The dollar traded lower versus majors closing the trading week on a negative tone on profit taking and investor expectations of a softer dollar ahead. Worries of global growth expressed by the Fed vice chair Clarida sent investors to the JPY and CH, safe heavens currencies. Global equity markets closed the week with a flat note as EU markets traded lower and US markets closed mixed and negative for the week. Metals traded higher on a softer dollar and Gold closed at 1221$ per ounce while OIL managed another green day, the third in a row to close at 57$ per barrel, yet closed down 3$ for the week.
There is no important news on the agenda Monday.
Swing trades follow up
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