European markets traded lower with all major sectors and all bourses trading in negative territory. The terror in Spain and weakness in the US markets contributed to the overall bearish sentiment and all markets closed the trading week red and all major markets are now red for the month of August. The FTSE was Europe worst performing major market, losing 1.7% on the week and if flat YTD.
|1 Months||-0. 61%||-0.07%||-1.73%||-0.16%|
Forex & Commodities markets
The FX markets traded mostly sideways in another red day for the dollar, down vs all majors and with some investors betting on OIL which turned to be the best gainer on the day, up close to 3%, despite the fracking boom which now tops six million barrels per day. Metals closed the day flat and the CAD was the FX markets best performer, again on OIL strength and dollar weakness. There is no important news on the agenda Monday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|S&P 500||2430||3||3||18/8||2418||New position|