February 7, 2018.

The dollar and FX markets traded mostly sideways in the aftermath of the global markets selloff yesterday. Most majors had very little reaction to the equities markets and without major news on the agenda pairs moved sideways most of the trading day. Metals and OIL pulled back on a stronger dollar while OIL investors await the inventories report today in the afternoon. US markets reversed the trend to close higher and that will probably set the tone for a positive EU markets open today.

OIL Inventories at 3:30 pm is the important news on the agenda Wednesday. 

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
6.2.2018-0.01%0.04%0.21%0.17%-0.42%-0.95%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
 -0.61%0.42%-0.02%-0.04%-0.06%-0.6%-0.24%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.05% -2.32%-2.64%-2.35%-2.41%0.16%-1.86%
1 YEAR7.3%-0.62%8.57%4.92%14.46%20.98%

                       

Swing trades follow up

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
EURCAD54680.7 -55/25430Stopped out
GBPUSD39600.7-406/23930New position
AUDNZD08370.73705/20878 
DAX1257032506/212300New position
NASDAQ65976-1006/26470New position
       
OPEN PROFIT  $420