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.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
17.9.18  0.72% -0.18% 0.35% 0.46% 0.3% -0.45%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.17% 0.15% 0.36% 0.24% -0.05% 0.34% 0.08%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-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  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 3078 0.7 -260 16/9 3110 Stopped out
S&P500 2896 20 -245 13/9 2882 Stopped out
EURJPY 130.4 0.7 630 17/9 130.4 New position
             
OPEN PROFIT     $630      

 

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