European Markets    

European markets traded sideways with most leading sectors trading in narrow ranges and closing the day at the flat line. The FTSE outperformed the markets after a weak start of the week yesterday while the Spanish IBEX lagged on the Catalan issues. LVMH closed higher 2.25 percent on a better than expected sales outlook while Santander was 3 percent lower on worries from the Catalan vote on separatism. Earnings season should provide more clearance for the markets in the upcoming weeks.

Markets DAX CAC40 FTSE EUSXX600
10.10.2017  -0.21%  -0.04% 0.4%

%%

 -0.01%
1 Month 5.25% 4.89% 2.14% 4.69%
1 Year 23.45% 20.52% 6.99% 20.27%

                                                                                  

                                                                                                 MARKET MOVERS  

LVMH.fr 2.24% Santander.sp -2.92%
DPOST.de 1.74% Sanofi.fr       -1.53%
   Persimmon.uk 2.34% Pearson.uk  -1.9%
Burberry.uk 2.22% Sage.uk -1.64%
 Antofagasta.uk 2.14%       

  

 

Forex & Commodities markets  

The dollar index was sharply lower Tuesday ahead of the FOMC meeting minutes today. The dollar lost ground vs most majors after a three day rally and metals jumped on dollar weakness leaving Gold lagging due to the relative strength in the US close. OIL was sharply higher on the day on expected OPEC production cuts and ahead of the inventories number Thursday. FOMC meeting minutes at 6 pm GMT is the important news on the agenda Wednesday.  

  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
10.10.2017  0.5% -0.31% 0.33% 0.6% 0.47% 2.48%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 -0.43%  -0.45%  0.4%  0.15%  -0.3%   1% 1.57%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
NASDAQ 5950 6 700 29/9 6040      
OIL 50.03 6 630 10/10 49.97 New position
OIL 49.9 4 350 10/10 49.97 New position
DAX 11980 3 3430 29/8 12670    
GBPUSD 3187 0.7 55 10/10 3150 New position
       
     
UK100 7200 3 1220 18/9 7150
OPEN PROFIT     6400$