The dollar traded opened the trading week on a flat note and not a lot of action is expected today with no news on the agenda and major EU markets banks closed for the Easter Holiday. US earnings will continue to dominate the agenda as most of the S&P500 components are set to report this coming week. The global economic agenda is a dull one this week, leaving room to a pullback in US and EU equity markets that are trading on fumes at 2019 highs for the past two weeks. The 2% selloff in China this morning may be the first sign of a real profit taking in the markets. Oil on the other hand traded sharply higher over the weekend on news that the US government is planning more sanctions on Iranian oil exports, leading to a jump in crude prices that trade this morning at fresh 2019 highs, 65.5$ per barrel. Gold is also on investors watchlist pending a pullback in global equity markets.
EU Bank Holiday all day – there is no important news on the agenda Monday. (all times GMT).
Swing trades follow up