The dollar traded lower versus majors yesterday as investors switch to the sterling, now trading at 5-month highs versus the dollar and the Euro, that’s in expectation of a trade deal set to be signed today and still needs to be approved by the UK Parliament on Sunday. The dollar moved lower also versus the EU currencies, trading at 5-month lows versus the Euro and 1-month lows versus the CHF. EU and US equity markets traded mostly sideways, EU equities closed lower 0.3% and US markets traded flat. Metals gained marginally on the weaker dollar, Gold closed higher at $1,492 per ounce and Silver at $17.40 per ounce. Oil traded higher on the Inventories numbers, closing higher 1.2% at $54.21 per barrel, that’s after a rise of 9.3 million barrels in US stockpiles that was offset yesterday by OPEC/Russia proposed production cuts and markets optimism towards the Brexit and a US China trade deal.
EU Economic Summit all day and BOE Gov Carney speech at 6:45 pm are the important news on the agenda Friday. (all times GMT).
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Nasdaq futures flat yesterday despite strong a Netflix earnings report.
GBPUSD at 5-moth highs and expecting more upside ahead of the UK Parliament vote on Sunday.
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