The dollar index traded sharply higher ahead of the most important news day for the global markets in 2018. The FOMC statement tonight will set the tone for the markets as all eyes will be on both on the rate of future increases and at the tone of the statement. Commodities moved lower again on the stronger dollar that turned positive for 2018, leaving still lots of room for another leg higher for the greenback on the news tonight. Oil turned lower ahead of the Inventories number today, closing under 67$ per barrel.

UK Construction PMI at 9:30, Oil Inventories at 3:30 pm and the FOMC Statement at 7 pm are the important news on the agenda Wednesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
1.5.2018-1.15%0.48% -0.24%-0.72%-1.11%-1.62%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
 1.26%0.6%-0.56%-0.05%0.06%-1.4%-1.01%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
 0.7%0.00%0.00%0.00%0.00%-0.28% 0.01%
1 YEAR1.4%4.81%4.1%-0.65%15.5%9.22%

 

                              

                       

 Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDMXN18.6750.799030/418.6 
USDMXN18.6400.464030/418.6 
       
OPEN PROFIT  $1630