The dollar traded lower across the board in another change of direction sea sawing trading day for the FX markets. Investors expectations for more clearance on the US China trade war was not satisfied yesterday despite the news that the Trump administration prepares another set of imposed tariffs on Chinese imports to the US. Global equity markets opened the trading week on a very choppy note, trading in zero ranges on zero market driving news. Metals traded higher on a softer dollar while Oil traded lower on demand concerns and in expectation of the inventories numbers tomorrow.

ECB President Draghi speech at 8:15 am is the important news on the agenda Tuesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
17.9.18 0.72%-0.18%0.35%0.46%0.3%-0.45%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.17%0.15%0.36%0.24%-0.05%0.34%0.08%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.49%-0.23%-0.03%-0.07%0.04%1.53%0.95%
1 YEAR-3.69%0.67%2.29%-5.12%17.82%-16.69%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GBPUSD30780.7-26016/93110Stopped out
S&P500289620-24513/92882Stopped out
EURJPY130.40.763017/9130.4New position
       
OPEN PROFIT  $630