The dollar traded sharply higher across the board as investors sentiment turned sour following President Trump potential legal issues and the trade war saga between the US and China that seems to linger into next week. Investors turned to the dollar after four days on the offensive side sending metals sharply lower and again turning sharply versus emerging markets currencies. Global equity markets were mostly flat yet the sentiment was a negative one as all major EU and US indexes closed in the red. Oil traded higher to close at 68.05$, a week ahead of Labor Day weekend, the benchmark for crude peak demand.

US Durable Goods orders at 1:30 pm and FED Chairman Powell speech at 3:00 pm are the important news on the agenda Friday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
23.8.18 -0.73% 0.94% 0.25% -0.48% -0.79% 0.3%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
1.31% 0.3% -0.88% -0.3% 0.68% -1.62% -2.15%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
0.52% 0.16% -0.15% -0.02% -0.03% 0.8% 0.42%
1 YEAR 1.52%  2.11% 5.99% -0.74% 16.75% -11.46%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GOLD 1190 30 -50 20/8 1183  
EURJPY 127.76 0.7 710 22/8 128 SL changed
EURJPY 128.32 0.7 360 23/8 128  New position
             
OPEN PROFIT     $1020