The EU markets closed sharply lower to start the week. All major sectors closed in the red led by banking, basic resources and energy stocks. Investor fears over US President Trump travel policies and profit taking at 12 month highs resulted in the selloff in the markets. The EUSXX600 index closed lower more than 1%. ECB President Draghi speech at 8:00 am is the important news on the agenda Tuesday.
Earnings on the agenda Monday morning:
Forex & Commodities markets
The strength in the JPY following the weakness in the EU and US markets was the dominant move in the FX markets Monday ahead of the BOJ press conference this morning. The YEN gained more than 1% vs all majors and further strength in the YEN may signal a short term reversal in the markets. ECB President Draghi speech at 8:00 am is the important news on the agenda Tuesday.
Swing trades follow up –
|Asset||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|Rolls Royce.uk||7.06||400||-460||17/1||6.6||Stopped out|