The dollar traded lower versus majors other than the sterling on weak Retails Sales and PPI numbers and looking ahead into the US China trade war unclear path. FX markets traded a mixed session, no big losers on the day other than the sterling that is now trading at over the 0.88 level versus the Euro, a 3 week low. Global equity markets took a breather and closed mostly lower, profit taking and lack of positive drives as well as the ongoing US China saga looming above the markets the possible reasons for that. Metals traded mostly lower and sideways on very little market moving news and Oil closed higher to near 2019 highs 55$ per barrel after another volatile session on OPEC led production cuts and optimism on the US China trade talks.
UK Retail 10:30 am is the important news on the agenda Friday.
Swing trades follow up
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