The dollar charged higher to two-month highs following the better than expected GDP reading Friday before equity markets opened, gaining versus the Euro and sterling, both trading at 2019 lows Friday. Most other FX markets traded a lackluster session, as investors eye at the upcoming Fed meeting this coming Wednesday and to the resume of the trade talks between US and China. Global equity markets traded higher across the board, the Nasdaq and S&P 500 at fresh all-time highs and EU markets near 2019 highs as well. Metals traded mostly sideways, Silver investors saw their best 12-day rally in years halt momentarily after a 9% move, while Gold prices ticked higher and closed at $1,413 per ounce. Oil prices are opening the trading week on a negative tone, trading at $56.11 per barrel after some easing in the US Iran tensions and global growth worries amongst the reasons for the move lower 0.4%. Oil closed the previous week positive on Friday, up 1.2%.
There is no important news on the agenda Monday. (all times GMT).
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USDCAD long 3120, SL updated to 3148, target 3200
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