European Markets    

EU markets traded sharply lower with all major bourses and leading sectors deep in negative territory. Autos stocks led the selloff down more than 3% on weaker than expected earnings, Basic materials and construction stocks also closed deep in the red. The EUSXX600 closed lower 1.02%. The day was the worst for the DAX in 2017 and marked a 700 points move lower in the index over the last 5 weeks. Flash EU manufacturing is the important news on the agenda Monday morning. 

Earnings on the agenda Monday morning:  

Markets DAX CAC40 FTSE
21.7.2017 -1.66% -1.57% -0.47%
3 Months 27.63% 27.2% 29.7%
1 Year 10.68% 6.8% 14.74%

 

 

 

 

 

                                                                                  MARKET MOVERS  

Shire.uk 1.86% VW.de -3.64%
NEXT.uk 1.16%    BMW.de       -2.61%
    Schneider Electric.fr -3.1%
    SAP.de -2.45%
    Smiths Group.uk -2.5%

  

Forex & Commodities markets

The dollar weakness was again the big news for the FX markets as the greenback moved lower vs all major and closed above 1.1650, just 50 pips from 24 month lows vs the Euro. OIL was the big loser on the day, after another failed attempt by OPEC to control rising outputs.  Flash EU manufacturing is the important news on the agenda Monday morning.   

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
21.7.2017 0.24% -0.82% -0.37%  0.41%  0.78% -2.6%
USDCHF AUDUSD AUDJPY USDCAD Silver Copper
-0.76% -0.5% -1.3% -0.44% 0.76%  0.3%

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
DAX 12235 4 42 21/7 12100 New position
DAX 12425 4 -350 17/7 12350 Stopped out
EURNOK 3616 0.5 -102 20/7 3500 Stopped out
GBPCAD 6372 0.5 -71 20/7 6390 Stopped out
OIL 46.63 5 405 21/7 46.8 New position
EURCAD 4635 0.5 -25 21/7 4660 New position
     
JPN225 19523 100 1179 3/3 19684
     
     
OPEN PROFIT     1675$