The dollar traded higher following the FOMC meeting however the move was more of a profit taking rather than investors picking up the dollar from six week lows versus majors. Overall the 25 basis points increase by the FED did nothing to the FX markets however the US equity markets turned lower after the news to close in negative territory. Metals traded lower on a stronger dollar and Oil lost near one percent following a surge in US crude production to 11.1 million bpd, a record in US production and up 30% over the last 24 months and an increase in US oil stockpiles.

US Final GDP and Durable Goods Orders at 1:30 pm are the important news on the agenda Thursday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
26.9.18-0.1%-0.19% -0.41%-0.21%-0.54%-0.93%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.9%0.21%0.21%0.01%0.45%-0.64%-0.15%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.11%0.09%0.05%0.61%0.39%-0.6%-0.39%
1 YEAR-1.74%3.1%4.37%-3.43%18.3%-10.92%

 

 

Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
NASDAQ7530644024/97500 
EURJPY132.410.7-8024/9132Stopped out
USDMXN99880.4-15625/99260Stopped out
DAX12218226020/912286 
USDNOK09910.81026/91358New position
       
OPEN PROFIT  $710