The dollar traded mostly sideways versus majors, closing the week with marginal gains versus the JPY following a move away from safety in global markets Friday. Global equity markets traded higher across the board on higher treasury yields, signaling relief after last Wednesday alarming drop. EU and US equity markets traded higher more than 1% on average Friday, closing the week near the flatline and Asian markets are trading higher this morning as well as US futures. “Safe heavens” lost ground over the weekend, Gold and Silver prices are down sharply this morning, Gold is trading at $1,507 per ounce after trading above $1,535 last Wednesday and the JPY is also under pressure, trading lower from 2019 highs versus majors. Oil prices closed the week positive after 4 red consecutive weeks, at $55.67 per barrel, that’s mainly on markets optimism and OPEC pressure on global Oil production and supply levels.
There is no important news on the agenda Monday. (all times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 16.8.19 | 0.5% | 0.22% | 0.07% | -0.15% | -0.57% | 0.73% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| 0.26% | 0.19% | 0.04% | 0.26% | -0.32% | -0.81% | -1.4% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.06% | 1.31% | 0.71% | 1.22% | 1.41% | 0.66% | 1.7% |
| 1 YEAR | -5.31% | -5.84% | -0.83% | -1.3% | -7.84% | 16.85% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| EURJPY | 111.84 | 0.8 | 80 | 16/8 | 111.48 | |
| NASDAQ | 7509 | 12 | 1,920 | 15/8 | 7600 | SL changed |
| OPEN PROFIT | $2,000 | |||||
Nasdaq futures edge higher over the weekend as global recession fears slide
Gold trading lower from 5 year highs $1,535 per ounce last Wednesday
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.