European Markets:    

European markets traded mostly sideways closing the day near the flat line. The Autos sector dragged the DAX lower after new emission test regulations were adopted by the EU, sending the sector down more than a percent. French bank Credit Agricole took a 3% dive on weak earnings while on the positive side M&S was up after a better than expected earnings report and growth prospects overseas.  

Markets DAX CAC40 FTSE EUSXX50
 8.11.2017 0.02% -0.17% 0.22%

%%

-0.02%
1 Month 3.33% 2.11% 0.1% 2.11%
1 Year 30.67% 25.31% 12.55% 24.6%

 

                                                                                 

                                                                                                 MARKET MOVERS  

  Deutsche Bank.de 1.45% Airbus.de -1.09%
EON.de 1.33% VW.de       -2.22%
Mondi.uk 2.33% Credit Agricole.fr  -3%
M&S.uk 1.67% NMC Health.uk    -4.38%
CRH.uk 2.34%      ABFood.uk       -3.51%    

 

Forex & Commodities markets:  

The dollar index and most FX markets were flat Wednesday, metals reversed once again to close in the green while OIL closed off highs following the inventories report. Weakness in the sterling was the most dominant move for the FX markets while all other majors lacked any trend or momentum. US Unemployment at 3 pm is the important news on the agenda Thursday.

  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
8.11.2017  -0.36% -0.11% -0.05% 0.08% 0.5% -0.66%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.09% 0.03% 0.43% 0.32% -0.36% 0.5% 0.9%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
GOLD 1272 40 480 6/10 1270
EURJPY 132.05 0.7 -100 8/10 131.6 New position
GBPUSD 3160 0.7 250 6/10 3180  
CADJPY 89.16 0.7 -240 6/10 89.55 Stopped out
DAX 11980 3 4900 29/8 12670      
Societe General.fr 46.24 300 730 3/10 44.93  
       
         
OPEN PROFIT     $6200