Daily Report December 20, 2017.
European markets traded lower with most leading sectors closing in the red led by technology stocks which were subject to profit taking, on another Nasdaq rally to all time highs in the US markets. On the positive side airline and travel stocks closed up 0.8% on a positive Carnival earnings report. Banking stocks reversed yesterday gains to trade lower and drag the CAC40 and DAX to a negative close.
Forex & Commodities markets:
The dollar index traded mostly sideways with very little news on the agenda and investors awaiting the approval of the republican tax bill. The Euro turned to be the winner in the FX markets Monday, gaining vs all majors and closing above 133.8 EURJPY level while Metals and OIL traded sideways on very little volume and zero news. BOE Governor Carney speech at 1:15 pm and OIL inventories at 3:30 pm are the important news on the agenda Wednesday.
Swing trades follow up –
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