European markets traded lower across the board and closed the trading week in the red. All leading bourses and leading sectors other than media stocks and retail closed in the red. Vivendi and SKY were the only big gainers Friday while investors shun away from all other sectors ahead of the US tax bill reforms coming up this week.
Forex & Commodities markets:
The dollar index traded sideways for most of the trading day, with most FX markets moving sideways. OIL and Gold have been the best movers on the day, OIL was higher ahead of the OPEC meetings later this week and gold was higher on dollar weakness and US tax reforms delays. ECB President Dragi speech at 2 pm is the important news on the agenda Friday.
Swing trades follow up –
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