European Markets – French Elections
EU markets traded higher to new highs closing the trading week with respectable gains. The CAC40 was up 3% for the week while the DAX jumped 2.15%. The EUSXX600 closed the day up 0.65% and the week up 1.72%. The Basic resources sector was the best performer Friday while all other major sectors traded in positive territory. On the earnings front Pearson.uk was up 12% on a better than expected earnings report. There is no important news on the agenda Monday morning.
Earnings on the agenda Monday morning:
Forex & Commodities markets – French elections
FX markets didn’t see big moves following the expected French election results. OIL and Metals rebounded sharply following last week loses while in the FX markets the euro reversed after gapping up over the weekend on the positive election results. There is no important news on the agenda Monday morning.
Swing trades follow up –
|Asset||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|OIL||49.5||0.6||2160||28/4||45.9||Stopped out WINNER|