The dollar index traded mostly higher after the better than expected NFP numbers, sending global markets higher as investors shrug off the S China traded disputes and put money to work for the first day of June. FX markets traded in narrow ranges on dollar strength, while commodities lost ground with Gold trading at bellow the 1300$ level, a drop of 10$ on the NFP news. Most Asian markets traded higher to open the trading week on a positive note and the move most likely will carry into the EU session. Oil was the loser on the day Friday, closing at bellow 66$ per barrel on US oversupply fears and OPEC unclear future supply control actions.
UK Construction PMI at 9:30 am is the important news on the agenda Monday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|