Daily Report January 11, 2018.
DAILY FX, COMMODITIES& GLOBAL ETF’S REPORT
The dollar index reversed course following the decision of the Chinese government to slow the purchase of US bonds. As a result investors flooded into the Yen which had its best day in more than two months, climbing more than one percent versus majors. Commodities currencies had a red day, all moving lower versus majors. OIL inventories had little to do with the rally in OIL, closing at three year highs and above63$ per barrel. Global markets pulled back from all time highs, despite strength in the banking sector, the DAX closed lower near the 13,200 points support level.
US PPI at 1:30 pm is important news on the agenda Thursday.
Swing trades follow up –
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