The dollar traded mostly sideways versus majors after three red days in a row following a move out of the dollar ahead of the US China trade talks and US President Trump pressuring the FED on the interest rate policies. Fed Minutes had a zero impact on the markets as global equity markets traded in a narrow trading ranges, consistent with the late August doldrums trading season. Oil was the mover in the markets yesterday jumping more than three percent on the inventories number that dropped by 5.8 million barrels, that’s despite record US production of 11 million barrels per day. Metals traded in very narrow ranges cooling off after three days of strong gains.

EU Flash manufacturing at 9 am is the important news on the agenda Thursday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
22.8.180.16%0.19%0.49%0.29%0.24%3.19%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-1%-0.26%-0.18%0.02%-0.36%-0.21%0.29%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.12%0.01%0.11%0.22%0.25%0.16%-0.6%
1 YEAR1.74% 2.6%5.97%-0.54%15.28%-11.7%

 

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GOLD1190305020/81183 
EURJPY127.760.725022/8127.5 
GBPUSD27210.797317/82864Stopped out
       
OPEN PROFIT  $300