The dollar traded higher versus majors to reach a 23 month highs of 98.18 following an array of bad news coming out of Australia, EU and Canada. Weakness in the commodities economies coupled with weak German data pushed the dollar higher for no reason other than weakness in its counterparts. Earnings season trading was not a positive one across the indexes in the US however the after close signaled another leg up in technology following better than expected MSFT and FB earnings. So far US earnings strength did not spill into the EU markets earnings which seem unimpressive at best. Metals moved higher on a move to safety despite dollar strength and OIL lost near 1% following the higher than expected US stockpiles and record production coming out of US shell of 12.2 million bpd, outpacing Russia and Saudi Arabia. Oil closed lower at 65.75$ per barrel.
US Durable Goods Orders at 1:30 pm is the important news on the agenda Thursday. (all times GMT).
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
24.4.19 | -0.26% | 0.29% | -0.34% | -0.63% | 0.39% | -0.81% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
0.78% | 0.05% | -1.27% | -0.94% | 0.48% | 0.84% | 0.29% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.44% | 0.63% | -0.68% | -0.28% | -0.03% | 0.5% | -0.84% |
1 YEAR | -0.88% | 1.25% | 3.01% | 0.48% | 0.3% | 4.51% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
USDCAD | 3447 | 0.7 | 240 | 24/4 | 3415 | |
AUDJPY | 78.6 | 0.7 | -10 | 24/4 | 78.85 | New position |
NASDAQ | 7698 | 8 | 1410 | 17/4 | 7794 | SL Changed |
GOLD | 1272 | 40 | 90 | 18/4 | 1265 |
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OPEN PROFIT | $1740 |