The dollar traded mostly lower versus majors as investors see now a lesser chance for additional rate hikes in 2019 and a better chance to move forward on the US China trade war. The JPY was weak across the board as investors move away from safe heavens and global equity markets has another positive session in the US and Japan. EU equity markets traded mostly sideways following the strong move Friday and looks like the global selloff in equities is coming to a calm short term. Metals traded sideways with no news on the agenda and Oil went thru another choppy session trading in narrow ranges and awaiting news as to its next move which at this point looks unclear. Oil closed the trading day at 48.59$ per barrel.
CAD Trade Balance at 1:30 pm is the important news on the agenda Tuesday.
Swing trades follow up
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