The dollar traded mostly higher opening the month on a positive note as investors await more on the US China trade war and global equity markets trading in positive territory. US markets traded near all time highs before retreating towards session end while the Japanese NIKEI is trading at all time highs. European markets traded mostly sideways aided by a weaker Euro and with no major news on the agenda. Oil was gain the big winner in the markets, climbing more than three percent to four year highs 75$ per barrel on Iran upcoming sanctions, as OPEC seems unable to fill the gap in demand and investors fear a tight supply market in the coming months.
FED Chairman Powell speech at 5:45 pm is the important news on the agenda Tuesday.
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