European markets traded in the typical October fashion, narrow ranges and closing in the green. Most major sectors closed flat while the DAX did not trade on a German vacation day. Better than expected results from Ryanair sent the travel and leisure sector higher 1.1% and the Energy sector bucked the trend closing up on better than expected earnings from oil giant BP while banking stocks lagged the markets.
Forex & Commodities markets:
The dollar index was flat ahead of major news coming today and stretching till Friday. Metals reversed lower on stronger markets and a move from safe havens while OIL climbed to record highs for the year ahead of the inventories number today in the afternoon. UK manufacturing at 9:30 am then ADP Employment, OIL inventories and the FOMC statement in the afternoon are the important news on the agenda Wednesday.
Swing trades follow up –
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