The dollar traded higher across the board following the release of the FOMC statement yesterday. The hawkish tone that came out to investors sent them back into the dollar looking into the December expected rate hike of another 0.25% that now seems a done deal. Global equity markets traded in narrow ranges yesterday, losing ground moderately after Wednesday election rally and closing lower in all EU markets other that the FTSE. Metals traded lower on a stronger dollar and OIL continued its slide into bear market territory on rising supplies and fear of an economic slowdown into year end. Oil closed at 60.8$ per barrel, 21% lower from year highs.
UK Manufacturing and UK GDP at 9:30 am and US PPI at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|