EU major markets closed deep in the red as investors took profits of the table and all major sectors closed in the red. The DAX underperformed the markets sinking 1.2% on weakness in Autos, banking and industrials and the markets lacked any positive momentum following weaker than expected results from BASF, down 2.9% after earnings. RBS.uk fell 4.5% and Basic resources closed down 2% to drag the FTSE into a red day. The EUSXX600 index closed lower 0.76%. There is no important news on the agenda Monday morning.
Earnings on the agenda Monday morning:
Forex & Commodities markets
GOLD and metals turned out to be the winners in the markets for the second day in a row, as weakness in the global markets sent investors to metals and away from EU leading markets. FX markets closed mixed and the sterling turned red into the close on Scotland referendum speculations. There is no important news on the agenda Monday.
Swing trades follow up –
|Asset||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|Air France.fr||5.95||700||340||16/2||6.41||Stopped out|