October 22, 2018. The dollar traded lower versus majors as investors seek relief from the Brexit and Italy budget crisis and positive news coming out of China. The Euro was strong across the board as traders are now more positive on problem solving issues and less worry about the negative near term outcome of the Italian budget crisis. EU equity markets traded flat as the earnings season about to kick in high gear this week. Asian markets opened the trading week sharply higher after the Chinese government announced support for the markets and the markets reversed a weak open of the trading week. Oil managed a reversal from Friday looking at the Saudi journalist crisis developments.
There is no important news on the agenda Monday.
Swing trades follow up –
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