European markets traded higher after better than expected earnings from VW, up more than 7% over the last two sessions, boosted the Autos sector across the continent. Most major sectors and bourses closed in the green led by the DAX who overcame the German political turmoil to stage a strong upside day despite weakness in banking stocks. Markets are expected to continue their positive sentiment following the US record close last night.
Forex & Commodities markets:
The dollar index traded sideways ahead of the FOMC meeting minutes later in the afternoon today. Most FX pairs traded in narrow ranges while the Metals markets reversed some of yesterday losses.OIL was higher late in the session ahead of OPEC meeting and the inventories number today. UK Forecast Statement at 12:30 pm, OIL inventories and FOMC meeting minutes are the important news on the agenda Wednesday.
Swing trades follow up –
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