The dollar traded mostly sideways trading higher versus emerging market and lower versus majors as investors flee to the JPY following the first selloff day on Wall street in months. Global equity markets traded lower on fears of raising interest rates in the US, sending emerging markets sharply lower and signaling a possible retreat in US markets that have been trading the last two months at all time highs levels. EU markets trade now in red territory for the past 12 months and Asian markets have only the NIKEI as positive over the same time period. Investors took profits in Oil however Iran oil sanctions impact is about to be felt starting next month.
US NFP numbers and CAD Employment rate at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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