European markets traded in narrow ranges yet managed another positive close as most major sectors traded in positive territory. German markets were closed for a national holiday and all EU markets other then the Spanish markets closed in the green. Basic resources and Industrials were the leading sectors while health care stocks lagged the markets.
Forex & Commodities markets
The dollar index was flat as most majors traded in narrow ranges ahead of the big news day today and heading into non-farm payrolls numbers Friday. Metals traded sideways as well and OIL was lower ahead of the inventories number today. UK services PMI at 9:30 am, ADP non-farm employment, OIL inventories and two very important speeches, one from Fed chairman Yellen and another from ECB president Draghi are the important news on the agenda Wednesday.
Swing trades follow up –
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