The dollar traded sideways versus majors with no major market moving news on the agenda and investor focus on the ongoing earnings season the US China trade war. Most pairs traded on very light volume and narrow ranges, the typical summer action. Metals traded higher on a softer dollar and Oil traded higher ahead of the Inventories number today in the afternoon to close above 68.5$ per barrel. Global equity markets are expected another narrow range trading day today with earnings from Deutsche Bank and major DOW components on the agenda.

Oil Inventories at 3:30 pm is the important news on the agenda Wednesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
24.7.18 0.37% -0.16% -0.21% -0.05% -0.1% 0.6%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.01% 0.14% 0.51% 0.34% -0.11% 0.42% 0.43%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.08% 1.12% 0.7%  1.04% 0.85% 0.4% -0.23%
1 YEAR  3.94% 4.49%  5.29% 0.28% 13.25% -3.93%

 

 

Swing trades follow up

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 3143 0.7 -80 23/7 3165  
GOLD 1231 30 170 23/7 1236  
OIL 68.78 5 -10 25/7 69.1 New position
NASDAQ 7331 2 150 23/7 7290  
             
OPEN PROFIT     $230