The dollar traded mostly sideways opening September on a flat note on US markets Labor day Holiday. The sterling was the only mover in the FX markets yesterday, taking a 0.7% hit versus majors after the Brexit EU Chief negotiator said he is against the British government Brexit proposals on exit terms. EU and Asian markets opened the trading week on a negative note, trading lower yet in very narrow trading ranges on global trade worries while OIL and metals traded mostly sideways with no major moves on the day.
UK Inflation report at 1:15 pm and US ISM Manufacturing at 3:00 pm are the important news on the agenda Monday.
Swing trades follow up
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