The dollar traded mostly lower and sideways losing some of yesterday sharp gains versus FX markets. Emerging markets currencies saw some buying and relief after investors picked up on both currencies and equity markets. Global markets had another red day led by the technology sector in the US and weakness in EU and Asian markets overall. Metals reversed the sharp losses from yesterday and Gold closed above 1196$ per ounce while Oil traded lower ahead of the inventories number today in the afternoon, in expectation of a pickup in Oil inventories following the end of the driving season in the US.
US ADP Non Farm Employment at 1:15 pm and Oil Inventories at 3:30 pm are the important news on the agenda Thursday.
Swing trades follow up
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