Daily Report December 11, 2017
European markets traded higher across the board led by banking stocks after US and EU regulators agreed on the Basel3 industry risk levels. All markets closed in the green and all major sectors closing in positive territory. Banking stocks closed the day more than two percent higher led by the financial sector. Deutsche Bank and BNP Paribas each closed the trading day more than three percent in the green.
Forex & Commodities markets:
The dollar index traded higher for the fifth day in a row yet closed well off its highs Friday signaling a potential trend reversal for the greenback after a week of gains. The NFP numbers came in line and had no impact on the markets. GOLD traded higher for the first time in a five day selloff while OIL continued its move north climbing to close above 57.5$ per barrel. There is no important news on the agenda Monday.
Swing trades follow up –
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