The dollar and overall FX markets did not react much to the FOMC decision to move with another interest rate hike yet lower projection for 2019 to only 2 additional rate hikes. The AUD was the only one percent plus mover, losing ground versus USD and JPY while all other markets traded near the flat line after a pro dollar initial reaction. Global equity markets on the other hand had a more proactive reaction to the news as the NASDAQ took a 3% intraday dive and the NIKKEI lost near 3% overnight. Investors did not like the overall hawkish FED tone and the lack of clearness ahead into 2019. Metals traded lower on the news and Oil reversed yesterday selloff with a near 4% reversal however Oil futures turned lower again overnight on investors fear of a global slowdown, US production oversupply and the selloff in Asian markets.

UK Retail Sales at 9:30 am and the BOE Rate Decision at 1:00 pm are the important news on the agenda Thursday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
19.12.18-0.21%-0.17%-0.08%0.09%-0.4%3.72%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.21%0.16%-1.07%-1.24% 0.25%-0.11%-0.08%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
-0.11%0.24%0.96%0.49%0.37%-2.84%-0.78%
1 YEAR-17.62%-10.08%-10.75%-14.11%-10.92%-24.04%

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
AUDUSD71920.766019/127132SL changed
USDJPY112.360.7-24419/12112.6Stopped out
NASDAQ65087-47418/126450Stopped out
       
OPEN PROFIT  $660