The dollar traded higher mostly sideways closing October at 16 month highs versus the Euro as investors count their losses after a dismal performance of global equity markets in October. Leading indexed lost big in October led by the NASDAQ down 9%, CAC40 down 7.5% and the NIKKEI down 10.3%. Yesterday global equity markets staged a comeback day led by technology stocks that were busted by a surge in Facebook and in expectation of a relief in the tension between the US and China over the tariffs issues. Another big loser for October turned to be Oil, closing its worst month in 2018 and down 10% for the month, after another strong build in US inventories and concerns over global economic slowdown. Oil closed the month at 64.92$ per barrel, down 12$ from 2018 highs reacted just 4 weeks ago.

UK Manufacturing at 9:30 am and BOE rate decision at 1:00 pm are the important news on the agenda Thursday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
1.11.18 0.51% -0.18% -0.41% -0.23% -0.62% -1.56%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
1.36% 0.31%  -0.39% -0.56% 0.37% -1.3% 0.65%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
0.04% 1.42% 1.31% 2.31% 1.6% -0.77% 1.87%
1 YEAR -13.47% -4.87% -7.63% -13.52% -2.71% -19.61%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
DAX 11215 4 910 25/10 11215 SL changed
EURJPY 128.33 0.7 -280 30/10 128 Stopped out
NASDAQ 6889 6 600 31/10 6889 New position
OIL 67.32 6 1420 29/10 65.5 SL changed
             
OPEN PROFIT     $2930      

 

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