The dollar traded mostly sideways versus majors and higher versus emerging economies as investors digest the effects of the new US Mexico trade deal on the US China trade negotiations. Global equity markets traded another August doldrums trading day on very little price action and most markets trading near the zero change line. Metals traded sharply lower on the stronger dollar signaling overall lack of trust from investors and Gold trading back to the 1200$ level. Oil will be in focus today as the release of the inventories number will determine the near term price action after a choppy week for prices and ahead of the Labor Day weekend.

US Prelim GDP at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
28.8.18-0.19%0.1%0.23%0.14%-0.72%-0.3%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
1.64%-0.34%-0.2%-0.1%-0.25%-1.41%-1.8%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
 0.08%-0.09%0.52%0.11%-0.24%0.16%-0.34%
1 YEAR4.87% 2.92%9%1.75%18.01%-11.74%

 

 

Swing trades follow up

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GOLD11903029020/81199Stopped out
USDCAD29640.717027/82985New position
EURJPY127.760.7130022/8129.6SL changed
EURJPY128.320.795023/8129.6SL changed
     
OPEN PROFIT  $2420