The dollar traded marginally higher versus majors following another lackluster trading session in the FX markets yesterday. With no news on the agenda and ahead of NFP this coming Friday investors sat on the sidelines awaiting any markets changing news. Global equity markets mimicked FX markets with a narrow range session in EU and US markets while the Chinese CSI300 traded sharply higher on a proposed stimulus plan by the Chinese government. Metals traded mostly sideways after two selloff days and Oil closed flat despite OPEC production cuts after Libya announced the reopening of a major field.
CAD Trade Balance at 1:30 pm, the BOC rate decision at 3:00 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 5.3.19 | -0.1% | 0.11% | -0.19% | -0.3% | 0.07% | 0.02% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| -0.16% | 0.56% | -0.13% | -0.03% | 0.35% | 0.33% | 1.02% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.16% | 0.24% | 0.69% | 0.21% | 0.3% | -0.6% | 0.83% |
| 1 YEAR | -4.07% | 0.51% | 2.46% | -0.91% | 0.84% | -5.39% |
Swing trades follow up
| Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
| NASDAQ | 7154 | 7 | 10 | 6/3 | 7100 | New position |
| GBPUSD | 3220 | 0.7 | 285 | 4/3 | 3180 | Stopped out |
| GBPUSD | 3280 | 0.7 | 1010 | 27/2 | 3155 | SL changed |
| AUDUSD | 7070 | 0.7 | -153 | 4/3 | 7092 | Stopped out |
| OPEN PROFIT | $1020 |