The dollar traded sharply higher versus majors and emerging markets following the ECB Press conference yesterday. The enouncement for further stimulus for EU banks from the ECB and a dovish rate outlook sent the Euro sharply lower to 21 month lows versus the dollar and triggered a selloff day in EU and US equity markets. Overnight, the Chinese trade balance came weaker than expected and coupled with and a downgrade on a leading Chinese A stock led to a sharp selloff in Asian markets, led to a CSI300 4% drop. FX markets saw the most volatile day in 2019 as the dollar traded more than 2% on average versus emerging markets leading to investors flee from riskier assets and the Euro. Gold traded higher overnight on a run to safety while OIL reversed yesterday gains for a marginal positive close at 56.32$ per barrel.

US NFP and CAD Employment Change at 1:30 pm are the important news on the agenda Friday.

 

Market

GBPUSD

USDJPY

EURJPY

EURUSD

GOLD

OIL

7.3.19

-0.73%

-0.21%

-1.31%

-1.11%

0.7%

0.64%

USDMXN

USDCHF

AUDUSD

AUDJPY

USDCAD

Silver

Nat Gas

0.45%

0.71%

-0.34%

-0.55%

0.14%

0.56%

0.84%

Dollar Index

DAX

FTSE100

CAC40

EURSXX50

NIKKEI225

CSI300

1.27%

-0.6%

-0.53%

-0.39%

-0.48%

-2.01%

-3.97%

1 YEAR

-6.78%

-0.63%

0.26%

-3.06%

-1.6%

-10.33%

 

Swing trades follow up

Trade

Entry price

Position

Open profit

Date triggered

Stop loss

Remarks today

GBPUSD

3083

0.7

-20

8/3

3110

New position               

OIL

56.2

7

40

7/3

56.51

SL changed

OPEN PROFIT

$20