The dollar traded sharply lower following news that US President Trump is willing to negotiate a trade deal with China. Majors responded with a sharp move higher versus the dollar, sending the greenback lower from 16 month highs to close lower 1.8% versus the sterling, its biggest loss since April 2017, backed by news that a deal is coming between the UK and the EU. Global equity markets rallied on the news led by Chinese stocks and US markets moving higher on a weaker dollar. Metals traded sharply higher on a weaker dollar while OIL moved lower on output concerns as OPEC and Russia boosted production to 2018 record highs.

US NFP Employment change and CAD Employment change at 1:30 pm are the important news on the agenda Friday.


1 YEAR-14.83%-4.99%-7.71%-13.14%-1.39%-18.39%



Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
DAX112154115025/1011315SL changed
NASDAQ68896125031/106962SL changed
OIL67.326205029/1064.5SL changed