The dollar traded lower across the board, changing direction for the fourth time in as many days this week as investors move out of the dollar ahead of the ECB press conference and the BOE rate decision today at noon. EU equity markets traded higher after news that the trade talks between the US and China are set to resume and positive overall sentiment in the US equity markets. Oil traded higher to close above 70$ per barrel on supply concerns and the inventories numbers have shown a surprise drop of 3.7 million barrel, pushing prices higher. Metals traded higher across the board on a weaker dollar and Gold closed at 1206$ per ounce, up near one percent.

UK BOE rate decision at 12 pm and the ECB press Conference at 1:30 pm are the important news on the agenda Thursday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
12.9.18  0.12% -0.32% -0.14% 0.19% 0.87% 1.44%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.78% -0.17% 0.76% 0.43% -0.54% 0.93% 1.46%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.4% 0.52% 0.55% 0.91% 0.45% 0.93% 0.00%
1 YEAR -3.55% -1.35% 2.2% -5.58% 14.84% -16.66%

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 3010 0.7 -205 12/9 3040 Stopped out
NASDAQ 7455 6 95 10/9 7400  
OIL 69.83 6 -250 12/9 70.25 Stopped out
USDCAD 3040 0.7 140 12/9 3080 New position
             
OPEN PROFIT     $235      

 

Contact Information

Tradenet Capital Markets Ltd.

Phone+1-516-210-4148
+44-20-36420372
Mail[email protected] Websitewww.tradenet.com

Tradenet is a day trading training school. We offer courses including lessons about stock trading, CFDs, options, futures and foreign exchange.
At Tradenet, we specialize in providing day trading courses with inexperienced beginners and experienced traders.
We offer three learning options: self-taught interactive online courses, , live online group courses and 1:1 teachings.
Some of our services have several language options, including Spanish, German, French, Russian, Hungarian, Italian, Arabic, etc.