The dollar traded mostly sideways versus majors as the dovish ECB had left the Euro and FX markets little change. The unclear global equity markets and high volatility in equities wasn’t a reason for investors to move into safe heavens yesterday, leaving FX markets mostly unchanged and investors looking for more clues later on today on the US GDP news. Global equity markets traded mostly in the green led by US Technology stocks while EU markets reversed from year lows to trade 1% to the upside. Metals and oil has little reaction to markets yesterday and more is expected today following the US GDP reading at noon.
US GDP at 1:30 pm and ECB president Draghi speech at 3 pm are the important news on the agenda Friday.
Swing trades follow up
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