European Markets:    

European markets traded higher behind a rally in the DAX that now stands at all time highs, at the 13,500 level. Better than expected sales results and an upgrade sent VW up 4.8% and all major car manufacturers followed closing sharply higher. China upbeat data was behind the move up in miners while retail stocks lagged after NEXT took a 9% dive on a disappointing sales outlook.  

MarketsDAXCAC40FTSEEUSXX50
 1.11.20171.76%0.2%-0.07%0.45%
1 Month 4.9%3.45%1.56%2.65%
1 Year25.83%23.31%8.26%21.98%

 

                                                                                  

                                                                                                 MARKET MOVERS  

VW.de4.78%DTelecom.de-1.85%
SAP.de2.75%Adidas.de      -1.75%
Daimler.de2.4%NEXT.uk  -9.14%
Rio Tinto.uk2.93%M&S.uk -4.45%
Anglo American.uk 3.42%   Smith&N.uk       -3.03%   

 

 

Forex & Commodities markets:  

The dollar index closed higher yet the FOMC meeting didn’t move the markets after the FED decided to stay put with its rate. Metals closed sharply higher on upbeat China data and OIL reversed lower on a higher than expected inventories number. UK construction PMI at 9:30 am then at noon, the BOE Official Bank rate and policy statement are the important news on the agenda Thursday.  

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
 1.11.2017 -0.21%0.47%0.23%-0.25%0.33%-0.6%
 Dollar IndexUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.44%0.54%0.18%0.59%-0.06%2.56%1.45%

 

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
   
EURCAD49600.7-2031/104960 Stopped out
CADJPY88.60.7-8026/1089Stopped out
OIL52.65112023/1054.45Stopped out   
DAX119803517029/812670   
GOLD128035-1524/101284Stopped out
USDCAD28010.726026/102870Stopped out
EURGBP88230.744030/108886
OPEN PROFIT  $5600