The dollar traded higher versus majors as investors moved out of safe heavens and riskier markets alike to step into the dollar, not a common event in the FX markets lately. The dollar also strengthen versus emerging markets, jumping more than 1% versus the MXN after a three month slide that reversed from 2019 lows yesterday. Despite US China trade tensions EU markets traded higher enjoying the stronger dollar while US markets closed a flat lackluster trading day. Metals traded lower on a stronger dollar and Oil went thru another wave of choppy trading taking a hit in the morning session then reversing to close near the flat line, at a 52.43$ per barrel close and very much within 2019 trading range.
UK BOE Gov Carney speech at 1 pm and US FED Chairman Powell speech at 5:45 pm are the important news on the agenda Tuesday.
Swing trades follow up
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