The dollar traded sharply higher versus majors after another day of losses in global equity markets and investors run to safety follow up. The dollar traded sharply higher versus majors after Goldman Sacks came out with a bearish outlook for stocks heading into 2019 suggesting cash is the place to be. Global equity markets traded lower across the board yesterday, led by the German DAX in Europe and another rout in technology stocks in the US. Metals traded sharply lower on a stronger dollar while Oil took a 6.7% dive to new record lows for 2018 and sitting now at 12 month lows after another selloff day fuel by the weakness in global equity markets, the stronger dollar and fears of an economic slowdown, to close at 53.32$ per barrel, down 25$ from year highs.
US Durable Goods orders at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.
Swing trades follow up
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