March 2, 2018.

The dollar traders faced a challenging trading day after the decision of US President Trump to impose tariffs on steel and aluminum imports, sending the greenback and US markets together sharply lower as investors fear a trade war ahead. Most majors reversed sharply after the enouncement versus the dollar and the Euro climbed 100 pips on the news. Global markets reacted with a sharp selloff overnight in Asia and more downside is expected for EU markets today.

UK construction PMI and PM Theresa May speech at 9:30 am, BOE Gov Carney speech at 10:00 am and CAD GDP at 1:30 pm are the important news on the agenda Friday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
1.3.2018-0.1%-0.31%0.02%0.32%-0.55%-1.1%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.24%-0.04%-0.23% -0.54%0.15%-0.3% -2.75%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.02%-1.97%-0.78%-1.09%-1.15%-2.2%-0.53%
1 YEAR1.09%-2.8%6.02%0.43%8.6%17.24%

                                                                                     

                        

Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
NASDAQ67705-102/36686New position
EURUSD22240.7-15028/22224Stopped out
USDCAD27820.729028/22782 
NZDUSD72770.731027/27232Stopped out
GOLD1318301028/21323 
       
OPEN PROFIT  $290