The dollar traded higher versus majors after the release of a stronger than expected PPI number yesterday afternoon. The strong read sent the dollar higher versus FX markets after two selloff days easing some of the pressure on greenback investors. Global equity markets traded is very narrow ranges ahead of the opening of earnings season today in the US, as investors are in a great profit taking situation with global markets at 2019 highs. Metals traded sharply lower on the stronger PPI tick, Gold lost more than 12$ on the news to close at 1289$ per ounce and Silver traded sharply lower and lost more than 2%. Oil closed sharply lower on profit taking as investors fear a global slowdown in demand despite OPEC production cuts and Venezuela output crisis. Oil closed at 63.71$ per barrel yesterday.
US Consumer Sentiment at 2:00 pm is the important news on the agenda Friday. (all times GMT).
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
11.4.19 | -0.24% | 0.57% | 0.43% | -0.13% | -1.43% | -1.56% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
0.07% | 0.06% | 0.69% | -0.1% | 0.37% | -2.2% | -1.11% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.21% | 0.25% | -0.05% | 0.66% | 0.31% | 0.67% | -0.47% |
1 YEAR | -3.86% | 2.2% | 3.32% | -0.25% | 0.23% | 2.06% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
EURNOK | 9.609 | 0.8 | -20 | 12/4 | 9.619 | New position |
USDDKK | 6.6174 | 0.7 | -80 | 11/4 | 6.6250 | Stopped out |
GOLD | 1297.7 | 80 | 220 | 8/4 | 1300.7 | Stopped out |
NASDAQ | 7622 | 8 | 30 | 12/4 | 7599 | New position |
OPEN PROFIT | $10 |