The dollar traded sideways as investors await the meeting between US President Trump and China leader Xi this weekend at the G20 in Argentina. FX markets traded in narrow ranges as investors gear for the outcome of the G20 on the trade war. Global equity markets traded mostly near the flat line, EU slightly higher and US markets a tad lower after the rally on Wednesday faded. Oil reversed from year lows to close at 51.22$ per barrel after trading as low as 48.4$ per barrel earlier. This comes after eight consecutive week of slide in oil prices, from 77$ per barrel two months ago to a 51.22$ close yesterday, a 33% drop. Next for oil are OPEC meetings and the proposed production cuts on one hand and the rising US output which stands now at all time highs on the other.

G20 meetings all day and the CAD GDP at 1:30 am are the important news on the agenda Friday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
29.11.18 -0.34% -0.27% -0.04% 0.24% 0.02% 2.1%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.33% 0.23% 0.21% -0.05% 0.02% -0.49% -0.38%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI CSI300
-0.04% -0.01% 0.79% 0.46% 0.19% 0.4% 1.17%
1 YEAR -13.5% -3.93% -6.82% -11.09% -1.48% -22.46%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 9575 7 1990 26/11 6870 SL changed
USDNOK 8.52 0.7 -130 28/11 8.55 New position
OIL 52.19 7 756 28/11 51.1 Stopped out
             
OPEN PROFIT     $1860      

 

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