European Markets   

The EU markets closed lower for the second day in a row. The FTSE dropped 1.5% on Teresa May’s Brexit speech sending the sterling higher and stopping a 3 week rally in the UK equity markets. Investors fear the economical consequences and lower UK growth. Lufthansa was the top DAX performer on merger speculation with Etihad Airways.  UK employment numbers in the morning is the important news on the agenda Wednesday.   

Earnings on the agenda Wednesday morning: Burberry.uk, JDW.uk.
Markets CAC40 DAX FTSE
17/1/2017 -0.46% -0.13% -1.46%
3 months 0.58% 20.8% 5.83%
1 YEAR 1.13% 3.65% 10.82%

 

MAJOR MOVERS

    Luthansa.de 4.28%   Societe General.fr -0.94%
 Rolls Royce.uk 4.44% BNP Paribas.fr   -1.06%
EasyJet.uk 3.4% BATS.uk -3.83%
    Wolseley.uk -3.17%
    Intertek.uk -3.2%

 

Forex & Commodities markets

The aftermath of UK prime minister May speech turned the table for the sterling sending it close to 3% higher vs the dollar in the best move since the 90es. All majors gained vs the dollar on remarks from US president Trump in the Wall Street Journal that the dollar is too strong to compete with China. UK employment numbers in the morning is the important news on the agenda Wednesday.   

Market GOLD EURUSD EURJPY USDJPY GBPUSD OIL
17/1/2017 1.45% 0.93% -0.21% -1.1% 2.81% 0.97%
  Silver USDCAD AUDJPY AUDUSD USDCHF PLT
  2.3%  -0.9% -0.11% 0.99% -0.96% 0.75%

 

Swing trades follow up:
ASSET Entry price Position Open profit Date triggered Stop loss Remarks today

 

Intertek.uk 34.04 400 202 22/11 33.6  
Rolls Royce.uk  7.06 800 -120 16/11 6.6 New position
UK100 6960 6 1630 14/11 7091  Stopped out
             
             
Agrekko.uk 10.7 400  281 3/8 10.7  
Lufhansa.de 11.81 600 130- 9/1 12.01  Stopped out
             
OPEN PROFIT     333$