The dollar traded sharply lower Friday following the dovish speech by Fed Chairman Powell and the anticipation of a new NAFTA agreement. The speech sent investors fleeing from the US dollar into riskier currencies just 24 hours after they did just the opposite. Global markets traded higher led by a fresh new highs in US markets and a new wave of positive sentiment ahead of the US China trade talks. Metals traded sharply higher on the weaker dollar with Gold closing above the 1200$ level and Oil traded up for the fifth day in a row on Iran sanction supply fears to close above 69$ per barrel.

German Info Business Climate at 9 am is the important news on the agenda Monday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
24.8.18 0.22% -0.11% 0.65% 0.75% 1.7% 1.9%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.6% -0.45% 1.12% 0.8% -0.41% 1.8% 2.1%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.56% 0.23% 0.19% 0.24% 0.24% 0.94% 2.14%
1 YEAR 1.86%  2.39% 6.43% -0.32% 17.29% -10.79%

 

  

Swing trades follow up

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GOLD 1190 30 500 20/8 1199 SL changed
EURJPY 127.76 0.7 770 22/8 128.45 SL changed
EURJPY 128.32 0.7 420 23/8 128.45 SL changed
             
OPEN PROFIT     $1690      

 

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