Daily Report January 4, 2018

DAILY FX, COMMODITIES & GLOBAL ETF’S REPORT

 

The dollar index traded higher for the first time in more than a week reversing course versus all majors and signaling a possible short term reversal in the FX markets. Gold and Silver traded lower after a three week rally while OIL was the big winner in the markets yesterday climbing to fresh highs on Iran tension and OPEC production cuts. OIL closed at 24 month highs yesterday and above 62$ per barrel, ahead of the inventories number today in the afternoon. European markets and their Asian counterpart traded higher, bucking the US trend with technology stocks leading the way.

UK services PMI at 9:30 GMT, ADP NON Farm payrolls and OIL Inventories in the afternoon are the important news on the agenda Thursday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
3.1.2018-0.55%0.18%-0.2%-0.35%-0.05%2.2%
USDSEKUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.15%0.6%0.15%0.31%0.2%-0.3%1.5%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.35%0.83%0.3%0.81%0.56%3.26%0.22%
1 YEAR12.03%6.7%8.81%5.88%22.96%22.33%

                                                                                  

                                                                                          

                         Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
DAX130023203/112942New position
USDNOK8.1050.7-1603/18.07New position
Silver16.13100086018/1216.8Stopped out      
GOLD125740203014/121308Stopped out                
AUDJPY88.030.82203/188.7New position
EURGBP88670.62402/18840 
       
OPEN PROFIT  $160