Daily Report December 7, 2017
European markets traded well of their lows after starting the day in the red then reversing to close near the flat line. Autos and banking stocks lagged the markets while technology stocks reversed yesterday trend to close in the green as well as retail and food and beverage stocks. VW was the Autos biggest decliner on the day falling more than 2.5% while Deutsche Bank closed lower to drag the banking sector to a one percent losing day.
Forex & Commodities markets:
The dollar index traded higher vs most majors leading to another weak day for metals and leaving investors with no major clues as to where the greenback is heading ahead of the NFP news tomorrow. OIL took a two percent dive following the inventories number and on excess supply worries. US Unemployment at 1:30 pm GMT and ECB President Draghi speech at 3 pm are the important news on the agenda Thursday.
Swing trades follow up –
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