The dollar index traded mostly sideways closing the trading week on a mixed mode with no major moves in the FX markets and very little important news on the agenda. The ease in the bonds markets allowed most global stock markets to move higher as US markets closed Friday sharply to the upside and are most likely to be followed by Asian and EU markets Monday morning. OIL was again the best mover in the commodities markets closing above 63$ per barrel on supply fears and OPEC projected production cuts.
ECB President Draghi speech at 2:00 pm and is the important news on the agenda Monday.
Swing trades follow up
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