European markets traded lower across the board for the second day in a row, with all leading markets and major sectors other than banking and retail closing in the red. Deutsche Bank and Adidas closed up more than 3% to save the day for the DAX who now lost more than 400 point off its 13,540 highs four days ago. With earnings season closing this week EU markets are looking more likely to see more profit taking from near all time levels than continue the trend to the upside.
Forex & Commodities markets:
The dollar index traded higher Friday, closing the week on a flat note and leaving investors with an unclear and undeceive trend for the last 14 trading days. Gold turned lower to close the week also on a flat note, above 1275$ per ounce yet well off the 1288$ per ounce highs reached Wednesday. There is no important news on the agenda Monday.
Swing trades follow up –
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