The dollar traded mostly lower and sideways losing some of yesterday sharp gains versus FX markets. Emerging markets currencies saw some buying and relief after investors picked up on both currencies and equity markets. Global markets had another red day led by the technology sector in the US and weakness in EU and Asian markets overall. Metals reversed the sharp losses from yesterday and Gold closed above 1196$ per ounce while Oil traded lower ahead of the inventories number today in the afternoon, in expectation of a pickup in Oil inventories following the end of the driving season in the US.

US ADP Non Farm Employment at 1:15 pm and Oil Inventories at 3:30 pm are the important news on the agenda Thursday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
4.9.18 0.4% 0.05% 0.45% 0.4% 0.26% -1.45%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.3% -0.26% 0.22%  0.28% -0.08% 0.32% 1%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.2% -1.39% -1%  -1.54% -1.3% -0.32% -0.26%
1 YEAR -1.43%  0.4% 3.11% -3.44% 16.65% -14.54%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDMXN 0192 0.4 660 30/8 2940 Stopped out
USDCAD 3035 0.7 760 31/8 3133  
GBPUSD 2917 0.7 244 3/9 2917 Stopped out
OIL 69.38 6 440 5/9 69.38 SL changed
USDNOK 3999 0.6 -10 4/9 3514  
         
OPEN PROFIT     $1200

 

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