The dollar index traded sharply higher versus majors on the upbeat testimony from Fed Chairman Powell yesterday in front of the Senate. The reaction was a sharp move higher for the dollar and US equity markets responded with a move higher as well, reversing the weak open and sending technology stocks to new all time highs. On the other hand metals took a sharp turn lower, weakening across the board on dollar strength. OIL traded mostly sideways ahead of the most important inventories number today in the afternoon, closing bellow 67$ per barrel, at one month low.
UK CPI at 9:30 am, US FED Chairman Testimony at the Senate at 3:00 pm and OIL Inventories at 3:30 pm are the important news on the agenda Wednesday.
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 17.7.18 | -0.9% | 0.52% | 0.11% | -0.41% | -0.93% | 0.06% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Platinum |
| 0.36% | 0.3% | -0.43% | 0.08% | 0.4% | -1.31% | -0.77% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.42% | 0.8% | 0.34% | 0.24% | 0.24% | 0.62% | 0.03% |
| 1 YEAR | 1.86% | 3.19% | 4.82% | -0.61% | 14.19% | -5.91% |
Swing trades follow up –
| Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
| S&P500 | 2783 | 3 | 840 | 12/7 | 2783 | SL changed |
| OIL | 69.45 | 5 | 1350 | 16/7 | 68.05 | |
| DAX | 12322 | 2 | 880 | 29/6 | 12322 | |
| OPEN PROFIT | $3200 |