European markets closed lower on very little indication from the central banks leaders on future rate increases at Jackson Hall and overall lack of interest and very little price action. Fed chairman Janet Yellen speech did very little to move the markets that closed flat with major sectors and most leading bourses trading lower near the flat line. A very light news agenda if expected for the last week of the summer heading into the NFP numbers Friday, ahead of the labor day weekend next week.
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Forex & Commodities markets
The FX markets reacted to the ECB president Draghi speech late Friday sending the Euro to 2.5 year highs vs the dollar as ECB president speech did not mentioned the latest Euro surge in the speech. The dollar index was lower again across the board as investors disappoint from the White House ongoing affairs and getting no new clues on future rate increases from Yellens speech. OIL was the best mover in the markets Friday, up nearly 1% as hurricane Harvey causes a shutdown of refinery operations in the Gulf of Mexico. There is no important news on the agenda all day Monday.
Swing trades follow up –
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