The dollar index traded mostly sideways versus majors and sharply lower versus emerging markets ahead of news overnight of another round of tariffs proposed by the Trump administration on Chinese goods. Global futures reacted with a sharp move lower that will affect EU markets open and sent Asian markets lower overnight. With global markets trading higher over the last four trading days a pullback in the markets is expected today. Metals and commodities traded mostly sideways yesterday and OIL managed another positive close ahead of the most important Inventories number today in the afternoon.

CAD BOC rate statement at 3 pm and OIL Inventories at 3:330 pm are the important news on the agenda Wednesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
10.7.180.07%0.37%0.35%-0.02%-0.25% 0.28%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-1.61%0.07%0.01%0.37%0.1%-0.27%-0.29%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.02%0.53%0.05%0.67%0.37%-1.04%-1.83%
1 YEAR1.32%4.94%5.71%-0.2%8.77%-7.27%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
EURJPY128.90.76674/7128.95Stopped out
NASDAQ7084689229/67240Stopped out
NASDAQ705159085/77240Stopped out
GOLD125440-1063/71245Stopped out
DAX12322263429/612322 
       
OPEN PROFIT  $634