European markets traded mostly sideways and closed in the red following the worst than expected US employment numbers and the political chaos in Spain. The FTSE was green on sterling weakness yet most leading sectors other than Autos closed in the red. Heading into the earnings season than starts this week most markets seem poised for another leg up, financial stocks will lead the way for the earnings season this week.
Forex & Commodities markets
The dollar index was closed the week red on the worst than expected NFP employment numbers Friday afternoon. The dollar was lower vs most majors other than the sterling and metals reversed course after a week-long drift lower. OIL dropped three percent on feared higher than expected US outputs and the upcoming storms in the US south. There is no major important news on the agenda Monday.
Swing trades follow up –
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