The dollar traded lower following the agreement between the US and Mexico on a new trade agreement and positive sentiment towards emerging economies, following the news. The dollar traded lower across the board while global equity markets traded sharply higher led by a new wave of all time highs in the US markets led by the technology stocks. EU markets and Asian markets were all higher yesterday as well as metals that traded higher enjoying a weaker dollar. The next piece in the global trade puzzle talks should come out this week on the US China trade talks, assuming an agreement is imminent and the talks won’t drag into next month.

US Consumer Confidence at 3 pm is the important news on the agenda Tuesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
27.8.18 0.39% -0.12% 0.3% 0.51% 0.18% 0.17%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.83% -0.4% 0.31% 0.28% -0.45% 0.28% 1.53%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.22% 1.16% 0.00% 0.86% 0.82% 0.22% -0.21%
1 YEAR 3.42%  2.38% 7.86% 1.02% 17.97% -11.42%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GOLD 1190 30 580 20/8 1199
EURJPY 127.76 0.7 1270 22/8 129.49 SL changed
EURJPY 128.32 0.7 920 23/8 128.8 SL changed
         
OPEN PROFIT     $2760

 

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