The dollar traded higher versus FX markets on global trade worries and weakness in emerging markets currencies. As Argentina problems top the agenda investors worry that emerging markets problems could spill into other markets and weight on global growth in the coming months. Global equity markets traded lower led by weakness in EU and Asian markets while US markets traded lower in sympathy. Metals traded sharply lower on a stronger dollar and Oil traded higher in the morning then reversed lower to close below 70$ per barrel ahead of the Inventories number tomorrow.

UK Services PMI at 9:30 am and BOC rate decision at 3:00 pm are the important news on the agenda Wednesday.


0.6%0.38%-0.25% 0.1%0.75%-2.62%-1.28%
0.3%-1.1%-0.62% -1.31%-1.05%-0.25%-0.84%
1 YEAR0.89% 1.15%5.04%-1.8%16.79%-13.51%



Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDMXN01920.485030/82940SL changed
USDCAD30350.778031/83133SL changed
GBPUSD29170.73603/92917SL changed
OIL70.145-2654/970.5Stopped out
OIL69.386-105/969.7New position
USDNOK39990.6-904/93514New position