October 24, 2018. The dollar traded mostly sideways versus majors as FX markets ignored the wave of selloff in global equity markets to trade a lackluster eventless session. Global equity markets traded sharply lower yesterday yet markets led by US technology stocks staged a 2% comeback late in the session. EU markets are trading now at post Brexit prices, losing 20 months of gains as investors fear rises on Italian budget woes on news that the EU has rejected the Italian proposed budget. Metals traded sharply higher on a softer dollar and a run to safety while Oil took a 4% dive, its biggest in 4 months on demand fears and Saudi Arabia commitment to meet outputs, closing at 66.12$ per barrel, at 8 week lows.

CAD BOC rate statement at 3 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
23.10.18 0.19% -0.33% -0.24% 0.09% 0.75% -4.05%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.62% -0.08% 0.11% -0.21% -0.08% 1.25% 1.1%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.08% -2.17% -1.24% -1.69% -1.54% 0.61% 1.21%
1 YEAR -13.3% -7.57% -7.92% -13.01% 1.55% -18.62%

 

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 71.94 6 3200 15/10 67.4 SL changed
USDMXN 18.78 0.7 2000 16/10 19.33 Stopped out
             
OPEN PROFIT     $3200      

 

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