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.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
24.8.180.22%-0.11%0.65%0.75%1.7%1.9%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.6%-0.45%1.12%0.8%-0.41%1.8%2.1%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.56%0.23%0.19%0.24%0.24%0.94%2.14%
1 YEAR1.86% 2.39%6.43%-0.32%17.29%-10.79%

 

  

Swing trades follow up

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GOLD11903050020/81199SL changed
EURJPY127.760.777022/8128.45SL changed
EURJPY128.320.742023/8128.45SL changed
       
OPEN PROFIT  $1690