The dollar traded lower versus majors, reversing the strong move from yesterday as investors switch to the JPY and CHF in wake of another volatile session in global equity markets. FX markets trade very light volumes around the Christmas vacation, this year the markets are volatile and big intraday swings show very little continuation patterns. Global equity markets traded sharply lower during the EU and Early US sessions then reversed sharply in the US to close positive. Metals traded higher on a weaker dollar and Oil will be in focus today as the department of Energy will release the inventories data. Oil closed lower yesterday at 45.4$ per barrel following a flat session.

US Oil Inventories at 4 pm is the important news on the agenda Friday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
27.12.180.18%-0.31%0.47%0.78%0.35%-1.77%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverNAT GAS
-1.15%-0.82%-0.47%-0.78%0.3%1.07%2.65%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
 -0.52%-2.37%-1.52%-0.6%-1.22%-0.31%0.6%
1 YEAR-20.59%-13.28%-13.87%-16.65%-12.15%-25.65%

 

 

Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDCAD35120.753021/123590SL changed
OIL45.687-1027/1246.43New position
NASDAQ58558210026/126130         Stopped out
NASDAQ63428-35028/126250New position
       
OPEN PROFIT  $170