The dollar traded sideways as investors await news on the trade war between the US and China and more investors choose the sideline as the upcoming agreement seems to linger on. Most FX markets traded in very narrow ranges on little markets moving news while global equity markets turned positive for technology stocks and all other markets, including metals traded mostly flat. Oil was the big mover on the day jumping near three percent on news that the upcoming hurricane may hit oil production facilities in the eastern US. OIL inventories coming out today in the afternoon may shed more on OIL prices direction.
US PPI at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.
Swing trades follow up
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