The dollar index traded lower from 11 month highs following the hawkish tone coming from the Bank of England and profit taking as the dollar hit another high yesterday. Investors moved into the JPY and CHF as the escalating trade war between the US and China seems to take center stage. All global equity markets moved south led by EU markets that lost an average one percent yesterday. OPEC meetings opening in Vienna today will likely move OIL to investor front line while global equity markets will observe the ongoing US China trade dispute consequences.
OPEC meetings all day and CAD CPI at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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