MERRY CHRISTMAS   

The dollar traded sharply higher reversing all Thursday losses as investors turn to safe heavens ahead of the Christmas vacation following the weak close in the US markets Friday afternoon. US leading indexes closed the trading day at their lows down an average 7% for the week, the worst for US markets in 10 years. EU markets traded mostly sideways and will react to the selloff in the US only after the Christmas vacation. The JPY and the dollar were the favorites for investors Friday while all other FX markets led by the AUD moved lower. Metals traded lower on a stronger dollar and Oil closed a dismal week down another 1.1% and overall 12% for the week as the fears of a US slowdown and record shell production sent the prices to fresh 2018 lows, at 45.23$ per barrel, down 45% from year highs reached late October.

Most Global markets are closed for the Christmas Holiday or will trade very light volumes.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
21.12.18-0.21%0.02%-0.72%-0.73%-0.71%-1.13%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.34%0.73%-0.96%-0.94% 0.66%-1.3%-0.85%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
 0.77%0.21%0.14%0.04%0.02%–%0.29%
1 YEAR-18.66%-11.48%-12.5%-15.56%-11.95%-25.07%

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDCAD35120.738021/123512New position
EURUSD14691-29021/121440Stopped out
NASDAQ61058-1024/126058New position
       
OPEN PROFIT  $370