The dollar traded higher versus majors and lower versus emerging markets as the Turkish lira rebounded and the Turkish economy crisis panic seems to be contained at this point. The TRY traded at the 6.33 level after trading as high as 7.23 yesterday, sending some relief signals to worry investors. Still, the Euro was lower across the board, trading at record 2018 lows versus the dollar and CHF. Global equity markets traded higher in the US and mostly lower in the EU and Asia, as new money is not coming into the markets at this time with many questions marks on the table, Turkey, the US China trade war, EU Banks amongst the reasons. Metals still not showing signals of relief, Gold traded overnight at new 2018 lows, 1188$ per ounce, at 18 months lows.
UK CPI at 9:30 am, US Retail Sales at 1:30 pm and Oil Inventories at 3:30 pm are the important news on the agenda Wednesday.
Swing trades follow up
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