The dollar traded lower opening the trading week on a flat note versus majors and lower versus emerging markets. The sterling was the mover in the FX markets yesterday as investors eye the UK Parliament vote tonight, sending the sterling higher more than 2% in the process in expectations that a Reject BREXIT vote is on the table. Global equity markets rallied on M&A news from the US as well as an AAPL upgrade. The technology sector leading stocks jumped more than 2% and lifted all global markets in the process to a strong rally, reversing last week’s trend and sending a positive reassuring message to investors. Metals traded mostly lower on markets strength while Oil traded higher to close just below the 57$ per barrel resistance level
UK GDP and Manufacturing Production at 9:30 am, US CPI at 12:30 pm and UK Parliament BREXIT VOTE at 5 pm are the important news on the agenda Tuesday.
Swing trades follow up