The dollar index traded lower versus safe heavens as investors turned cautious ahead of the G7 meeting today and looking at the looming trade disputes and weakness in global emerging markets. Technology stocks led the markets lower in the US and the negative sentiment turned into a red session for Asian markets as well. Oil was the winner in the markets Thursday, jumping more than 2% on Venezuela supply troubles. Another issue for Oil is the widening gap between Brent and WTI prices which were subject to US higher production levels and OPEC production cuts for EU and global customers. Commodities traded mix on the day with Gold closing at 1296$ per ounce.
G7 meetings all day and CAD Employment change at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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