European markets traded lower across the board opening the trading week on a negative note. Most leading sectors closed in the red led by weakness in banking stocks, technology and miners Energy stocks joined late in the day the downward move on OIL weakness and the markets had zero positive triggers to reverse back to green. Swiss banks and UK miners were the leading individual stocks lower.
Forex & Commodities markets:
The dollar index traded sideways as FX markets opened the week on a flat note. With no news on the agenda and light trading volumes the markets drifted sideways most of the trading day. OIL took a two percent dive coming from two year highs and investors took profits of the table ahead of OPEC meetings due to start Wednesday. BOE Governor Carney speech at 7:30 am and US Consumer confidence at 3 pm are the important news on the agenda Tuesday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|