The dollar traded modestly higher versus majors following the better than expected job report Friday afternoon. The awful February report was revised higher and the 190K rise in payrolls and the stagnation in wages in March fit the bill for investors, that took global equity markets to fresh 2019 highs. On top of that President Trump said Friday that he expects the FED to lower interest rates to ease down on economy that seems to be slowing down because of FED rate increases. EU and US equity markets traded higher across the board and are now within reach of all-time highs in the US, led by the Nasdaq technology stocks, up more than 7% over the past month. Metals traded mostly sideways with no reaction to the job report and OIL closed sharply higher at fresh 2019 highs, 63.26$ per barrel, on markets optimism, OPEC supply cuts and an escalating conflict in Libya that puts pressure on its supply production.
There is no important news on the agenda Monday. (all times GMT).
Swing trades follow up