The dollar traded lower across the board following US President Trump call to the FED to lower interest rates ahead of the FED statement tonight. The expectations are for a no move in the interest rates in 2019 however the pressure to move lower with the interest rates put by Trump will have a near term negative impact on dollar strength. Most other FX markets saw very little price action as expected from a pre-FED trading day. US and EU equity markets went thru another choppy lackluster trading day with price action hovering basically at 2019 highs. Metals traded sideways awaiting the dollar action on the FED and Oil traded a narrow range trading day ahead of the inventories number to close at 63.42$ per barrel, up marginally on the day.

US ISM Manufacturing at 1:30 pm, Oil Inventories at 2:30 pm and the FOMC Statement at 6:00 pm are the important news on the agenda Wednesday. (all times GMT).

Market

GBPUSD

USDJPY

EURJPY

EURUSD

GOLD

OIL

30.4.19

0.8%

-0.22%

0.06%

0.26%

0.34%

0.61%

USDMXN

USDCHF

AUDUSD

AUDJPY

USDCAD

Silver

Nat Gas

-0.3%

-0.08%

-0.09%

-0.3%

-0.45%

0.31%

-0.58%

Dollar Index

DAX

FTSE100

CAC40

EURSXX50

NIKKEI225

CSI300

-0.36%

0.13%

-0.3%

0.1%

0.36%

0%

0.33%

1 YEAR

-2.13%

-1.36%

1.19%

-0.61%

-0.93%

4.16%

 

Swing trades follow up

Trade

Entry price

Position

Open profit

Date triggered

Stop loss

Remarks today

USDCAD

3447

0.7

-180

24/4

3415

Stopped out

NASDAQ

7802

8

-260

30/4

7769

Stopped out

GOLD

1272

40

270

18/4

1272

                                        

OPEN PROFIT

$270