The dollar traded sharply lower across the board as investors move into riskier assets moving out of the dollar in the last 4 out of five session. The index is trading now at October 2018 prices, leaving lots of room for investors both ways, up and down. The positive sentiment in global equity markets continued yesterday and all global equity markets traded in the green yet in very narrow ranges. Metals traded higher on a softer dollar and Oil turns out to be the big winner on the day jumping near 5% and over the 50$ per barrel resistance for the first time in 3 weeks, despite record US production levels, on optimism that the US China trade war is going to end sooner than later.
Fed Chairman Powell speech at 6:45 pm GMT is the important news on the agenda Thursday.
Swing trades follow up
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