October 16, 2018. The dollar traded lower versus major on negative US increased budget deficit news and another round of bad news coming from analysts regarding the solution of the US China trade disputes. FX markets opened the trading week on a flat note, low volumes and tight ranges as expected from a no major news Monday. Equity markets traded mainly in positive territory in Europe than turned lower as US markets traded a lackluster session that closed in the red. Metals traded higher on a softer dollar and some run to safety while Oil traded higher on worries of an escalating dispute between the US and Saudi Arabia over the Saudi journalist disappearance.
UK Average Earnings Index at 9:30 am is the important news on the agenda Tuesday.
Swing trades follow up
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