The dollar traded lower from 13 month highs as investors took profits from the table and sent the dollar lower versus major and higher versus struggling emerging markets currencies. With Turkey crisis and the trade war between the US and China still very much on the table global equity markets took a turn south yesterday, selling off sharply across the board and turning August red for investors. There was no place to hide in the markets yesterday as metals fell to new 2018 lows led by a sharp selloff in Silver, down more than 4% on the day and OIL trading sharply lower after the inventories number came higher than expected sending crude sharply lower to close under 64.5$ per barrel, at 60 day lows.
UK Retail Sales at 9:30 am is the important news on the agenda Thursday.
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|