The dollar traded sharply lower following the FOMC statement that pointed to a soft rate policy for 2019 and no timetable for future rate increases in any. The dollar was weak across the board losing over a percent versus the CAD and AUD. US equity markets responded with a sharp upside move that is likely to carry into Asian markets and EU markets trading sessions this morning. Metals traded sharply higher on a weaker dollar and the soft rate outlook, Gold closed yesterday at 1319$ per barrel, a 10 month high. Oil managed another positive day trading higher on markets optimism, the Venezuela oil industry US sanctions and a lower than expected US stockpiles to close at 54.25$ per barrel, up near 2% on the day.
CAD GDP at 1:30 pm is the important news on the agenda Thursday.
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|