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.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
8.11.18-0.5%0.43%-0.15%-0.57%-0.37%-1.8%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
1.44%0.41%-0.26%0.16%0.37%-1.06%-1.21%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
0.7%-0.45%0.33%-0.13%-0.26%-0.85%-1.08%
1 YEAR-12.56%-4.59%-5.11%-10.38%-2.51%-22.02%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDCAD31760.7-209/113150New position
DAX112154132025/1011500Stopped out
NASDAQ6927613806/117125
     
OPEN PROFIT  $1360