The dollar traded lower bucking the US markets trend and signaling investors that a breakout in the tight FX market is still not on the table, at least until NFP Friday. Most FX markets traded in very narrow ranges ahead of the Bank of Japan meeting this morning and ahead of important news down the week. Global equity markets traded lower led by US markets and weakness in the technology sector, still the markets traded on very low volumes and tight ranges. Oil was the big winner on the day, jumping near 2% on a weaker dollar and Iran sanctions worries. Most metals were flat despite a weaker dollar.
CAD GDP at 1:30 pm is the important news on the agenda Tuesday.
Swing trades follow up
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