The dollar traded higher versus FX markets trading near 16 month highs as investors flee  to safety over another rout in global equity markets led by a selloff in technology stocks and weakness in financials and energy sectors. The dollar traded also sharply higher versus emerging markets to leave investors no option other than the JPY as an alternative safe heaven. Global equity markets soled sharply across the board and no major sector closed in the green for investors. Metals traded lower on a stronger dollar and Oil traded lower for the 11 day in a row, its longest streak on record to close under 59$ per barrel despite opening the week with a big upside move on OPEC proposed production cuts.

UK Earnings Index and Unemployment rate at 9:30 am is the important news on the agenda Tuesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
12.11.18-0.97%-0.03%-0.88%-0.87%-0.56%-2.41%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
1.1%0.48%-0.54%-0.94%0.17%-1.13%-1.7%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
0.67%-1.77%-0.74%-0.93%-1.1%-2.09%1.13%
1 YEAR-13.38%-4.88%-5.29%-10.64%-2.55%-22.26%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDCAD31760.72509/113150 
GBPUSD29900.7412/112990Stopped out
OIL61.16105012/1161.1New position
       
OPEN PROFIT  $1300