EU markets closed flat ahead of Yellen speech late in the afternoon. Basic resources sector underperformed the markets down 0.4% while all other major sectors closed the trading day flat. The EUSXX600 index closed higher 0.02%. Rolls Royce was UK worst performer after reporting a record loss. The stock dropped 4% on earnings. UK employment number in the morning and Chairman Yellen testimony at 3:00 pm in the afternoon and OIL inventories at 3:30 are the important news on the agenda Wednesday.
Earnings on the agenda Wednesday morning: Gerreshimer.de, DB.de, Kuka.de,
Air Liquide.fr, Credit Agricole.fr.
|Deutsche Bank.de||1.6%||Rolls Royce.uk||-4%|
Forex & Commodities markets
The FX markets were dominated by dollar strength and YEN and sterling weakness after Fed Chairman Yellen speech in front of the congress. The sterling was lower on the UK CPI number. UK employment number in the morning and Chairman Yellen testimony at 3:00 pm in the afternoon and OIL inventories at 3:30 are the important news on the agenda Tuesday.
Swing trades follow up –
|Asset||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|