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 | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 12.9.19 | 0.07% | 0.28% | 0.77% | 0.49% | 0.2% | -1.31% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| -0.37% | -0.2% | 0.03% | 0.31% | 0.18% | -0.11% | 0.86% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| -0.28% | 0.41% | 0.09% | 0.44% | 0.63% | 1.05% | 0% |
| 1 YEAR | 3.14% | 0.4% | 5.38% | 6.38% | -3.65% | 22.73% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| EURJPY | 119.81 | 0.8 | -40 | 13/9 | 119.5 | new position |
| OIL | 56.28 | 8 | 1,100 | 12/9 | 55.1 | SL changed |
| GOLD | 1490 | 60 | 790 | 9/9 | 1480 | |
| OPEN PROFIT | $1,840 | |||||
Oil traded sharply lower yesterday on US Iran tensions ease.
EUR swings wildly following the release of the ECB easing program.
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