Daily Report December 6, 2017
European markets traded lower with all major bourses and leading sectors in red territory. Basic resources was the worst performing sector falling 1.5% on weakness in metal prices while the retail sector was strong following an upgrade of British retailer Tesco by Goldman Sachs. EU markets are expected to open lower Wednesday on global markets retreat following US markets red close overnight.
Forex & Commodities markets:
The dollar index traded mostly sideways with light news on the agenda and looking at the busy news week ahead caped by US Non Farm Payrolls Friday afternoon. Metals were on the agenda falling on a stronger dollar and weak demand sending Silver lower by more than 1.5%. CAD Employment at 2 pm GMT and OIL inventories at 3:30 are the important news on the agenda Wednesday.
Swing trades follow up –
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