The dollar traded lower versus majors following US President Trump decision to open talks with the EU towards zero tariffs goal and zero subsidies on industrial goods. That news followed a treat by the US to impose a 25% tariff on foreign cars that sent the sector spiraling lower in Europe. Global equity markets traded lower until the news then spiked higher just to reverse again after another setback in US futures due to Facebook disappointing earnings. OIL traded higher to close above 69$ per barrel after the inventories number fell to 3.5 year low and Saudi Arabia decision to suspend the Red Sea shipping lane. Metals traded higher on a weak dollar and Gold closed at 1233$ per ounce.
The ECB Press Conference at 1:30 pm is the important news on the agenda Thursday.
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