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.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
15.8.18 -0.17% -0.48% -0.4% 0.08% -1.37% -3.3%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
1.57% -0.18% -0.1%  -0.56% 0.57% -4.01% -3.87%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.1% -1.58%  -1.49% -1.82%     -2.61%  -0.07% 0.3%
1 YEAR -0.82%  1.54% 2.48% -3.6% 12.7% -11.59%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 65.7 6 680 15/8 68.04 New position
NASDAQ 7436 6 -310 14/8 7400 Stopped out
EURCAD 4818 0.7 650 15/8 4790
USDSEK 1739 0.7 -30 16/8 1618 New position
         
OPEN PROFIT     $1300

 

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