European Markets    

EU markets traded lower across the board led by the weakness in the UK markets. All major bourses and most major sectors closed in the red on a UK survey pointing to deteriorating business sentiment following the Brexit decision. Autos sector outperformed the markets and were the only major sector in the green. The EUSXX600 index closed lower 0.65%. UK Earnings index at 9:30, BOC rate statement at 3 pm and OIL inventories are the important news on the agenda Wednesday.

Earnings on the agenda Wednesday morning:  

      

Markets DAX CAC40 FTSE
11.7.2017 -0.07% -0.48% -0.55%
3 Months 29.2% 27.61% 28.02%
1 Year 12.25% 7.21% 13.06%

 

 

                                                                                  MARKET MOVERS  

BMW.de 1.7% Danone.fr -1.75%
Daimler.de 1.25% SG.fr       -1.13%
  VW.de 1.08% SAP.de -1.07%
Fresnillo.uk 1.19% ABFood.uk -4.1%
Rio Tinto.uk    0.8%      Burberry.uk -2.47%

 

 

Forex & Commodities markets

The FX markets moved sideways most of the trading day on very little news and typical summer time low volume price action. The JPY was lower vs most majors while the TRY spiked lower on the political instability in Turkey making it the best mover on the day. UK Earnings index at 9:30, BOC rate statement at 3 pm and OIL inventories are the important news on the agenda Wednesday.  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
11.7.2017 -0.22% -0.16% 0.47% 0.61% 0.25% 1.58%
USDCHF AUDUSD AUDJPY USDCAD Silver Copper
-0.23% 0.38% 0.23% 0.23% 1.16% 0.98%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
OIL 44.56 5 -250 10/7 45.1 Stopped out
GOLD 1252 30 952 26/6 1220   Stopped out
GBPUSD 2895 0.7 -260 10/7 2922 Stopped out
EUSXX50 3465 6 -46 4/7 3500
AUDCAD 9840 0.7 0 4/7 9840 Stopped out
Agrekko.uk 10.7 400 1166 3/8/16 9
AXA.fr 24.81 400 -100 8/5 25.2
JPN225 19523 100 1179 3/3 19684
NASDAQ 5687 7 56 10/7 5670 Stopped out
     
OPEN PROFIT     2170$