Daily Report December 8, 2017
European markets traded sideways most of the trading day to manage a positive close while the FTSE close lower on sterling strength late in the day. Most major leading sectors traded near the flat line while Telecoms closed higher by 1.3% on news that Orange will increase investment spending to grow its customer base and banks had a positive day led by Deutsche Bank, up 1.6% on the day.
Forex & Commodities markets:
The dollar index traded higher for the fourth day in a row, sending metals lower and leading higher vs FX markets other than the sterling. GOLD traded under 250$ per ounce for the first time in four months while OIL rebounded from yesterday selloff to close above 56.5$ per barrel. UK manufacturing at 9:30 am GMT and NFP numbers at 1:30 pm are the important news on the agenda Friday.
Swing trades follow up –
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