| 1 YEAR | 2% | -0.6% | 6.06% | 5.61% | -4.47% | 22.3% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| EURJPY | 117.88 | 0.8 | 500 | 9/9 | 118.32 | SL changed |
| GOLD | 1490 | 60 | -70 | 10/9 | 1480 | new position |
| GOLD | 1510 | 60 | -602 | 9/9 | 1500 | stopped out |
| OPEN PROFIT | $430 | |||||
EURJPY a 60 pips winner yesterday as investors shun away from “safe heavens”.
Gold long trade idea after a 5 day pullback from 2019 highs.
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.