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.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
19.12.18 -0.21% -0.17% -0.08% 0.09% -0.4% 3.72%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.21% 0.16% -1.07% -1.24%  0.25% -0.11% -0.08%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI 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  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
AUDUSD 7192 0.7 660 19/12 7132 SL changed
USDJPY 112.36 0.7 -244 19/12 112.6 Stopped out
NASDAQ 6508 7 -474 18/12 6450 Stopped out
             
OPEN PROFIT     $660      

 

Contact Information

Tradenet Capital Markets Ltd.

Phone+1-516-210-4148
+44-20-36420372
Mail[email protected] Websitewww.tradenet.com

Tradenet is a day trading training school. We offer courses including lessons about stock trading, CFDs, options, futures and foreign exchange.
At Tradenet, we specialize in providing day trading courses with inexperienced beginners and experienced traders.
We offer three learning options: self-taught interactive online courses, , live online group courses and 1:1 teachings.
Some of our services have several language options, including Spanish, German, French, Russian, Hungarian, Italian, Arabic, etc.