European Markets:    

European markets traded sideways and higher and closed the week on a positive note with all major sectors other than banking stocks and leading bourses in positive territory. Societe General.fr earnings disappointed investors and the French banking giant took a 4% dive on the news that pushed the sector to a negative close. All other French banks stocks closed in the red, AXA was down more than 2.7%.  

Markets DAX CAC40 FTSE EUSXX50
 3.11.2017 0.28% 0.14%  0.07% 0.03%
1 Month 4.04% 2.95% 0.5% 2.4%
1 Year 31.38% 26.05% 12.95% 24.89%
         

                                                                                 

                                                                                                 MARKET MOVERS  

Phillips.ho 1.46% Societe General.fr -4.09%
Bayer.de 1.4% AXA.fr       -2.77%
LVMH.fr 1.26% Deutsche Bank.de  -0.85%
NMC Health.uk 4.29% ST James.uk -1.5%
Coca Cola.uk 2.73%    BT.uk        -1.5%   

 

 Forex & Commodities markets:  

The dollar index was higher following the job report Friday afternoon, gaining vs most majors other than the sterling. Metals moved lower on the news with Gold trading under 1270$ per ounce and Silver plummeting 1.8% and reversing all the gains from Wednesday FOMC news. OIL was the big gainer on the day closing at year highs, at 55.8$ on supply fears. There is no important news on the agenda Monday.  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 3.11.2017  0.14% -0.01% -0.41% -0.41% -065% 2.2%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.33% 0.14% -0.87% -0.83% -0.37% -1.8% -0.6%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
             
OIL 54.76 6 -186 3/10 54.45  Stopped out
GBPUSD 3073 0.7 -30 2/10 3100  
NASDAQ 6278 6 -30  6/10 6300 New position                    
DAX 11980 3 5220 29/8 12670      
Societe General.fr 46.24 300 164 3/10 46.9 New position
EURGBP 8924 0.7 -224 2/10 8900 Stopped out
             
OPEN PROFIT     $5300