European Markets    

European markets traded higher ignoring the NPF numbers and putting the N. Korean crisis behind, with all bourses and all major sectors closed in the green led by and Media stocks and a better than expected earnings result from Volvo, up more than 7% on the day. UK markets lagged on a stronger sterling as the Brexit negotiations process is moving ahead slower than expected.


1 Month-1.26%1.54%-0.97%-1.81%
1 Year13.65 %12.79%7.89%11.82%


                                                                                                 MARKET MOVERS    5.21%Inditex.sp-3.6%      -1.4%


 Forex & Commodities markets  

The dollar reacted to the NFP disappointing number, first selling off vs all majors then reversing sharply to close positive vs the Euro and Yen. Overall the dollar index lost vs commodities currencies and emerging markets and gained vs the Euro, coming up from 2.5 year lows. The metals markets had a positive reaction to the NFP number, up an average 1%. UK construction PMI at 9:30 AM is the important news on the agenda Monday – US markets are closed Monday for the Labor Day weekend.  

 1.9.2017  0.19%0.25%-0.13%-0.35%0.59%0.11%
0.65% 0.3%0.54% -0.75% 1.24%1.2%


Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
USDNOK78840.7-22231/8800Stopped out
USDJPY110.110.7-581/9110.5Stopped out