The dollar traded mostly sideways versus major closing the week on a positive note, despite a weaker than expected inflation data, suggesting a slowdown in the economy. The number however was a positive for US equity markets, supporting the dovish trend for 2019 for future interest rate increases. The dollar gained 80 pips for the week versus the Euro, yet the pair is still in a deadlock 9 months chop on the monthly chart. EU equity markets traded sharply higher closing the month a little bellow the flat line yet on a positive trend. The NASDAQ and technology stocks closed the month higher near 4%, leading major global markets reversal for 2019, up 15% from 2018 lows of December and looking strong into the earnings season that will open in 10 days. Metals closed the trading week flat and the month in the red while OIL traded sharply higher to close the month up 3$ and over the 60$ per barrel level.
US Retail sales at 1:30 pm and US ISM manufacturing PMI at 3:00 pm are the important news on the agenda Monday. (all times GMT).
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