Daily Report December 28, 2017
European markets traded mostly sideways opening the week on a very flat note with no news on the agenda and very little overall participation. Miners and Basic resources stocks had a strong day on metals strength and it was the only major sector that has a substantial move on an otherwise narrow range trading day.
Forex & Commodities markets:
The dollar traded lower in a low volume trading day however the commodities markets soared on Gold and Silver strength, both trading sharply higher despite the holiday low volumes and with basically zero news on the agenda. Gold managed the 12-th day in a row in the green and is trading at 1290$, just one percent below the 1300$ per ounce level, last reached three month ago. OIL reversed from the 60$ level ahead of the inventories number today. US Unemployment at 1:30 and OIL inventories at 4 pm are the important news on the agenda Thursday.
Swing trades follow up –
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