European markets closed lower opening the week on a negative tone. Autos sector was the weakest leading sector, moving lower on the ongoing Diesel Emission scandal and the strengthening Euro while energy and retail stocks were mostly in the green. For July the EUSXX50 closed marginally in the green while the DAX and CAC turned negative on Euro strength for the month. YTD the EURSXX50 is up 4.83%.
Forex & Commodities markets
The Swiss franc and the Dollar downwards spiral continued to make headlines in the FX markets yesterday. The dollar closed at 2.5 year lows vs the Euro and the Swiss franc traded close to the crash levels of DEC 2014 vs the Euro. The Euro strengthened across the board to close above 1.14 vs the franc and above 1.18 vs the dollar. UK manufacturing PMI at 9:30 am and ISM manufacturing at 1:30 pm are the important news on the agenda Tuesday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|