The dollar traded mostly sideways after the Christmas vacation as most investors are vacationing and FX markets are trading very light volumes. Most EU FX markets are closed and so is the Canadian market. With no new on the agenda it is expected that markets will continue trading in low volume tight range pending fresh US news. Global equity markets will attempt a rebound from 18 month lows as bottom fishing trader are expected to take advantage of the low volumes in most global markets that are trading today. Oil closed Monday at 42.4$ per barrel, a fresh low for 2018, prices seen last in June 2017, down near 45% from year highs!!
Most Global markets are closed for the Christmas Holiday or will trade very light volumes.
Swing trades follow up
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