The dollar index traded mostly sideways as trade worries return to front seat after US President Trump decision to impose tariffs on EU, Mexico and Canada steel and aluminum. Global markets traded lower on the looming trade dispute while FX markets traded in narrow ranges expecting more on the US economy today on NFP. OIL was the big mover in the markets yesterday, trading at bellow 67$ per barrel on record US output production and expectations for higher OPEC production levels, that’s despite a surprise fall in US stockpiles. Metals traded sideways awaiting news on the dollar today.
UK Manufacturing PMI at 9:30 am and NFP at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up
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