The dollar traded lower for the third day in a row this week, pushed lower by US Treasury yields and another staggering reversal for the sterling, up near 1.2% versus the dollar, its strongest move in 24 months, after was seems now a sure delay in the Brexit process that is most likely to pass in the UK Parliament today. FX markets traded a narrow range day, other than the sterling there was not much price action for investors to go for. Global equity markets rally continues in the EU-US markets, the Nasdaq closed at fresh 2019 highs yesterday and help lift all other indexes higher despite a rout in airlines and DOW bellwether Boing. Metals traded sharply higher on a weaker dollar and OIL closed at fresh 2019 highs 58.61$ per barrel after a surprise dip in US Oil inventories, Iran and Venezuela sanctions, OPEC production cuts and a lower US production level
UK Brexit Parliament vote at 2:30 pm, (tentative), is the important news on the agenda Thursday.
Swing trades follow up