The dollar traded mostly sideways versus majors other than the sterling that reversed sharply on renewed Brexit worries amid resignation of several minister in Teresa May’s government. All other FX markets traded in narrow ranges as investors await news on the US China trade war and more on the future of the dollar from the FED. Global equity markets traded mostly sideways and lower during the EU session yet the NASDAQ rallied into the US close. Metals traded mostly sideways and OIL traded higher for the second day in a row on profit taking to close at 56.7$ per barrel, still deep in the red for the week.
ECB President Draghi speech at 9:30 am is the important news on the agenda Friday.
Swing trades follow up
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