The dollar traded mostly sideways versus majors as the dovish ECB had left the Euro and FX markets little change. The unclear global equity markets and high volatility in equities wasn’t a reason for investors to move into safe heavens yesterday, leaving FX markets mostly unchanged and investors looking for more clues later on today on the US GDP news. Global equity markets traded mostly in the green led by US Technology stocks while EU markets reversed from year lows to trade 1% to the upside. Metals and oil has little reaction to markets yesterday and more is expected today following the US GDP reading at noon.

US GDP at 1:30 pm and ECB president Draghi speech at 3 pm are the important news on the agenda Friday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
25.10.18 -0.53% 0.27% 0.09% -0.19% 0.12% 0.42%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.86% 0.2% 0.3% 0.57% 0.13% -0.18 -1.16%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKE%I225 CSI300
0.22% 1.03% 0.59% 1.6% 1.09% -0.23% -0.83%
1 YEAR -13.9% -6.44% -7.76% -13% -2.17% -20.4%

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
DAX 11215 4 350 25/10 11050 New position
USDCAD 3041 0.5 -50 24/10 3105 Stopped out
USDCAD 3092 0.7 -220 24/10 3105 Stopped out
         
OPEN PROFIT     $350

 

Contact Information

Tradenet Capital Markets Ltd.

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Tradenet is a day trading training school. We offer courses including lessons about stock trading, CFDs, options, futures and foreign exchange.
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