The dollar traded sharply higher reversing from 6-week lows following the FOMC rate decision Wednesday and the path to zero rate increases for 2019. Investors bought the dollar yesterday on sterling weakness after another delay in the decision on the Brexit process in the UK. FX markets are expected more choppy trading near term on the Brexit issues and the US China trade agreement unfinished business. The NASDAQ closed yesterday at 5-month highs leading US equity markets higher to fresh 2019 highs while EU equity markets lagged, trading mostly lower. Oil retreated from the 60$ per barrel level on some profit taking while metals are expected to outperform near term on a softer dollar assuming a pullback in global equities from 2019 highs.
EU German Flash Manufacturing and Services PMI at 8:30 am and CAD CPI and Retail Sales at 1:30 pm are the important news on the agenda Friday. (all times GMT).
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|