The dollar traded higher versus majors as investors moved out of safe heavens and riskier markets alike to step into the dollar, not a common event in the FX markets lately. The dollar also strengthen versus emerging markets, jumping more than 1% versus the MXN after a three month slide that reversed from 2019 lows yesterday. Despite US China trade tensions EU markets traded higher enjoying the stronger dollar while US markets closed a flat lackluster trading day. Metals traded lower on a stronger dollar and Oil went thru another wave of choppy trading taking a hit in the morning session then reversing to close near the flat line, at a 52.43$ per barrel close and very much within 2019 trading range.
UK BOE Gov Carney speech at 1 pm and US FED Chairman Powell speech at 5:45 pm are the important news on the agenda Tuesday.
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
11.2.18 | -0.67% | 0.61% | 0.2% | -0.45% | -0.5% | -0.66% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
1.11% | 0.42% | -0.38% | 0.31% | 0.16% | -0.78% | 2.71% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.43% | 0.99% | 0.82% | 1.06% | 0.96% | 2.61% | 0.27% |
1 YEAR | -9.03% | 0.52% | -1.27% | -4.82% | -2.42% | -14.43% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
USDMXN | 19.27 | 0.7 | -20 | 11/2 | 19.25 | New position |
NASDAQ | 6950 | 6 | 70 | 11/2 | 3895 | New position |
OPEN PROFIT | $50 |