The dollar traded lower capping a trading week which saw FX markets investors move into safe heavens on another rout in global equity markets, triggered by growth fears and the lack of clarity on the US China trade war situation and its implications on global markets. EU equity markets closed the trading week at 24 month lows while US equity markets are sitting at zero gains for 2018 and looking vulnerable into the last two trading weeks ahead of what will be most likely the worst finish of the year in 10 years. Metals traded higher on a weaker dollar and Oil managed to close at 52.05$ per barrel, flat for the week despite OPEC proposed production cuts.

UK GDP and Manufacturing Production at 10:30 am are the important news on the agenda Monday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
7.12.18 -0.49% -0.23% 0.22% 0.37% 1.09% 0.29%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.28% -0.32% -0.6% -0.74% -0.74% 1.1%  -0.15%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.33% -0.21% 1.1% 0.68% 0.41% -2.12%  -1.14%
1 YEAR -17.98% -8.33% -10.85% -14.84 -6.98% -21.43%

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 6818 7 -264 7/12 6780 Stopped out
GBPUSD 2770 0.7 290 7/12 2800  
USDCAD 3395 0.7 -198 7/12 3360 Stopped out
             
OPEN PROFIT     $290      

 

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