The dollar traded in narrow ranges, unaffected by the FOMC meeting outcome which was in line with investors expectations. The renewed feud between the US and China over trade tariffs took center stage for investors and that sent global equity markets to a red trading day despite strength in the technology sector led by strong Apple earnings. Metals took a beating on the FED decision and Oil traded sharply lower for the second day in a row on the Inventories number which came higher than expected. Next on the agenda this week for investors, the BOE rate decision today and US NFP numbers tomorrow afternoon.
UK Construction PMI at 9:30 am and BOE rate decision at 12 noon are the important news on the agenda Thursday.
Swing trades follow up
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