The dollar is opening the trading week at 5-week lows versus majors as investors swing around FX markets looking for leadership and having a tough time finding it. The sterling traded sharply lower yesterday, losing 0.7% from 2019 highs as investors took profits following the result of the UK Election. Global equity markets continued their rally yesterday, all US leading indexes led by the heavy tech Nasdaq traded at all-time highs while EU markets are trading at 2019 highs as well. The positive sentiment is likely to continue as we approach the year end and the Holiday season which is typically a positive time for global markets. Gold and Silver traded sideways yesterday on the move from “safety” closing at $1,480 and $17.05 per ounce. Oil traded mostly sideways, awaiting news from OPEC+ and trading at 3-month highs following expectations of demand rebound following the US China trade agreement. Oil closed at $60.29, up 5 dollars from December lows.    

UK Earnings Index at 9:30 am and US Building Permits at 1:30 pm are the important news on the agenda Tuesday. (all times GMT). 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
16.12.19-0.7%0.17%0.4%0.23%-0.03% 0.52%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.34%-0.12%0.1%0.19%-0.03%0.45%2.22%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.12%0.94%2.25%1.23%1.12%-0.28%0.47%
1 YEAR24.47%11.01%24.83%23.15%11.37%26.14%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
       
       
       
EURJPY121.940.89016/12121.5new position
       
       
OPEN PROFIT  $90   

The JPY is under pressure as investors switch from “safety” to riskier FX markets following the relief in Global markets

The FTSE trades sharply higher on the UK Elections results. 

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.