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.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
11.2.18-0.67%0.61%0.2%-0.45%-0.5%-0.66%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
1.11%0.42%-0.38%0.31%0.16%-0.78%2.71%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
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

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDMXN19.270.7-2011/219.25New position
NASDAQ695067011/23895New position
       
OPEN PROFIT  $50