European markets traded mostly sideways closing the day near the flat line. The Autos sector dragged the DAX lower after new emission test regulations were adopted by the EU, sending the sector down more than a percent. French bank Credit Agricole took a 3% dive on weak earnings while on the positive side M&S was up after a better than expected earnings report and growth prospects overseas.
Forex & Commodities markets:
The dollar index and most FX markets were flat Wednesday, metals reversed once again to close in the green while OIL closed off highs following the inventories report. Weakness in the sterling was the most dominant move for the FX markets while all other majors lacked any trend or momentum. US Unemployment at 3 pm is the important news on the agenda Thursday.
Swing trades follow up –
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