The dollar traded sharply lower following the FOMC statement that pointed to a soft rate policy for 2019 and no timetable for future rate increases in any. The dollar was weak across the board losing over a percent versus the CAD and AUD. US equity markets responded with a sharp upside move that is likely to carry into Asian markets and EU markets trading sessions this morning. Metals traded sharply higher on a weaker dollar and the soft rate outlook, Gold closed yesterday at 1319$ per barrel, a 10 month high. Oil managed another positive day trading higher on markets optimism, the Venezuela oil industry US sanctions and a lower than expected US stockpiles to close at 54.25$ per barrel, up near 2% on the day.

CAD GDP at 1:30 pm is the important news on the agenda Thursday.

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
30.1.190.38%-0.43%    0.11%0.54%0.98%1.86%
USDMXNUSDCHFAUDUSDAUDJPYUSDCADSILVERNAT GAS
0.37%-0.03%1.55%1.14%-1% 1.24%-1.52%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI CSI300
-0.59%-0.33%1.56%0.95%0.26%1.06%1.05%
1 YEAR-15.28%-7.86%-9.25%-12.4%-10.06%-25.12%

 

 

Swing trades follow up

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GOLD128050205021/11315SL changed
NASDAQ66796115030/16679New position
EURJPY125.10.7-1029/1124.7 
USDCAD32380.756030/13238New position
       
OPEN PROFIT  $4180