European markets traded mostly sideways in narrow ranges however the Spanish markets opened the week brushing off the Catalan crisis and closing up 2.5% with banks and retail stocks leading the IBEX sharply higher. Overall EU markets traded again near all time highs and Autos staged another strong day while banks lagged. The UK markets closed lower on a stronger sterling while the DAX was flat on the day.
Forex & Commodities markets:
The dollar index opened the week lower sending metals higher from three week lows while all majors gained vs the dollar, led by the JPY who was strong across the board ahead of the BOJ meeting tonight. OIL managed another green day and closed at 12 month highs. CAD GDP is the important news on the agenda Tuesday at 1:30 pm GMT.
Swing trades follow up –
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