European Markets    

European markets closed the trading day higher, trading mostly sideways on low volume and zero market charging news until late after the EU markets closed. Most major sectors closed in positive territory however the markets lacked any leadership or momentum. Basic Resources stocks led again the sectors while banking and Autos stocks lagged.  Paddy PWR stock took another 4% dive on disappointing earnings, the stock lost 10% over the last two trading days while Pandora lost 13% on lower than expected second quarter profits.

 

 

Markets DAX CAC40 FTSE EUSXX50
8.8.2017 0.28% 0.21% 0.14%  0.17%
1 Months -0.25% 1.7% 3% 1.46%
1 Year 18.83% 17.75% 12.32% 17.19%

 

 

                                                                                  MARKET MOVERS  

EON.de 1.69% Pandora.dk -13%
DPost.de 1.29% SG.fr       -0.5%
Allianz.de  0.97% Danone.fr -0.53%
 ABFood.uk 1.25% Paddy PWR.uk -4.11%
      InterHotels.uk -3.99%

  

Forex & Commodities markets  

The FX markets traded sideways most of the trading day then responded to the geopolitical North Korea tension sending the JPY sharply higher as the trading day came to a close. GOLD had a sea saw trading day moving from 2165$ to 1250$ and then back to 1265$ while the dollar index closed the day higher after a weak open. OIL Inventories is the important news on the agenda Wednesday afternoon.

    

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
8.8.2017  -0.38% -0.16%  -0.6%  -0.47% 0.6% -0.55%
USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.3%  -0.05%   -0.22% -0.06% 0.6%   0.14%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
EURUSD/short 1782 0.7 284 7/8 1800 SL changed
GBPUSD/short 3131 0.7 1050 3/8 3014 SL changed
USDJPY/long 110.48 0.7 -26 4/8 110.48 Stopped out
NZDUSD/short 7344 0.7 184 8/8 7370 New position
OIL/short 50 5 490 1/8 50.05
GOLD/short 1264 40 -30 4/8 1271 Stopped out
     
JPN225 19523 100 1179 3/3 19684
     
     
OPEN PROFIT     3170$