The dollar traded mostly sideways versus majors and sharply higher versus emerging markets, reaching a new all time versus the Turkish lira, at 7.23 yesterday. Investors now fear that the collapse of the Turkish economy could spill into other markets and prompt another rush to the dollar. The Euro traded at one year low versus the CHF on fears that European banks may be hit by the TRY collapse, down 30% versus the dollar this month. The rush into the dollar sent metals to new 2018 lows, the 1200$ level on Gold was broken for the first time in 13 months. Global equity markets traded marginally lower yesterday, on low volumes and little overall interest.

UK Average Earnings Index at 9:30 am is the important news on the agenda Tuesday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
13.8.18-0.14%-0.19%-0.22%-0.18% -1.45%-0.44%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
1.47%-0.16%-0.58% -0.56% 0.01%-1.86% -3.31%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.11%-0.53% -0.32%-0.04%   -0.48% 1.81%-0.74%
1 YEAR 1.59% 3.92%5.67%-1.19%13.9%-8.92%

 

Swing trades follow up  

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
OIL67.5364013/868.04New position
NASDAQ74366-1014/87400New position
USDCAD30480.734010/83111Stopped out
USDNOK31170.733010/83510Stopped out
       
OPEN PROFIT  $30