European markets higher with most major leading sectors and all bourses closing in positive territory and the DAX closed above 13,000 levels for the first time ever. Better than expected earnings and positive global sentiment helped move the markets after more than two weeks of sideways trading. Banking and Autos stocks led the markets higher on strength in BNP Paribas, VW and Daimler.
Forex & Commodities markets:
The dollar index was flat Wednesday leading to a low volume light action trading day. The JPY was the big mover in the FX markets losing one percent as investors moved money to alternate investments and the YEN lost ground vs all majors. The OIL report did nothing to move the oil markets that closed flat yesterday. UK retail sales at 9:30 am and US Unemployment at 2:30 pm are the important news on the agenda Thursday.
Swing trades follow up –
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