The dollar traded sideways ahead of the FOMC meeting minutes and the ECB press conference today in the afternoon. Most FX markets traded in very narrow ranges with very little news on the agenda and ahead of the avalanche of economic news today. US and EU equity markets retreated from 2019 highs following renewed US EU trade disputes and profit taking ahead of the beginning of earnings season tomorrow. Metals markets traded higher on strength in Gold following a move to safe heavens while OIL moved lower from 2019 highs on profit taking and ahead of the inventories number today in the afternoon to close at 64.23$ per barrel.
UK GDP at 8:30 am, the ECB press Conference at 12:30 pm, US CPI at 1:30 pm, Oil Inventories at 2:30 pm and the FOMC meeting minutes at 6:00 pm are the important news on the agenda Wednesday. (all times GMT).
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
9.4.19 | -0.08% | -0.32% | -0.28% | 0.03% | 0.46% | -0.43% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
-0.14% | 0.08% | 0.01% | -0.3% | 0.08% | -0.17% | -0.22% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
-0.04% | -0.94% | -0.35% | -0.65% | -0.27% | -0.57% | -0.06% |
1 YEAR | -4.41% | 2.19% | 2.43% | -0.63% | -0.53% | 3.4% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
USDCAD | 3331 | 0.7 | -20 | 10/4 | 3350 | New position |
GOLD | 1297.7 | 80 | 400 | 8/4 | 1298 | SL Changed |
OIL | 62.14 | 7 | 1135 | 5/4 | 63.75 | Stopped out |
OPEN PROFIT | $380 |