October 12, 2018. The dollar traded sharply lower following the release of the US CPI number that came in lower than expected and sent investors out of the dollar to look for better near term opportunities. Metals had their field day jumping more than two percent yesterday on the news as Gold traded as high as 1226$ per ounce, its best move in 2018. Global equity markets traded sharply lower with EU markets in correction territory after the EURSX50 dipped below the minus 10% level for the past 12 months and US markets closed lower led by weakness in banks and industrials. OIL traded sharply lower on the inventories number which showed a higher than expected increase in US stockpiles and an OPEC forecast suggesting a cut in near term future demand.
G20 meetings all day are the important news on the agenda Friday.
Swing trades follow up
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