European Markets:  

EU markets traded higher following the strong close in the US after the FOMC meeting Wednesday night. The EUSXX600 index closed higher 0.7%. Basic resources stocks soared over 3.5% and banks at new highs were the reason behind the strong close in the markets Thursday, while Autos and retail stocks underperformed the markets. The FTSE closed the session at a record high 7420. BOE quarterly bulletin at noon and G20 meeting are the important news on the agenda Friday.

 

Earnings on the agenda Friday morning:  

 

Markets DAX CAC40 FTSE
16.3.2017 0.61% 0.56% 0.64%
3 Months 24.08% 24.13% 29.05%
1 Year 9.06% 4.79% 14.04 %

  

 

                                                                                  MARKET MOVERS  

Deutsche Post.de 2.54% Hikma.uk   -4.66%
Lufhansa.de 5.2% Renault.fr -3.5%
Anglo American.uk 8.62%      
  Fresnillo.uk   3.92%    
 Antofagasta.uk   4.65%           

  

Forex & Commodities markets

The FX markets moved mostly sideways after the counter dollar price action yesterday following the FOMC meeting. The sterling rallied after the BOE decision to hold rates while all other pairs traded sideways most of the day. Metals were the best movers on the day as Gold closed above 1225$ per ounce. BOE quarterly bulletin at noon and G20 meeting are the important news on the agenda Friday.     

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
16.3.2017 0.48% -0.1% 0.24% 0.32% 2.14% -0.1%
USDCHF AUDUSD AUDJPY USDCAD Silver PLT
-0.42% -0.5% -0.55% 0.35% 2.26% 2.4%

Swing trades follow up –

Asset Entry price Position Open profit Date triggered Stop loss Remarks today
GBPUSD 2280 0.5 406 16/3 2331 New position
Tui.de 13.69 500 306 15/2 13.91
UK100 7375 4 211 15/3 7350
Gold 1200 25 660 10/3 1220 SL changed
Aviva.uk 5.44 600 -53 9/3 5.25  
Agrekko.uk 10.7 400 770 3/8 9.41
USDJPY 114.39 0.5 502 15/3 114
JPN225 19523 100 128 3/3 19684
EasyJet.uk 9.79 600 -235 15/3 10.11 Stopped out
USDJPY 115.24 0.5 880 10/3 113.63
OPEN PROFIT     3747$