The dollar traded marginally lower after the disappointing NFP numbers Friday, while the markets brushed off the once market moving employment news and continue to focus on the US China trade war and upcoming Fed decision later on this month. Most FX markets traded a lackluster flat session, as well as US and EU equity markets, both traded a very narrow range session to close mostly to the upside. Futures are flat Monday morning after a mixed Asian session, with very little market moving news on the agenda today. Metals traded sharply lower Friday, Gold back to the $1,500 level and silver bellow the $18 per ounce level as investors took profits of the table and moved into riskier assets. Both assets will be on the lookout for a reversal move today, having pulled back sharply from 2019 highs. Oil prices traded Friday following expectations of further OPEC production cuts under a new Energy Minister. Oil prices closed higher at $56.34 per barrel, at 3-week highs.
UK GDP at 9:30 am is the important news on the agenda Monday. (all times GMT).
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Gold long from $1,500 support level after a 2 day $50 pullback.
EURJPY long idea – Bull flag intraday pattern and low 37 pips risk.
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