The dollar traded sideways versus majors as FX markets opened the trading week on a flat note with no major market moving news on the agenda and very little overall interest from investors. The lack of volatility in the FX markets can be attributed to the reversal in the US rate policy by the Fed and the global decision of policy makers not to move from the present economic path that created stability in the markets. EU and US equity markets traded yesterday at 2019 highs despite weakness in the financial sector in the US after Goldman Sachs disappointing earnings results. Metals traded lower on another move from safety and Oil closed lower after the Russian Energy minister said that Russia and OPEC may bust production to fight US producers for market share. Oil traded lower to close at 63.7$ per barrel.
UK Average Earnings Index at 8:30 am is the important news on the agenda Tuesday. (all times GMT).
Swing trades follow up