European Markets    

European markets traded higher ahead of the FOMC meeting minutes with all major bourses and leading sectors in positive territory, led by mining and Basic resources stocks. Better than expected earnings from British construction firm Balfour Beatty sent the shares up 6% to the top of the EU benchmark and lifted the sector 1.5%. The DAX gained for the third day in a row yet futures turned lower on Euro strength following the release of the FOMC meeting minutes.

    

MarketsDAXCAC40FTSEEUSXX600
16.8.20170.71%0.71%0.67%0.69%
1 Months-0.46%0.92%1.6%0.8%
1 Year18.62%16.93%10.89%16.43%

 

                                                                                 

                                                                                                 MARKET MOVERS  

Siemens.de2.09%DTelecom.de-0.51%
Safran.fr1.44%Adidas.de      -0.41%
   Anglo American.uk  3.62%AdmiralGroup.uk -6%
 Sage.uk3.07% Severn.uk -0.97%
Balfour Beatty.uk   6%     

 

Forex & Commodities markets  

The dollar index saw its worst day in more than a month following the FOMC meeting minutes dovish tone and worries in the ability of US President Trump to deliver on its promised reforms. The dollar lost ground vs all majors and metals reversed sharply on the greenback weakness. OIL has fallen on the Inventories number on a soaring US output that’s undermining any OPEC attempt to cut production levels. UK retail sales at 9:30 am are the important news on the agenda Thursday.   

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
16.8.20170.08%-0.48% -0.4%0.3% 0.9% -1.68%
USDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
-0.7%   1.22% 0.74%-0.73% 2.5%1.73%

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
EURUSD17400.7-23016/81770Stopped out
EURJPY129.160.7-1114/8129.15Stopped out
AUS20058055-15316/85654New position
DAX119934110011/81100
NASDAQ5867522014/85858
AUDUSD79400.7-1317/87900New position
   
JPN2251952310011793/319684Stopped out
   
   
OPEN PROFIT  1130$