European Markets:    

European markets traded sharply higher following the approval of the US TAX reform over the weekend, boosting most major sectors and with all leading bourses closing in the green. The Autos sector rose 1.56% as investors expect the tax stimulus to translate to better numbers for the sector while the banks and construction stocks also closed higher on the day. On the other hand, technology stocks lagged the markets as ASML closed in the red despite the positive day

MarketsDAXCAC40FTSEEUSXX50
4.12.2017 1.53%1.36%0.53%1.38%
1 Month -3.12%-2.33%-2.93%-3.08%
1 Year22.22%17.82%8.78%17.15%

 

                                                                                 

                                                                                                 MARKET MOVERS  

Essilor.fr4.74%Nokia.fi-2.86%
DPost.de3.2%ASML.uk      -0.66%
Airbus.de     3%Rangold.de          -1.23%
Carnival.uk3.51%Fresnillo.uk-2.68%
Sky.uk2.8%  

 

 Forex & Commodities markets:  

The dollar index traded higher following the approval of the US TAX reform over the weekend sending the metals lower and reversing the trend again for the index. OIL also reversed from two year highs on profit taking to close at 57.5$ per barrel after trading above 59$ Friday. UK Services PMI at 9:30 am GMT is the important news on the agenda Tuesday morning.  

  

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
4.12.2017-0.01% 0.43%0.23%-0.26%-0.3%-1.5%
 Dollar IndexUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
  0.31%0.9%-0.16%-0.23%0.15%-0.17%-1.35%

 

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
GOLD1272401406/101270
AUDNZD10000.638029/110960
    
USDCAD26950.71704/122730New position
GOLD177725-401/121270
    
DAX1294532901/1212800
    
OPEN PROFIT  $910