The wildest day in 2019 by far unfolded yesterday following the release of the ECB easing program and the surprise cut in the interest rate to -0.5%. As a result, the Euro plunged nearly 100 pips then reversed sharply following the low inflation reading in the US that is likely to pave the way for the 0.5% rate cut later on this month by the Fed. While US equity markets responded with a move higher, closing 1% bellow all time highs levels, EU equity markets traded near the flat line. Metals went thru a wild swing on the ECB news, Gold prices jumped nearly $20 to $1,524 then reversed sharply to close marginally positive at $1,498 per ounce. Oil prices continue to selloff following the ease in the US Iran tensions and markets expectations that the sanctions on Iranian oil will be lifted to a degree, as well as questioning OPEC attempts to limit global outputs from Iraq and Nigeria to counter US record production levels. Prices traded sharply lower yesterday to a $55.12 per barrel close, looking at the first weekly red close after 4 consecutive green weeks.
US Retail Sales at 1:30 pm is the important news on the agenda Friday. (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
Oil traded sharply lower yesterday on US Iran tensions ease.
EUR swings wildly following the release of the ECB easing program.
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.