The dollar index opened the trading week on a negative tone, trending lower versus majors in an otherwise very low volume trading day and most major EU markets closed for the Easter Holiday. The lack of participation in the FX markets is likely to continue today with no major news on the agenda and investors focus turning to the peak of the earnings season in the US markets this week. US equity markets closed again at their highs, reversing the negative trend in the early session and are now within reach of fresh 2019 highs and less than 2% from all time highs. Oil investors were the winners in the markets yesterday after a big jump in Oil prices, that’s on fresh sanctions that the US Government is planning to impose on Iranian oil exports. The news pushed prices to fresh 2019 highs of 65.73$ per barrel, up near 50% this year, the best asset performer by far in 2019.
There is no important news on the agenda Tuesday. (all times GMT).
Swing trades follow up