The dollar traded lower versus majors as investors move into the CHF and JPY on another rout on Wall Street and ahead of the FOMC meeting tomorrow. The policy outlook of the FED is the big question mark for investors heading into the close of 2018 with zero to minor negative gains for US indexes and global turmoil in emerging markets, China and Europe. Metals traded higher on a softer dollar and a run to safety while the big loser on the day turned to be Oil, down another 3.6% to fresh 2018 lows as investors fear a global slowdown and oversupply coming from record US shell production. Oil closed yesterday at 49.36$ per barrel, down 28$ per barrel from October 3th year highs.
There is no important news on the agenda Tuesday.
Swing trades follow up
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