Daily Report December 12, 2017
European markets opened the trading week on a mixed mode, the FTSE closed higher on strength in miners and weakness in the sterling while all other EU markets traded near the flat line with no news on the agenda and very little momentum or leadership in the major sectors that could have made a difference.
Forex & Commodities markets:
The dollar index traded mostly sideways and the markets had little change ahead of the big news coming down the week, the FOMC meeting Wednesday night and BOE and ECB rate decisions on Thursday. OIL moved higher on geopolitical concerns while the metals markets continued to be weak despite the dollar moving mostly sideways. UK CPI at 9:30 am and US PPI at 1:30 pm are the important news on the agenda Tuesday.
Swing trades follow up –
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