The dollar index traded marginally higher versus majors as FX markets opened the trading week on a flat note due to the lack of positive news and the three day weekend in the US. Global equity markets and US futures traded lower on global growth concerns and profit taking after the amazing rally the markets have shown so far in 2019. As earnings season is around the corner for the FAANG stocks in the US a pullback in the markets this week won’t surprise given the 14% rally in the NASDAQ from year lows in the past two weeks. Metals traded lower on a stronger dollar and OIL was higher opening the week then turned lower in sentiment with US futures to close at 54.16$ per barrel.
UK Average Earnings at 9:30 am is the important news on the agenda Tuesday.
Swing trades follow up
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