EU markets traded mostly sideways and lower yet managed close the week higher, more than 1% for the week for the DAX and CAC indexes while the FTSE was flat for the second week of July, mostly on a higher sterling. The EUSXX600 close Friday lower 0.04%. The beginning of the earnings season will set the tone for the markets into the second half of July. There is no important news on the agenda Monday.
Earnings on the agenda Monday morning:
Forex & Commodities markets
The dollar index took another pounding day Friday, diving vs all majors on a weaker than expected retail sales and CPI numbers and closing the week down more than 2%. The MXN and Rand are at year highs vs the dollar while the AUD moved to two year highs on the dollar weakness. There is no important news on the agenda Monday.
Swing trades follow up –
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