The dollar index traded higher versus majors other than safe heavens after global markets reacted with a selloff to the increased tension following the looming trade war between the US and China. The moderate response in the US markets may signal a relief after US indexes traded higher following a weak open and Asian markets traded in positive territory overnight. The JPY was the place to go for investors while commodities moved lower on a stronger dollar and Oil will make its move today on the inventories number. The ton in the dispute between the White House and China will be guiding the markets today.
ECB Forum discussions – all day and US Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.
Swing trades follow up
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