The dollar traded higher versus majors after positive comments from US President Trump on the fate of the US China trade war. On top of that Trump warned Germany from being dependent on Russian energy, sending the euro lower versus FX markets. The dollar gains are coming after the worst performance for the greenback in 2019, down 1.45% last week. EU and US equity markets traded a lackluster session, on very little price action and closing marginally lower. Metals traded higher on a move to safety despite the stronger dollar and OIL took a 4.5% dive after the “Inventories Numbers” came out higher than expected, up 2.2 million barrels and US crude production soared to record 2019 levels. To top that the EIA is now projecting global demand growth lower for the rest of 2019. Crude closed sharply lower at 51.33$ per barrel, at 5 months lows.
CHFSNB Press Conference and Libor Rate at 8:00 am is the important news on the agenda Thursday. (all times GMT).
Global Markets 24 hours wrap-up
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|