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$ |