European Markets:    

European markets traded higher across the board on strength from two major leading sectors, banking and energy. UK banks passed the stress test by the Bank of England sending all banking stocks higher while the upcoming OPEC meetings this week and the expectation for further production cuts sent energy stocks higher. Looking at individual stocks, RDS was UK best performer, up 4% on the day while BMW did not buck the positive trend and closed in the red, 0.86%.  

Markets DAX CAC40 FTSE EUSXX50
28.11.2017 0.46% 0.57% 1.04% 0.56%
1 Month -1.19% -1.88% -0.58% -1.84%
1 Year 22.07% 18.47% 9.01% 17.58%
         

 

                                                                                 

                                                                                                 MARKET MOVERS  

Shell.uk 3.99% BMW.de -0.86%
WorldPay.uk 3.94% Anglo American.uk       -1.75%
Safran.fr     2.21% Persimmon.uk           -1.89%
Uniliver.uk 1.67%    
Airbus.de      1.33%    

 

 Forex & Commodities markets:  

The dollar index traded sharply higher reversing from two month lows vs the Euro and sending metals lower, that following the successful pitch of the new tax reforms in the US. Not even the renewed geopolitical tension with N. Korea tempered with the move. More is expected today following Chairman Yellen Senate speech. OPEC Meetings all day, US GDP, OIL Inventories and FED Chairman Yellen testimony in the afternoon are the important news on the agenda Wednesday.

  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
28.11.2017 0.34%  0.4% -0.05% -0.45% -0.2% -0.4%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 0.41%  0.25% -0.05% 0.32% 0.35% -1.2% -0.1%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GOLD 1272 40 920 6/10 1270  
             
NASDAQ 6305 6 720 20/10 6280  
EURJPY 131.82 0.7 250 23/11 131.45  
EURUSD 1852 0.7 -163 23/11 1830 Stopped out
USDCAD 2769 0.6 190 28/11 2747 New position
CADJPY 87.02 0.6 -20 28/11 87.22 New position
             
OPEN PROFIT     $2050