The dollar traded mostly sideways as investors look for more on the US China trade disputes and ahead to the FOMC Wednesday meetings. The ECB press conference shed little on the Euro and EU markets which traded in very narrow ranges to close the trading day basically flat. All other FX markets traded mostly sideways yet the dollar traded sharply higher versus the MXN, reversing course again versus emerging markets. Metals traded in negative territory after yesterday sharp move higher and Oil spiked more than 3.5% on supply cuts agreed upon between OPEC and Russia that will affect prices and create a supply deficit in the second quarter of 2019. Oil closed at 53$ per barrel, still negative for the week.
EUR Flash Manufacturing PMI at 10:00 am and US Retail Sales at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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