Daily Report December 13, 2017
European markets traded higher with all leading bourses and major sector trading in positive territory. Technology and energy sectors led the markets higher. French digital security firm Gemalto.fr was up 34% on buyout news from consulting firm Atos. The chip maker saw its shares rise after a year of profit warnings and declining sales. Markets now braces for the array of Central bank news starting with the FOMC tonight.
Forex & Commodities markets:
The dollar index traded higher to close at two month highs ahead of the FOMC meeting tonight. Most pairs traded in narrow ranges as investors await the news tonight and brace for news out of major central banks tomorrow. OIL was under pressure reversing yesterday gains and awaiting the inventories number today. UK Earnings at 9:30 am, US CPI at 1:30 pm, OIL inventories at 3:30 pm and the FOMC Meeting at 6 pm are the important news on the agenda Wednesday.
Swing trades follow up –
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