October 23, 2018. The dollar traded higher versus majors as investor appetite for risk turns sour after what looked to be a positive start of the week. Monday morning Asian markets rally quickly faded as EU and US equity markets turned red after a positive start of the week sending investors into the dollar and CHF. Disappointing earnings and the instable global environment seem to be too much for investors to cope with at this time. FX markets traded in narrow ranges and the only mover in the majors was the sterling, taking a turn south on fresh UK political instability and more Brexit worries. Metals traded lower on a stronger dollar while Oil traded mostly sideways supported by the Saudi Arabia journalist crisis and closing near the 69.5$ per barrel level.
UK BOE Gov Carney speech at 4:20 pm is the important news on the agenda Tuesday.
Swing trades follow up
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