The dollar traded mostly lower versus majors and emerging markets following the news of a truce between the US and China on trade war issues and the bilateral decision to not take any more action pending talks. FX markets investors took to the AUD and Euro showing some confidence while equity markets investors took profits off the table following the two percent plus gape up create over the week end by the positive news. Metals traded sharply higher on dollar weakness and Gold closed up over 1235$ per ounce, at five week highs. Oil traded mostly higher to close at 53.12$ per barrel, looking into the first positive week after eight consecutive weekly losses.

UK BOE Gov Carney speech at 10:15 am is the important news on the agenda Tuesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
3.12.18 -0.24% 0.18% 0.38% 0.2% 0.84% 4.27%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-1.05% 0.02% 0.46% -0.07% -0.61% 1.71%  0.22%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.22% 1.85% 1.18% 1% 1.32% -2.38%  -0.4%
1 YEAR -10.85% -3.77% -6.22% -10.1% -2.95% -19.18%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 9575 7 2858 26/11 6996   Stopped out
USDCAD 3187 0.7 70 3/12 3226 New position
             
OPEN PROFIT     $70      

 

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