The dollar traded higher versus majors as investors look ahead to the Wednesday FOMC meeting and move into the dollar following another weak session in US and global equities markets. The Brexit unsolved saga kept the sterling from moving higher while the aftermath of the ECB press conference left the Euro trading mostly lower. Metals traded lower on a stronger dollar and Oil came down after yesterday stellar gains as the near future price action turn again negative on growth worries, the dollar and record US shell production. which will become an increasing challenge for OPEC proposed production cuts to take effect on prices. Oil closed at 51.37$ per barrel, the 11-th week in a row close in red for OIL.

There is no important news on the agenda Monday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
13.12.18 -0.58% -0.26% -0.77% -0.49% -0.47% -2.81%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.48% 0.38% -0.73% -1%  0.19% -1.12% -0.74%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
0.38% -0.54% -0.47% -0.88% -0.63% 0.62% -0.46%
1 YEAR -17.08% -8.62% -9.26% -13.14% -4.64% -20.83%

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 52.44 7 560 14/12 52.44 New position
GBPUSD 2623 0.7 -230 13/12 2590 Stopped out
NASDAQ 6676 7 20 17/12 6640 New position
             
OPEN PROFIT     $580      

 

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