The dollar traded mostly sideways 24 hours ahead of the first FED meeting for 2019 as investors stay out pending the outcome of the two day FED deliberations. Most FX markets traded in narrow ranges with no major news on the agenda. Global equity markets traded lower across the board on weak earnings reports and fears of a China and global slowdown sending indexed near a percent lower. Metals continued their uptrend on a softer dollar with Gold closing above the 1300$ level while Oil took a 3.2% dive on demand fears to close at 52.1$ per barrel, still within the bull flag formation on the daily chart and awaiting a move either way.
US CB Consumer Confidence at 3 pm is the important news on the agenda Tuesday.
Swing trades follow up
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