The dollar traded mostly sideways versus majors, opening the trading week on a flat note as investors look ahead into Wednesday afternoon FOMC meeting, the second one in 2019. Most FX markets traded a narrow range session, on very little news and no triggers for investors to take on new positions ahead of the Fed. US and EU equity markets are now trading at 2019 highs and seem strong as the markets anticipate another dovish Fed to complement its EU counterpart decision three weeks ago. Metals traded another lackluster session while Oil traded higher to close at four month highs and fresh 2019 highs on OPEC supply cuts and the overall positive sentiment in the markets. Oil closed at 59.24$ per barrel, up 0.8%.
UK Average Earnings Index is the important news on the agenda Tuesday.
Swing trades follow up
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