The dollar traded marginally higher versus majors other than the MXN as most FX markets had little or no reaction too the US President Trump speech yesterday. Brexit news are on the table for the Sterling and more US China trade news will affect the dollar near term. US and EU equity markets continue to trade at 2019 highs and all-time highs respectively, however the markets lack any momentum at this point and need a pullback or a news bust to press further to new highs. EU markets are up 4% over the past month and the Nasdaq is up 5.3% over the same period. Metals traded marginally higher yesterday, Gold closed at $1,459 per ounce and Silver at $16.8 per ounce, both looking for direction as “safety” plays and versus the dollar. Oil traded mostly sideways, closing near the flat line at $56.75 per barrel and looking ahead to the OIL Inventories numbers today at 10:30 am US.

UK CPI at 9:30 am, US CPI at 1:30 pm and Fed Chairman Powell Testimony at 4:00 pm are the important news on the agenda Wednesday. (all times GMT). 

Global Markets 24 hours wrap-up
1 YEAR15.79%4.42%16.03%15.11%6.92%20.47%
Swing report
GOLD14586027012/111450new position
OPEN PROFIT  $500   

Gold looks higher from support on global markets pullback this morning

EURSXX50 index lower this morning on US China trade worries and profit taking at 2019 highs

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