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.  

Markets DAX CAC40 FTSE EUSXX50
 1.11.2017 1.76% 0.2% -0.07% 0.45%
1 Month 4.9% 3.45% 1.56% 2.65%
1 Year 25.83% 23.31% 8.26% 21.98%

 

                                                                                  

                                                                                                 MARKET MOVERS  

VW.de 4.78% DTelecom.de -1.85%
SAP.de 2.75% Adidas.de       -1.75%
Daimler.de 2.4% NEXT.uk  -9.14%
Rio Tinto.uk 2.93% 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.  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 1.11.2017  -0.21% 0.47% 0.23% -0.25% 0.33% -0.6%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.44% 0.54% 0.18% 0.59% -0.06% 2.56% 1.45%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
EURCAD 4960 0.7 -20 31/10 4960  Stopped out
CADJPY 88.6 0.7 -80 26/10 89 Stopped out
OIL 52.6 5 1120 23/10 54.45 Stopped out   
DAX 11980 3 5170 29/8 12670    
GOLD 1280 35 -15 24/10 1284 Stopped out
USDCAD 2801 0.7 260 26/10 2870 Stopped out
EURGBP 8823 0.7 440 30/10 8886
OPEN PROFIT     $5600