The dollar traded sharply higher versus majors reversing yesterday losses after the ECB seemed to be dovish on the Euro outlook leaving future rate increases completely off the table. The dollar gained across the board on Euro weakness while yesterday comments from President Trump seem to have kept balance the move. Metals traded sharply lower on the stronger dollar while global equity markets traded higher in the EU markets on a weaker Euro and relief in the auto sector and lower in the US led by weakness in the technology sector. More earnings are expected today with investors eyeing the US GDP set to come before markets open in the US.

US Final GDP at 1:30 pm is the important news on the agenda Friday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
26.7.18-0.6% 0.22%-0.5%-0.71%-0.75%0.42%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.1%0.26%-1.03%-0.92%0.21%-1.18%-1.42%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
0.44%1.83%0.06%1%1.18%0.26%-0.1%
1 YEAR 4.1%2.83% 5.66%0.46%12.78%-4.83%

 

 

Swing trades follow up 

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GBPUSD31430.724023/73165 
GOLD12313022023/71236 
EURCAD52890.738026/75315New position
NASDAQ7331223023/77290 
S&P50028201025025/72805 
       
OPEN PROFIT  $1430