The dollar opened the trading week on a flat note, trading mostly sideways with no major news on the agenda and investors looking ahead to the UK BREXIT vote today and further into the US China trade war ongoing discussions. Global equity markets traded lower on weak Chinese exports data and some profit taking following last week rally. The start of the earnings season failed to impress investors as US markets traded a lackluster session that closed in the red. The JPY was the winner yesterday in the FX markets while metals climbed on a weaker dollar and OIL closed lower on global growth worries and record US production pace, that averaged 11/7 million barrels per day in 2018. Oil prices closed at 51.05$ per barrel yesterday.
US PPI at 1:30 pm and UK Parliament BREXIT VOTE at 4 pm are the important news on the agenda Tuesday.
Swing trades follow up
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