The dollar traded lower for the second day in a row this week, bucking the NFP downward trend and leaving FX markets with no leadership for investors that had to scramble back to the Euro yesterday. 2019 shapes as a tough place for FX investors so far and most FX markets seem most likely to continue their choppy trading ways, at least near term. Global equity markets traded an inside day yesterday and the Brexit rejection by the UK Parliament left no mark on global markets at all. Metals traded higher on a softer dollar and Gold closed above the 1302$ per ounce level while Oil traded mostly sideways, awaiting the release of the Inventories number today in the afternoon.
UK Annual Budget Release at 1:002 pm, US PPI and durable Goods orders at 12:30 pm and Oil Inventories at 2:30 pm are the important news on the agenda Wednesday.
Swing trades follow up
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