The dollar traded mostly lower versus majors as investors see now a lesser chance for additional rate hikes in 2019 and a better chance to move forward on the US China trade war. The JPY was weak across the board as investors move away from safe heavens and global equity markets has another positive session in the US and Japan. EU equity markets traded mostly sideways following the strong move Friday and looks like the global selloff in equities is coming to a calm short term. Metals traded sideways with no news on the agenda and Oil went thru another choppy session trading in narrow ranges and awaiting news as to its next move which at this point looks unclear. Oil closed the trading day at 48.59$ per barrel.

CAD Trade Balance at 1:30 pm is the important news on the agenda Tuesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
7.1.19 0.31% 0.18%    0.88% 0.73% 0.2% 1.36%
USDMXN USDCHF AUDUSD AUDJPY USDCAD SILVER NAT GAS
-0.33% -0.68% 0.48% 0.7% -0.61% -0.61% -3.12%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.47% -0.18% -0.39% -0.38% -0.27% 0.82% -0.22%
1 YEAR -19.31% -11.82% -14% -14.8% -15.5% -26.74%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDJPY 107.15 0.7 1160 3/1 108.42 SL changed
EURJPY 124.01 0.7 480 7/1 124 New   position
NASDAQ 6243 8 2130 2/1 6450 SL changed
OIL 48.75 8 -48 7/1 48.4 Stopped out
OIL 48.6 8 -40 8/1 48 New   position
             
OPEN PROFIT     $3720      

 

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