The dollar traded higher versus majors other than the AUD as investors took advantage of the Christmas vacations low volumes to pile in global equity markets and show some confidence in the US economy after a long streak of daily losses. Technology stocks led the way higher reversing from year lows more than 7%, aided by US President Trump urge for traders to buy US stocks. The positive sentiment sent the JPY and CHF sharply lower as investors moved out of safe heavens driving the NIKKEI index up 4% from year lows. EU markets are to respond today to the global rally hoping it won’t fade as fast and in expectation of a quiet US session later on. Oil reversed sharply from 2018 lows on equities rally to close up 4$ at 46.51$ per barrel, its best one day move in 18 months.

US CB Consumer Confidence at 3:00 pm is the important news on the agenda Thursday.   

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
26.12.18 -0.35% 0.95% 0.9% -0.05% -0.25% 9.52%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver NAT GAS
-0.1% 1.2% 0.3% 1.29%  -0.1% 1.62% 0.78%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
 0.64% –% –% –% –% 3.88% 0.05%
1 YEAR -18.66% -11.94% -13.76% -16.31% -12.37% -24.3%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDCAD 3512 0.7 390 21/12 3560  
NASDAQ 5855 8 3020 26/12 5830 SL changed
             
OPEN PROFIT     $3410      

 

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.