The dollar traded sharply higher coming from its worst week in two months as the Brexit no go from the UK regulators sent the sterling to fresh 2018 lows. All other FX markets traded in narrow ranges ahead of the ECB later this week and the crucial FOMC next Wednesday. Global equity markets started the trading week on a negative tone than later in the day US markets reversed higher to closed positive after a weak open in global equities session in the morning. Metals traded lower on the stronger dollar and OIL OPEC effect faded as investors sent crude to test 2018 lows after another red session on fears of US production oversupply and global demand slowdown. Oil closed at 50.83$ per barrel.
UK Earnings Index at 10:30 am and US PPI at 1:30 pm are the important news on the agenda Tuesday.
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|