European markets traded mostly sideways on very little volumes and in narrow ranges following an array of global events, starting in the morning with the results of the German Election and later dealing with the crisis in N. Korea. Banks and miners were the worst performing sector on the day while all other major sectors traded mostly flat.
Forex & Commodities markets
The dollar index was higher following the N. Korean crisis and the selloff in the US markets. Gold and metals moved higher as well as the Yen while the Euro took a sharp turn lower. OIL was the big winner in the markets Monday, closing above 51$ for the first time in 4 months, following another global crisis this time the threat is to Kurdish OIL production from Turkey. US Consumer Confidence and Fed Chairman Yellen speech are the important news on the agenda Tuesday afternoon.
Swing trades follow up –
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