European markets traded sideways opening the trading week on a flat note. Most major sectors were flat while miners were higher on the day while banking stocks still dragged the markets following the weak earnings report from Societe General.fr Friday. DTelecom.de was lower Monday on a poor earnings report while all other market leaders traded mostly sideways.
Forex & Commodities markets:
The dollar index turned lower to open the week on a negative note, sending metals sharply higher and reversing again Friday gains. The dollar was weak across the board while OIL hit another high for the year this time on supply concerns following turmoil and corruption charges in the Saudi energy leadership. ECB president Draghi speech at 10 am is the important news on the agenda Tuesday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|Societe General.fr||46.24||300||780||3/10||46||SL changed|