The dollar index traded mostly sideways as investors digest the impact of the trade war between the US and China and the near term affects of the tariffs imposed by US President Trump. FX markets traded in narrow ranges while global equity markets reversed yesterday selloff led by strength in the technology sectors. Metals traded mostly in negative territory on a stronger dollar while OIL moved higher on strong US demand and despite record production levels in the US, inventories dropped sending crude prices higher by one percent.
SNB Press Conference at 9:30 and BOE rate decision at 12:00 pm are the important news on the agenda Thursday.
Swing trades follow up
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