European Markets    

European markets traded sharply lower on Friday, closing the worst week of the year down an average 2.5% – making it the worst week for 2017. The geopolitical N. Korea tension, weak earnings and zero positive triggers sent all markets lower. All major sectors led by OIL and gas and Basic resources closed in the red, the Basic resources sector was down 2.7% on the day. The EU markets now trade at 5 month lows, well below the French Election gap in April.

Markets DAX CAC40 FTSE EUSXX600
11.8.2017 -0.01% -1.06% -1.08%  -1.01%
1 Months -2.53% -1.35% 0.06% -1.28%
1 Year 16.55% 14.66% 9.21% 14.35%

                                                                                  

                                                                                                 MARKET MOVERS  

Fresenius.de 1.67% Total.fr -1.81%
EON.de 1.52% SG.fr       -1.65%
Bayer.de  1.01% AXA.fr -1.62%
 Smurfit.uk 1.74% Rio Tinto.uk -3.15%
      Anglo American.uk -3.05%

 

Forex & Commodities markets  

The FX markets traded mostly sideways despite the Korean geopolitical tension, with the dollar index lower on the day and the Euro moving higher vs all majors. Metals were positive the fourth day in a row this week, Gold gained 35$ and is closing again on the 1300$ level reached 10 weeks ago, after a 2% gain on the week. There is no important news on the agenda Monday.      

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
11.8.2017  0.33% -0.16%  0.3%  0.46% 0.47%  0.33%
USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.14%   0.28%  0.13% -0.46% 0.21%   0.55%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
GBPUSD/short 3131 0.7 805 3/8 3033 Stopped out
EURGBP/short 9058 0.7 -180 10/8 9077 Stopped out
DAX 11993 4 -13 11/8 1100
NASDAQ 5867 5 10 14/8 New position
OIL 48.77 5 20 14/8 49 New position
     
JPN225 19523 100 1179 3/3 19684
     
     
OPEN PROFIT     1130$