The dollar traded sharply lower versus majors on positive expectations for the trade deal between the US and China to materialize and ahead of the FOMC meeting minutes that is expected to shed more light on a dovish FED rate outlook for 2019. The dollar traded sharply lower versus the sterling that had its best day in 2019, jumping more than 1.2% as investors flee the “safe heaven” of the USD. Global equity markets traded a lackluster flat session in the US and EU, with no major market moving news on the agenda and lack of positive triggers. Metals traded sharply higher on a weaker dollar and Gold closed at 10 month highs and fresh 2019 highs of 1339.4$ per ounce, up 1.7% on the day. Oil saw another positive close after a mainly flat session ahead of the inventories numbers tomorrow, closing at 56.4$ per barrel.

US FOMC Meeting minutes at 7:30 pm is the important news on the agenda Wednesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
19.2.19 1.18% -0.08% 0.32% 0.44% 1.66% 0.9%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Nat Gas
-0.55% -0.41% 0.32% 0.25% -0.38% 1.41% 1.3%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.4%  0.09% -0.56% -0.16% -0.17% 0.6% 0.33%
1 YEAR -8.69% -0.93% -2.45% -5.7% -2.55% -13%

 

 

Swing trades follow up

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 2804 0.8 1960 15/2 3020 SL changed
NASDAQ 7025 7 190 15/2 7050 Stopped out
             
OPEN PROFIT     $1960