The dollar index and FX markets traded in narrow ranges with no major movements as investors turn their attention to the equity markets following harsher than expected rhetoric from US President Trump on the US China trade dispute. EU markets responded with a selloff across the board and the EURSXX50 lost 1.3% on global trade worries. US equities got a bust from FOMC meeting minutes however the positive sentiment did not spill into the Asian session and will probably end with the US markets reversing yesterday losses. OIL prices turned lower on a surprise increase in US Inventories and OPEC decision to step up production to make up for Iran and Venezuela US sanctions.
UK Retail Sales at 9:30 am and BOE Gov Carney speech at 6 pm are the important news on the agenda Thursday. FX and Futures class today at 3:30 pm US.
Swing trades follow up
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