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:    

Markets DAX CAC40 FTSE
5.5.2017 0.55% 1.12% 0.68%
3 Months 29.35% 32.49% 27.55%
1 Year 14.39% 12.15% 12.53%
       

  

 

 

                                                                                  MARKET MOVERS  

Orange.fr 2.74% AXA.fr -3.1%
SG.fr 2.46% EON.de        -1.11%
Pearson.uk 12.4%     
 RollsRoyce.uk  5.05%           
M&S.uk 4.95%      

  

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.       

    

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
8.5.2017 -0.2%  0.06% -0.43% -0.25% -0.7% 4.04%
  USDCHF AUDUSD AUDJPY USDCAD Silver PLT
  0.3% -0.3% -0.24% 0.04% 0.9% 1.11%

Swing trades follow up –

Asset Entry price Position Open profit Date triggered Stop loss Remarks today
HSBC.uk 6.25 700 272 20/4 5.95  
EURCHF 0850 0.7 -245 26/4 0875 Stopped out
OIL 49.5 0.6 2160 28/4 45.9 Stopped out WINNER
USDJPY 112.29 0.7 307 5/5 112 New position
GOLD 1253 25 576 2/5 1242  
Agrekko.uk 10.7 400 1090 3/8/16 9  
DPost.de 32.14 500 443 3/5 32.93 Stopped out
JPN225 19523 100 1139 3/3 19684  
             
             
OPEN PROFIT     3345$