European Markets:  

EU markets closed sharply lower after UK PM Teresa May surprised the markets with a snap election call on June 8. The FTSE responded with a sharp selloff moving lower 2.5% and sending all sectors deep into red territory. The EUSXX600 closed the day down 1.1%. Oil inventories at 3:30 pm is the important news on the agenda Wednesday afternoon.

Earnings on the agenda Wednesday morning: Burberry.uk, Bunzl.uk, Accor.fr, Danone.fr, Publicis.fr.

 

Markets DAX CAC40 FTSE
18.4.2017 -0.9% -1.59%  -2.46%
3 Months 23.48% 23.89% 25.44%
1 Year 8.44% 4.55% 10.43%
       

  

                                                                                  MARKET MOVERS  

M&S.uk 1.93% Airbus.de -2.52%
Persimmon.uk 0.95% Sanofi.fr -2.4%
 VW.de  4.42% BNP Paribas.fr   -1.68%  
    Anglo American.uk    -5.13%
       BHP Billiton.uk  -5.59%

 

Forex & Commodities markets

FX markets responded with a sharp sterling up move vs all majors to the surprise call for a UK election on June 8. The sterling move was the strongest vs the dollar this year moving the pair back to September 2016 levels, sending the sterling short sellers to cover their positions. Oil inventories at 3:30 pm is the important news on the agenda Wednesday afternoon.   

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
13.4.2017 2.26% -0.4% 0.38% 0.82% 0.09% -0.2%
  USDCHF AUDUSD AUDJPY USDCAD Silver PLT
  -0.81%  -0.4% -0.8%  0.46% -1% -1.19%

Swing trades follow up –

Asset Entry price Position Open profit Date triggered Stop loss Remarks today
Veolia.fr 17.38 500 -282 31/3 16.85 Stopped out
Fiat.it 9.6 500 267 4/4 10.05  
Silver 17.4 200 165 17/3 17.3  
EURJPY 116.22 0.8 196 18/3 115.89 New position
GOLD 1252 35 997 7/4 1280 Stopped out
Agrekko.uk 10.7 400 1046 3/8 9.41  
Peugeot.fr 18.87 500 760 31/3 19.2  
JPN225 19523 100 1182 3/3 19684  
DAX 12326 4 1409 31/3 12381  
Rio Tinto.uk 31.31 400 607 13/4 31.38  
OPEN PROFIT     5885$