European Markets    

European markets closed lower with all major sectors and all leading bourses closing the trading day in the red. Basic resources stocks led the UK markets lower on Rio Tinto earnings miss while disappointing results from Societe General had a negative impact on the European financial sector. The banking giant dropped 4% on the day. Strength in the Euro also was a negative for the markets Wednesday.

 

Markets DAX CAC40 FTSE EUSXX50
2.8.2017 -0.57% -0.39% -0.16% -0.43%
1 Months -1.16% -0.26% 1.35% 0.43%
1 Year 17.82% 15.79% 10.67% 16.16%

 

 

                                                                                  MARKET MOVERS  

DPost.de 1.14% Societe General.fr -4.01%
OLD Mutual.uk 2.84% Fresenius.de       -3.5%
ITV.uk 2.51% Safran.fr -1.77%
    Rolls Royce.uk -2.83%
     Rio Tinto.uk -3.68%

  

Forex & Commodities markets

The FX markets moved mostly sideways ahead of the BOE decision rate today and NFP important number tomorrow. The CHF was again a loser on the day, lower five out of the last six trading days vs the Euro and losing 6.5% over the period.  Metals moved mostly sideways, Gold was lower ahead of the big news day tomorrow. UK services PMI at 9:30 am and BOE interest rate decision at noon are the important news on the agenda Thursday.

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
2.8.2017 0.17%  0.22%  0.67%  0.46% -0.44% 0.87%
USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 0.46%  0.01%  0.23% 0.21% -0.83%   0.14%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
EURCHF/long 1380 0.7 818 31/7 1350 SL changed
     
     
DAX/short 12238 3 215 2/8 12300 New position
OIL/short 50 5 290 1/8 50.05 SL changed
     
     
JPN225 19523 100 1179 3/3 19684
     
     
OPEN PROFIT     2500$