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.
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 3.1.2018 | -0.55% | 0.18% | -0.2% | -0.35% | -0.05% | 2.2% |
| USDSEK | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Platinum |
| 0.15% | 0.6% | 0.15% | 0.31% | 0.2% | -0.3% | 1.5% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.35% | 0.83% | 0.3% | 0.81% | 0.56% | 3.26% | 0.22% |
| 1 YEAR | 12.03% | 6.7% | 8.81% | 5.88% | 22.96% | 22.33% |
Swing trades follow up –
| Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
| DAX | 13002 | 3 | 20 | 3/1 | 12942 | New position |
| USDNOK | 8.105 | 0.7 | -160 | 3/1 | 8.07 | New position |
| Silver | 16.13 | 1000 | 860 | 18/12 | 16.8 | Stopped out |
| GOLD | 1257 | 40 | 2030 | 14/12 | 1308 | Stopped out |
| AUDJPY | 88.03 | 0.8 | 220 | 3/1 | 88.7 | New position |
| EURGBP | 8867 | 0.6 | 240 | 2/1 | 8840 | |
| OPEN PROFIT | $160 | |||||