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:  —

  

 

MarketsDAXCAC40FTSE
17.5.2017-1.35%-1.63%-0.25%
3 Months28.8%30.38%30.26%
1 Year13.74%10.04%15.3%
    

  

 

                                                                                  MARKET MOVERS  

  Fresnillo.de2.75%Deutsche Bank.uk-3.5%
Rangold.uk2.05%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.  

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
17.5.2017 0.27% -1.57%-1.06%0.53% 1.63%0.47%
 USDCHFAUDUSDAUDJPYUSDCADSilverPLT
 -0.61%0.04%-1.54%0.05%1% 0.95%

Swing trades follow up –

AssetEntry pricePositionOpen profitDate triggeredStop lossRemarks today
HSBC.uk6.2570045320/45.95 
CAC40544158928/55480   
USDCHF00040.7145015/59825SL changed
USDDKK79481181015/56930 SL changed
DAX127994110715/512800SL changed
Agrekko.uk10.740010883/8/169 
AXA.fr24.814004558/525.2 
JPN2251952310011563/319684 
Silver16.765005316/516.48 
NASDAQ5634623417/55646New position
OPEN PROFIT  8580$