The dollar traded mostly sideways versus majors as US markets stayed closed yesterday on mourning for George Bush, the 41-th president. Global equity markets traded sharply lower overnight on growth worries and renewed concerns on the US China trade war. EU markets traded lower across the board yesterday, and more downside is expected this morning as US futures slide more than 1% and Asian markets are trading sharply lower.
Metals traded mostly sideways yesterday while Oil will face OPEC meetings news and the inventories news today in what is expected to be the most volatile trading day for Oil in months. Oil closed at 53.12$ per barrel yesterday.
OPEC Meetings all day, ADP Non Farm Employment at 2:45 pm and Oil inventories at 3:30 pm are the important news on the agenda Thursday.
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