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.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
17.7.18-0.9%0.52%0.11%-0.41%-0.93%0.06%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.36%0.3%-0.43%0.08%0.4%-1.31%-0.77%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
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 –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
S&P5002783384012/72783SL changed
OIL69.455135016/768.05 
DAX12322288029/612322 
       
OPEN PROFIT  $3200