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.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
1.11.18 1.92% -0.21% 0.67% 0.88% 1.66% -2.79%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-1.09% -0.63% 1.91% 1.7% -0.49% 3.26% 2.8%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.9% 0.18% -0.19% -0.15% 0.21% 2.49% 2.58%
1 YEAR -14.83% -4.99% -7.71% -13.14% -1.39% -18.39%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
DAX 11215 4 1150 25/10 11315 SL changed
NASDAQ 6889 6 1250 31/10 6962 SL changed
OIL 67.32 6 2050 29/10 64.5 SL changed
             
OPEN PROFIT     $4450      

 

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