The dollar traded higher versus FX markets trading near 16 month highs as investors flee to safety over another rout in global equity markets led by a selloff in technology stocks and weakness in financials and energy sectors. The dollar traded also sharply higher versus emerging markets to leave investors no option other than the JPY as an alternative safe heaven. Global equity markets soled sharply across the board and no major sector closed in the green for investors. Metals traded lower on a stronger dollar and Oil traded lower for the 11 day in a row, its longest streak on record to close under 59$ per barrel despite opening the week with a big upside move on OPEC proposed production cuts.
UK Earnings Index and Unemployment rate at 9:30 am is the important news on the agenda Tuesday.
Swing trades follow up
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