The dollar traded mostly sideways versus majors ahead of the NFP numbers today in the afternoon following the FED dovish dollar outlook and following the poor results of EU bank earnings yesterday that may put another cap on the Euro. Most FX markets traded in narrow ranges awaiting NFP today while EU equity markets reversed late in the day a very weak session led by weakness in the banking sector. Gold outperformed the markets for the fourth day in a row closing above 1320$ per barrel and up 40$ over the past 5 trading days. Oil traded mostly sideways with no major news to close down half a percent at 53.98$ per barrel.
US NFP at 1:30 pm and US ISM Manufacturing at 3:00 pm are the important news on the agenda Friday.
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
31.1.18 | -0.03% | -0.16% | -0.46% | -0.29% | 0.75% | -0.52% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
0.02% | 0.02% | 0.25% | 0.09% | -0.11% | 0.9% | -0.88% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
0.26% | -0.08% | 0.4% | 0.33% | -0.07% | 0.1% | 0.93% |
1 YEAR | 15.29% | -7.5% | 8.47% | -11.68% | -11.47% | -23.92% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
GOLD | 1280 | 50 | 1880 | 21/1 | 1315 | |
NASDAQ | 6679 | 6 | 1220 | 30/1 | 6834 | SL changed |
EURJPY | 125.1 | 0.7 | -260 | 29/1 | 124.7 | Stopped out |
USDCAD | 3250 | 0.5 | 370 | 30/1 | 3170 | SL changed |
OPEN PROFIT | $3470 |