The dollar index traded lower versus majors and higher versus commodities currencies as the trade war concerns spread into global equity market sending EU and US indexes sharply lower to their worst selloff day in two months. Technology stocks led the markets on a cross the board selloff day while investors had no were to go other than cash and safe heavens did not perform well either. Metals moved lower despite a weaker dollar and their “safe heaven” status is no longer of interest to the markets. Oil, Fridays big winner soled off yet managed to close above 68$ per barrel. US markets will lead the way for the markets today on what looks to be a rebound day following yesterday selloff.
US Consumer Confidence at 3:00 pm is the important news on the agenda Tuesday.
Swing trades follow up
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