The dollar index traded mostly sideways, higher versus the Euro and lower versus commodities economies. Italy political woes are the main reason the Euro trades at 8 month lows versus the dollar, help creating a better environment for EU markets equities, the DAX is now up more than 1200 points in the last two months. Equity markets traded globally in very narrow ranges and the lack of drivers and lower trading volumes made the markets seem to be already in the summer vacation. OIL traded higher on a Morgan Stanley analyst upgrade and a surprise drop in US OIL inventories.
There is no important news on the agenda Thursday.
Swing trades follow up –
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