The dollar index traded sharply higher versus majors as investors react to the renewed US China trade war and the new 200 billion worth of tariffs imposed on Chinese imports to the US. Investors fled to the dollar leaving “old time” safe heavens empty, the JPY and Gold were both sharply lower yesterday despite the poor performance of global equity markets. The biggest loser yesterday was Oil, down 5% on its worst performing day in two years, that’s on news of renewed full production from Libya and demand worries due to the trade tension between the US and China. Despite the drop in US inventories OIL closed below 71$ per barrel yesterday.

ECB Monetary Policy meeting accounts at 12:30 am and US CPI at 1:30 pm are the important news on the agenda Thursday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
11.7.18 -0.53% 0.96% 0.34% -0.61% -0.98%  -4.72%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.48% 0.43% -1.21% -0.27% 0.74% -1.63% -1.51%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
0.51% -1.53% -1.3% -1.48% -1.47% 1.3% 2.31%
1 YEAR -0.16% 3.56% 2.52% -2.46% 10.53% -4.72%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 70.77 5 10 12/7 71.1 New position
GBPUSD 3200 0.7 -20 12/7 3230 New position
DAX 12322 2 330 29/6 12322  
             
OPEN PROFIT     $330      

 

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