European markets traded in narrow ranges opening the week on a flat note, all major sectors other than basic resources and health care traded flat while utilities lagged. The DAX traded again over the 13,000 level yet did not managed to close above it while the FTSE closed lower on the day. Spain markets was again the weakest EU market after yet another setback in the Catalan crisis, closing lower 0.8% on the day.
Forex & Commodities markets:
The dollar index was higher across the board Monday, sending metals sharply lower and following the trend set after the CPI number released Friday. Gold traded under 1920$ per ounce while all other metals sold heavily. The sterling will be in focus Tuesday – UK CPI and BOE Carney speech are the important news on the agenda Tuesday morning.
Swing trades follow up –
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