European markets traded sideways ignoring the Catalan crisis and closed the week on a flat note. Financials saved the day for the markets, up one percent on the day and offsetting weakness in Autos and mining sectors. Nokia was Fridays best performer while mining stocks turned sharply lower and food giant Uniliver completed an 8% dive over the last two trading day, the EUSXX50 closed the week lower 0.4%
Forex & Commodities markets:
- The dollar closed sharply higher Friday after the Senate approved the tax reforms proposed by president Trump. The dollar gained vs all majors and was higher near one percent vs emerging markets currencies and vs metals which saw a v-shape reversal on yesterdays price action. OIL was higher on tightening supplies over Kurdish Iraq geopolitical issues and solid demand. There is no important news on the agenda Monday.
Swing trades follow up –
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