The dollar index mostly lower with very little market moving news on the agenda as investors await the first major bank meetings outcome in 2019, the ECB, today in the afternoon. Most FX markets other than the sterling traded in narrow ranges while global slowdown concerns take center stage for FX markets and investors welcome clarity on the ongoing US China trade war saga. Global equity markets traded in narrow ranges with EU markets closing in the red and US markets reversing from a green open to red and back to green going thru a wild trading session. Metals traded mostly sideways and OIL traded sharply lower on the inventories number then reversed to close down only 0.6% at 52.44$ per barrel.
The ECB rate decision and Press Conference at 1:45 pm is the important news on the agenda Thursday.
Swing trades follow up
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