European markets traded lower on profit taking, Catalan worries and a disappointing earnings batch from leaders across the continent. Food giant Uniliver disappointed with a weak earnings report that sent the stock to a 5.5% dive while WPP was 3% lower on a weak outlook following Q3 earnings report. All major sectors other than mining closed in the red led by food manufacturers and retail stocks.
Forex & Commodities markets:
The dollar closed the day near the flat line after a V-shape reversal late in the day on US markets strength that left the JPY a small winner on the day, which started with a sharp Yen move higher. Metals reversed on markets weakness early in the morning while OIL closed 1.3% lower on output concerns. CAD CPI and retail sales at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|