February 28, 2018.

The dollar index traded sharply higher following comments from FED member Powell predicting more than three rate hikes to combat rising inflation in 2018. The testimony took the markets by surprise and most global markets followed the US weakness to trade lower across the board. Metals lost on average more than 1.2% as the dollar strengthened and commodities fell as well as OIL which will be in focus today on the inventories number.

US prelim GDP at 1:30 pm and OIL Inventories at 3:30 pm are the important news on the agenda Wednesday.

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
27.2.2018 -0.44% 0.41% -0.3% -0.71% -1.1% -1.6%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.87% 0.12% -0.88%  -0.45% 0.67% -1.16% -1.7%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
0.65% -0.29% -0.1% -0.01% -0.15% -1.44% -0.6%
1 YEAR 5.55% 0.26% 9.99% 4.17% 15.43% 16.85%

                                                                                                      

                        

Swing trades follow up 

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
DAX 12560 3 -320 23/2 12400  
NASDAQ 6737 5 1150 22/2 6950 Stopped out
GBPUSD 3972 0.7 -150 26/2 3950 Stopped out
NZDUSD 7277 0.7 260 27/2 7300 New position
             
OPEN PROFIT     $-60      

 

 

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