The dollar index traded sharply lower reversing yesterday gains as the Euro gained for its best day versus the dollar in 2018 on speculations that the Italian crisis calms and political turmoil will be resolved. All global markets reacted with a sharp move higher, reversing yesterday losses and sending a signal of relief to investors. US markets gained more than one percent and Asian markets traded higher overnight, signaling a positive EU markets open this morning. Oil was sharply higher on markets global strength ahead of the Inventories number today in the afternoon and metals traded higher on a weaker dollar.
CAD GDP at 1:30 pm and OIL Inventories at 3:30 pm are the important news on the agenda Thursday.
Swing trades follow up
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