The dollar traded higher after another day of turbulence in global markets, the Euro was lower on Germany political instability and investors moved into the dollar fearing the unclear global economic picture. Emerging market currencies traded sharply lower and the Mexican Peso traded near 4% lower versus the dollar. Global equity markets started the week on a positive note then turned lower on the stronger dollar and trade fears, as the US China trade war fears loom once gain. The technology sector led the way lower and the NASDAQ lost 4% from highs to lows yesterday to lead markets lower. Metals moved lower on a stronger dollar and Oil traded lower on demand concerns and the selloff in US markets.
US CB Consumer Confidence at 3 pm is the important news on the agenda Tuesday.
Swing trades follow up
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