The dollar traded sharply lower following comments from Fed Chairman Powell signaling rates are nearing neutral and an overall dovish environment for future rate increases. The speech triggered a move lower for the dollar across the board reversing last week course and leaving investors expecting for more on the release of the FOMC minutes tonight. US equity markets responded with a sharp move higher led by technology stocks and an expected rebound effect for EU and Asian markets this morning. Metals traded higher on a weaker dollar and OIL took another leap lower following another increase in US inventories to 450 million barrels, at 12 month highs and worries of an oversupply near term market situation. Oil closed at year lows, 50.48$ per barrel.

ECB President Draghi speech at 9 am and the FOMC meeting minutes at 7:00 pm are the important news on the agenda Thursday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
28.11.18 0.7% -0.2% 0.55% 0.74% 0.65% -1.86%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-1.16% -0.57% 1.27% 1.06% -0.2% 1.4% -0.38%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.58% -0.09% -0.18% 0% 0.06% 0.39%  -1.12%
1 YEAR -13.5% -5.26% -7.68% -11.74% -1.48% -22.46%

 

 

Swing trades follow up 

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 9575 7 1900 26/11 6850 SL changed
GBPUSD 2747 0.7 -228 28/11 2780 Stopped out
OIL 52.19 7 1200 28/11 51.1 New position
             
OPEN PROFIT     $3100      

 

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