The dollar traded lower versus major however to focus in the FX markets was the Japanese Yen, sharply higher across the board on hawkish remarks and speculation that the Japan central bank will exit its ultra easy policy stance. All other FX markets traded in very narrow ranges and with zero news on the agenda. Global equity markets had another August doldrums day, trading sideways on very low trading volumes. As expected Oil was the big mover on the day, taking a 3.3% dive on an unexpected increase in OIL inventories and expectations of a lesser demand following the US China trade war.
US PPI at 1:30 pm is the important news on the agenda Thursday.
Swing trades follow up
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