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:  

MarketsDAXCAC40FTSE
21.7.2017-1.66%-1.57%-0.47%
3 Months27.63%27.2%29.7%
1 Year10.68%6.8%14.74%

 

 

 

 

 

                                                                                  MARKET MOVERS  

Shire.uk1.86%VW.de-3.64%
NEXT.uk1.16%   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.   

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
21.7.20170.24%-0.82%-0.37% 0.41% 0.78%-2.6%
USDCHFAUDUSDAUDJPYUSDCADSilverCopper
-0.76%-0.5%-1.3%-0.44%0.76% 0.3%

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
DAX1223544221/712100New position
DAX124254-35017/712350Stopped out
EURNOK36160.5-10220/73500Stopped out
GBPCAD63720.5-7120/76390Stopped out
OIL46.63540521/746.8New position
EURCAD46350.5-2521/74660New position
   
JPN2251952310011793/319684
   
   
OPEN PROFIT  1675$