The dollar reversed course to trade higher across the board versus majors as investors turn to the dollar and JPY following strong US housing data and fears the markets are looking into a pullback despite record highs in the US equity markets and the Australian market trading at 10 years highs. While US equity markets traded sharply higher yesterday, EU and Asian markets traded mostly sideways as investors express caution ahead of the US GDP numbers set to come out Friday. Metals traded lower on a stronger dollar while Oil Investors will look closely at the Inventories numbers to be posted today in the afternoon for clues on near term crude price action. Oil closed higher again yesterday, at 66.12$ per barrel, another fresh high for 2019.
CAD BOC Rate Statement at 1:30 pm and Oil Inventories at 2:30 pm are the important news on the agenda Wednesday. (all times GMT).
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
23.4.19 | -0.34% | -0.1% | -0.4% | -0.29% | -0.36% | 1.14% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
0.53% | 0.45% | -0.48% | -0.55% | 0.7% | -1.34% | -2.73% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.33% | 0.11% | 0.85% | 0.2% | 0.13% | -0.37% | -0.43% |
1 YEAR | -2.51% | 1.32% | 2.71% | -0.2% | -0.45% | 4.13% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
USDCAD | 3447 | 0.7 | -10 | 24/4 | 3415 | New position |
NASDAQ | 7698 | 8 | 980 | 17/4 | 7794 | SL Changed |
GOLD | 1272 | 40 | -110 | 18/4 | 1265 |
|
OPEN PROFIT | $860 |