February 9, 2018.
The dollar index traded mostly sideways as investors took profits of equities markets sending global indexes sharply lower this time without any exit into gold, dollar or the Yen. BOE rate decision did little to change the mood for risk in the FX markets and after an initial 100 pip move the sterling turned lower to close the day mostly flat. OIL selloff continued Thursday with prices now at 60.5$ per barrel, a 10% correction from highs reached just a month ago. More volatility is expected today after another wave of selling in the Far East leading markets this morning.
UK Manufacturing at 9:30 am and CAD Employment at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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