The dollar traded mostly sideways as investors look into the upcoming CPI number today in the afternoon for clues on dollar future path and ahead of the ECB meeting tomorrow. Most FX markets traded in narrow ranges leaving volatility to the equities markets where futures traded sharply higher in the morning, then turned negative and closed flat then turned again positive overnight on positive trade news coming out of China. EU equity markets reversed higher from 24 month lows as investors look to the upcoming ECB meeting for clues on EU economies path near term. Oil traded higher ahead of the inventories number today in the afternoon and metals traded mostly sideways with no major market moving news on the agenda.

US CPI at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
11.12.18 -0.25% 0.15% -0.21% -0.38% -0.12% 1.92%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 -0.31% 0.24% 0.28% 0.41% -0.21% 0.24%  0.32%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
0.26% 1.49% 1.27% 1.35% 1.27% 2.15%  0.36%
1 YEAR -18.23% -9.25% -11.44% -15.14% -5.53% -21.2%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 52.55 7 740 10/12 51.5 Stopped out
GBPUSD 2770 0.7 1109 7/12 2605 Stopped out
USDCAD 3414 0.7 -134 11/12 3388 Stopped out
NASDAQ 6700 7 440 11/12 6650 New position
NASDAQ 6684 7 540 11/12 6650 New position
             
OPEN PROFIT     $980