The dollar traded lower for the third day in a row this week, pushed lower by US Treasury yields and another staggering reversal for the sterling, up near 1.2% versus the dollar, its strongest move in 24 months, after was seems now a sure delay in the Brexit process that is most likely to pass in the UK Parliament today. FX markets traded a narrow range day, other than the sterling there was not much price action for investors to go for. Global equity markets rally continues in the EU-US markets, the Nasdaq closed at fresh 2019 highs yesterday and help lift all other indexes higher despite a rout in airlines and DOW bellwether Boing. Metals traded sharply higher on a weaker dollar and OIL closed at fresh 2019 highs 58.61$ per barrel after a surprise dip in US Oil inventories, Iran and Venezuela sanctions, OPEC production cuts and a lower US production level
UK Brexit Parliament vote at 2:30 pm, (tentative), is the important news on the agenda Thursday.
Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
13.3.19 | 1.16% | -0.31% | 0.04% | 0.35% | 0.97% | 2.67% |
USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
-0.23% | -0.45% | 0.11% | -0.2% | -0.37% | 0.5% | 1.2% |
Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
-0.37% | 0.42% | 0.11% | 0.69% | 0.59% | -0.02% | -0.83% |
1 YEAR | -5.44% | 0.37% | 1.4% | -1.99% | -2.25% | -9.27% |
Swing trades follow up
Trade | Entry price | Position | Open profit | Date triggered | Stop loss | Remarks today |
NASDAQ | 7060 | 7 | 1680 | 10/3 | 7210 | SL changed |
GBPUSD | 3290 | 0.7 | -10 | 14/3 | 3250 | New position |
OPEN PROFIT | $1670 |