The dollar traded mostly sideways versus majors, looking to close the shortened trading week on a flat note as all economic news had very little impact on investor appetite for any of the FX markets. While the shift out of safe heavens continues, the pace and lack of future clarity leaves most FX markets with very modest gains to show for if any, as oppose to the global equity markets performance this year. US and EU traded yesterday at fresh 2019 highs before retreating on profit taking and closing the day marginally in the red. Metals traded mostly sideways on a flat dollar and OIL reversed from 2019 highs following strong production numbers from US producers that managed to offset the surprise decline in US inventories. Oil closed lower at 63.69$ per barrel, losing half a percent on the day.
EU Flash Manufacturing at 8:00 am, UK Retail Sales at 8:30 am and US and CAD Retail Sales at 1:30 pm are the important news on the agenda Thursday. (all times GMT).
Swing trades follow up