Daily Report December 27, 2017
European markets were closed for the Christmas holiday and the FTSE was the only major market that traded yesterday. NEXT was the big mover trading 4% higher on better than expected holiday sales and busting the retail sector while all other sectors traded sideways in a narrow range low volume trading day.
Forex & Commodities markets:
The dollar index traded lower in a low volume trading day and most FX pairs traded in narrow ranges on a no news agenda. OIL traded sharply higher on supply concerns following a Libyan crude pipeline explosion trading above 60$ per barrel for the first time in two years while Gold traded more than a percent higher and above 1280$ per ounce on a weaker dollar and positive Asian sentiment.
US Consumer Confidence at 3 pm is the important news on the agenda Wednesday.
Swing trades follow up –
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