European Markets    

EU markets traded higher across the board and closed the day with sharp gains following Fed Chairman Janet Yellen dovish remarks on the dollar. The EUSXX600 index closed higher 1.52%. All bourses and major sectors other than banks closed in the green led by Technology and Industrials. US PPI and the continuation of Fed Chairman Yellen testimony are the important news on the agenda Thursday afternoon.

Earnings on the agenda Thursday morning:  

      

Markets DAX CAC40 FTSE
12.7.2017 1.52% 1.59% 1.19%
3 Months 30.72% 29.2% 29.21%
1 Year 13.77% 8.8% 14.25%

 

 

                                                                                  MARKET MOVERS  

Sanofi.fr 3.12% Deutsche Bank.de -0.9%
Eon.de 2.72% MicroFocus.uk       -8.1%
  DPost.de 2.7%    
Antofagasta.uk 3.14%    
Burberry.uk    3.16%        

 

Forex & Commodities markets

The FX markets reacted to the surprisingly dovish remarks by FED Chairman Yellen sending the dollar sharply lower vs the commodities currencies and higher vs the Euro and CHF. The JPY gained more than 1% vs the euro on its biggest gain day in 4 weeks. OIL was higher during the morning session than turned lower after the release of the US Oil inventories to close in the red again. US PPI and the continuation of Fed Chairman Yellen testimony are the important news on the agenda Thursday afternoon.

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
12.7.2017 0.33% -0.6% -1% -0.41% 0.45% 0.8%
USDCHF AUDUSD AUDJPY USDCAD Silver Copper
0.14% 0.58% -0.05% -1.61% 1.11% 0.4%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 5725 10 735 12/7 5725 New position
USDMXN 17.8794 1 672 12/7 17.8794 New position
     
EUSXX50 3465 6 -246 4/7 3500 Stopped out
     
Agrekko.uk 10.7 400 1144 3/8/16 9
AXA.fr 24.81 400 -173 8/5 25.2
JPN225 19523 100 1179 3/3 19684
     
     
OPEN PROFIT     3520$