European markets traded in mixed mode with major bourses closing in different directions, the DAX closed in the green on Autos and banking sectors strength while Brexit and geopolitical issues linger on the FTSE that closed in the red. Two analyst upgrades lifted the Autos sector more than one percent while the pop in OIL prices gave a boost to energy stocks. European investors now brace for the ECB rate decision today at noon.
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Forex & Commodities markets
The dollar reversed and managed to stage a positive day while geopolitical worries took the back stage as investors look up to Mario Draghi and the ECB press conference today. The big move in the FX markets came on BOC decision to raise the interest rate by 25 basis points, taking the markets by surprise and sending the CAD sharply higher to 4 month highs vs the dollar. The ECB Press Conference at 1:30 pm GMT and OIL Inventories at 4 pm are the important news on the agenda Thursday.
Swing trades follow up –
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