European markets traded higher after a weak open and all major sectors other than banking closed in the green led by a jump in Autos, the best performing sector on the day. VW jumped more than 4% on news it will invest 23 billion in the VW brand in the next 4 years. The Autos sector was up 1.4% on the news. The positive sentiment faded into the close however all EU markets closed in the green despite the political turmoil in Germany.
Forex & Commodities markets:
The dollar index traded sharply higher sending metals lower and reversing again the trend in the FX markets, ahead of the long weekend vacation expected from Wednesday for the Thanksgiving weekend. Metals turned red into the close as both Platinum and Silver traded close to 3% lower. UK Inflation report hearings at 10 am is the important news on the agenda Tuesday.
Swing trades follow up –
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