The dollar index traded higher as investor appetite for riskier currencies subside following global trade fears and a move to cash following the selloff in global equity markets that did not result in money pouring into safe heavens. Global equity markets traded in narrow ranges following yesterday selloff day with very little market participation and basically zero trend in the markets. Chinese markets moved into bear market and turned negative for the year as the Yuan sits now at six month lows versus the dollar. Oil was the only winner in the markets yesterday jumping to over 70$ per barrel on Iran sanctions and disruption supplies in Libya and Canada. Metals traded lower on a stronger dollar and Gold broke the 1260$ level to close at year lows 1255$ per ounce.
BOE Gov Carney speech at 9 am, US Durable Goods orders at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Tuesday.
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|