European markets traded lower opening the week on a negative note following another N. Korea setback over the weekend. All major bourses and leading sectors other than Autos and miners traded in the red, Gemalto.de was the biggest loser on the day after three downgrades on the stock on a weak outlook and disappointing sales. All major banks closed lower on the day, Societe General.fr led the way closing 1.2% lower.
|1 Year||13.32 %||12.41%||7.53%||11.5%|
Forex & Commodities markets
The FX markets didn’t react much to the renewed N/. Korean tension over the weekend, the dollar index was flat on the day with no major movements from any pair. Volumes were low with the US markets closed for the Labor Day weekend. Metals moved higher and Gold traded at 12 month highs of 1340$ per ounce before closing at 1335$. UK services PMI at 9:30 AM is the important news on the agenda Tuesday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|