The dollar traded mostly sideways opening the trading week on a flat note versus majors and lower versus emerging markets thus reversing some of Friday strong gains. The fear of recession that sent investors into the dollar and the JPY Friday faded as global equity markets went thru an inside day that sent a calming message and most FX and US and EU equity markets traded a lackluster typical Monday trading day with no major news on the agenda. US technology stocks reversed some of Friday 2.5% selloff and the NIKEI is up sharply overnight after losing more than 3% yesterday, its biggest losing day in 2019.
Metals traded higher on a softer dollar and OIL went thru another choppy session to close marginally lower, at 59.1$ per barrel.
US CB Consumer Confidence at 2:00 pm is the important news on the agenda Tuesday. (all times GMT).
Swing trades follow up
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