European Markets   

EU markets traded sharply lower on US political concerns, all major sectors closed deep in the red led by banking and autos stocks. The EUSXX600 closed the day down 1.2%. All major European banks closed more than 2.5% lower and Fiat took a 5% dive following another diesel gate investigation, this time by the European Union. UK retail sales and ECB President Draghi speech at 3 pm are the important news on the agenda Thursday. 

Earnings on the agenda Thursday morning:  —

  

 

Markets DAX CAC40 FTSE
17.5.2017 -1.35% -1.63% -0.25%
3 Months 28.8% 30.38% 30.26%
1 Year 13.74% 10.04% 15.3%
       

  

 

                                                                                  MARKET MOVERS  

  Fresnillo.de 2.75% Deutsche Bank.uk -3.5%
Rangold.uk 2.05% BNP Paribas.uk        -3.12%
    Societe General.fr -2.77%
    Fiat.it -5.07%
    Ashtead.uk -3.82%

  

Forex & Commodities markets

FX markets responded to the US political turmoil sending the Yen higher vs all majors while metals continued to strengthen across the board. OIL inventories had little impact on prices this week and the dollar index is now at 6 months lows. UK retail sales and ECB President Draghi speech at 3 pm are the important news on the agenda Thursday.  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
17.5.2017  0.27%  -1.57% -1.06% 0.53%  1.63% 0.47%
  USDCHF AUDUSD AUDJPY USDCAD Silver PLT
  -0.61% 0.04% -1.54% 0.05% 1%  0.95%

Swing trades follow up –

Asset Entry price Position Open profit Date triggered Stop loss Remarks today
HSBC.uk 6.25 700 453 20/4 5.95  
CAC40 5441 5 892 8/5 5480    
USDCHF 0004 0.7 1450 15/5 9825 SL changed
USDDKK 7948 1 1810 15/5 6930  SL changed
DAX 12799 4 1107 15/5 12800 SL changed
Agrekko.uk 10.7 400 1088 3/8/16 9  
AXA.fr 24.81 400 455 8/5 25.2  
JPN225 19523 100 1156 3/3 19684  
Silver 16.76 500 53 16/5 16.48  
NASDAQ 5634 6 234 17/5 5646 New position
OPEN PROFIT     8580$