March 23, 2018.

The FX and commodities markets took backstage as global equity markets sold off sharply on the trade war unraveling between the US and China where as nobody seems to know how big of an impact it will have on global markets. All global markets turned lower yesterday capped by the NIKKEI who lost 4.5% overnight and the move lower can signal a return to February lows for global markets. The JPY was sharply higher overnight as investors seek protection in cash and leave the turbulence of equities to more stable grounds.

CAD CPI and Retail sales at 1:30 pm and the US Durable goods orders are the important news on the agenda Friday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
22.2018 -0.21% -0.6% -0.75%  -0.15% 0.61% -1.53%
USDMXN USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.8% -0.04% -0.75% -1.36% 0.13% -0.12%  -0.02%
Dollar Index DAX FTSE100 CAC40 EURSXX50 NIKKEI225 CSI300
-0.05% -1.7% -1.23% -1.38% -1.55% -4.51% -3.77%
1 YEAR 0.5% -5.29% 2.62% -3.01% 8.03% 11.75%

                         

Swing trades follow up  

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
EURUSD 2266 0.7 490 21/3 2266
       
GBPUSD 4050 0.8 565 21/3 4050
       
NASDAQ 6891 5 -560 22/3 6780 Stopped out
Silver 16.55 700 -15 23/3 16.3 New position
       
         
OPEN PROFIT     $1040