The dollar opened the trading week sharply higher on the positive sentiment in the markets following the G20 meeting between US President Trump and China leader Xi Ping Saturday. The leaders agree to pursue the trade talks without any additional tariffs and the overall positive sentiment between the two sent the dollar higher versus FX markets, the greenback gaining more than 0.7% versus majors to 14-day highs. FX markets traded away from “safe heavens”, the CHF traded lower more than 1.2% versus the dollar, the JPY lost 0.5% and Gold lost nearly 2% as investors rushed out into riskier assets, sending EU markets to fresh 2019 highs and US markets to fresh all-time highs before retreating on profit taking during market hours. OPEC meetings sent prices to 5 weeks highs yesterday before a pullback after what the markets perceive as “dovish” production cuts versus the expectations of lower global activity and the increased US production levels and exports. Oil prices closed yesterday at $59.12 per barrel.
OPEC meetings all day are the important news on the agenda Tuesday. (all times GMT).
Global Markets 24 hours wrap-up
Swing trades follow up
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|