October 18, 2018. The dollar traded sharply higher versus majors following the release of the FOMC meeting minutes which backed Fed policies and sees at least one more rate increase coming in December. The dollar traded at the 1.15 level versus the Euro and back to near 24 month highs versus the AUD. Global equity markets reversed yesterday rally to close in the red across the board, EU, US and Asian markets all trading lower on the stronger dollar. Metals lost ground on the stronger dollar while Oil took a 2.6% dive following the release of the inventories number which showed a big buildup is US stockpiles, up 6.5 million barrels. Oil closed the day at 70$ per barrel after trading as low as 69.35 yesterday.

UK Retail Sales at 9:30 am and EU Economic Summit – all day are the important news on the agenda Thursday.  

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
17.10.18 -0.53% 0.37% -0.3% -0.66% -0.47% -2.63%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 0.67% 0.46% -0.46% -0.11% 0.68% -0.48% -1.4%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
0.64% -0.52% -0.07% -0.54% -0.44% -0.76% -1.71%
1 YEAR -9.85% -6.14% -4.44% -10.4% 6.36% -22.13%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 71.94 6 1330 10/10 70.30 SL changed
USDMXN 18.78 0.7 420 16/10 18.72 New position
USDCAD 2993 0.7 -93 16/10 3010 Stopped out
             
OPEN PROFIT     $1750      

 

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