The dollar traded sideways as investors await news on the trade war between the US and China and more investors choose the sideline as the upcoming agreement seems to linger on. Most FX markets traded in very narrow ranges on little markets moving news while global equity markets turned positive for technology stocks and all other markets, including metals traded mostly flat. Oil was the big mover on the day jumping near three percent on news that the upcoming hurricane may hit oil production facilities in the eastern US. OIL inventories coming out today in the afternoon may shed more on OIL prices direction.

US PPI at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
11.9.18 -0.12% 0.44% 0.38% -0.04% 0.16% 2.9%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.24% -0.13% -0.15% 0.29% -0.26% -0.15% 0.1%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
0.1% -0.13% -0.08% 0.27% 0.07% -0.51% -0.61%
1 YEAR -4.05% -1.89% 2.07% -5.25% 15.35% -16.23%

 

 

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 3010 0.7 -10 12/9 3040 New position
NASDAQ 7455 6 330 10/9 7400  
OIL 69.83 6 -30 12/9 70.25 New position
             
OPEN PROFIT     $290      

 

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