FX markets traded mostly sideways yesterday, with no major moves and little reaction following the FED decision Wednesday afternoon to move lower on US interest rates to 2%. The dollar traded at 8-week lows versus the sterling after a positive Brexit statement from EU Commission President Juncker and BOE decision to stay put with interest rates at 0.75%. Most other FX markets traded sideways with very little market moving news on the agenda. EU and US equity markets traded in sideways or in positive territory, closing flat in the US and higher in the Eurozone. Metals traded mostly sideways yet Gold managed a marginally positive $1,499.5 per ounce close while Silver traded sideways for a $17.65 per ounce close. Oil managed to stabilize at $58 per barrel and traded a lackluster narrow range session after a most volatile week, trading lower down to $58 per barrel from $63 weekly highs Monday and closing at $58.7 per barrel yesterday.

CAD Retail Sales at 1:30 pm and FOMC Member Rosengren speech at 4:20 pm are the important news on the agenda Friday. (all times GMT).

Global Markets 24 hours wrap-up
1 YEAR1.06%-0.15%3.91%4.39%-6.74%18.83%
Swing report
OIL58.658  -6020/959.6   new position
OIL58.898-32018/959.3stopped out
OPEN PROFIT  $860   

Sterling higher following BOE rate decision and positive Brexit agreement remarks from EU’s Juckner.  

Gold trades sideways from $1,480 per ounce support, trade long still alive after more than a week.

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.