European Markets:  

FRENCH ELECTION DAY

EU markets rallied to yearly highs on the French Election results. The EUSXX600 closed the day up 2.1%, and closed at record highs since December 2015. French banks stocks led the rally gapping up on the positive election news, BNP Paribas and Societe General had their best day since the Brexit. There is no the important news on the agenda Tuesday morning.

Earnings on the agenda Tuesday morning:  Safran.fr, Whitbread.uk.

Markets DAX CAC40 FTSE
24.4.2017 3.37% 4.14% 2.11%
3 Months 27.25% 29.41% 27.09%
1 Year 12.21% 10.07% 12.08%
       

 

 

                                                                                  MARKET MOVERS  

Societe General.fr 9.86% Rangold.uk -1.41%
BNP Paribas.fr 7.52%    
Deutsche Bank.de 9.16%    
 Vinci.fr 7.05%       
  CRH.uk 5.35%      

  

Forex & Commodities markets

FX markets reacted to the French election results sending the Euro sharply higher vs all majors. The Euro had its best move in 2017 while all other majors traded in narrow ranges. Gold lost 1% on the news and was the big loser in the commodities markets on the day. There is no the important news on the agenda Tuesday morning.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
24.4.2017 -0.18%  0.54% 1.87% 1.3% -0.9% -0.81%
  USDCHF AUDUSD AUDJPY USDCAD Silver PLT
  -0.03%  0.3% 0.85% 0.05% 0.27% -1.39%

Swing trades follow up –

Asset Entry price Position Open profit Date triggered Stop loss Remarks today
HSBC.uk 6.25 700 98 20/4 5.95  
CADJPY 81.85 0.7 -558 23/4 80.89 Stopped out
Silver 17.4 200 85 17/3 17.3  
Deutsche Bank.de 16.56 700 228 24/4 16.25 New position
Burberry.uk 15.97 500 -160 19/4 16.4 Stopped out
Agrekko.uk 10.7 400 1105 3/8 9.41  
Societe General.fr 50.32 400 230 24/4 49.7 New position
JPN225 19523 100 1167 3/3 19684  
DAX 12326 4 90 31/3 12381 Stopped out
OIL 49.7 0.5 55 14/4 50.1 New position
OPEN PROFIT     3143$