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:    

MarketsDAXCAC40FTSE
5.5.20170.55%1.12%0.68%
3 Months29.35%32.49%27.55%
1 Year14.39%12.15%12.53%
    

  

 

 

                                                                                  MARKET MOVERS  

Orange.fr2.74%AXA.fr-3.1%
SG.fr2.46%EON.de       -1.11%
Pearson.uk12.4%   
 RollsRoyce.uk 5.05%         
M&S.uk4.95%    

  

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.       

    

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
8.5.2017-0.2% 0.06%-0.43%-0.25%-0.7%4.04%
 USDCHFAUDUSDAUDJPYUSDCADSilverPLT
 0.3%-0.3%-0.24%0.04%0.9%1.11%

Swing trades follow up –

AssetEntry pricePositionOpen profitDate triggeredStop lossRemarks today
HSBC.uk6.2570027220/45.95 
EURCHF08500.7-24526/40875Stopped out
OIL49.50.6216028/445.9Stopped out WINNER
USDJPY112.290.73075/5112New position
GOLD1253255762/51242 
Agrekko.uk10.740010903/8/169 
DPost.de32.145004433/532.93Stopped out
JPN2251952310011393/319684 
       
       
OPEN PROFIT  3345$