The dollar traded mostly sideways versus majors and sharply lower versus the JPY as investors look for safety in FX markets following a pullback from 2019 highs in EU and US equity markets. Weakness in the DOW and profit taking at 2019 highs sent US equity markets lower and the move to safety was complemented by another leg up in gold and metals. Oil markets were another place of weakness yesterday following reports that OPEC will raise its output to make up for the Iranian production deficit following the recent US sanctions and record crude production numbers from US producers, making room for more US produced global market share and undermining OPECs supply control efforts. Oil closed lower yesterday, at 65.1$ per barrel.
US Advanced GDP at 1:30 pm is the important news on the agenda Friday. (all times GMT).
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
25.4.19 | -0.22% | -0.59% | -0.72% | -0.11% | 0.88 % | -1.55% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
-0.61% | -0.05% | 0.08% | -0.42% | -0.18% | 0.4% | –% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.07% | -0.25% | -0.5% | -0.33% | -0.31% | -0.68% | 0% |
1 YEAR | -1.74% | 0.17% | 1.91% | -0.4% | -0.65% | 4.69% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
USDCAD | 3447 | 0.7 | 170 | 24/4 | 3415 | |
AUDJPY | 78.6 | 0.7 | 120 | 24/4 | 78.85 | |
NASDAQ | 7698 | 8 | 806 | 17/4 | 7794 | Stopped out |
GOLD | 1272 | 40 | 300 | 18/4 | 1272 | SL Changed |
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OPEN PROFIT | $690 |