European Markets:    

European markets traded mostly sideways in another lackluster trading day with most leading sectors closing the day flat and no leadership or momentum to the upside. Travel stocks were the lagging sector amid a slip in summer business, sending UK’s Merlin down 16%, while industrials led by strength in Airbus, up five percent on the day managed a strong close for the sector.  

Markets DAX CAC40 FTSE EUSXX600
17.10.2017 -0.07%  -0.03% -0.14%  -0.26%
1 Month 5.6% 5.05% 1.88% 4.75%
1 Year 23.8% 20.48% 6.7% 20.33%

                                                                                  

                                                                                                 MARKET MOVERS  

Airbus.fr 4.83% Essilor.fr -0.93%
Danone.fr 1.95% Bayer.de       -0.84%
EON.de 1% Merlin.uk  -15.94%
EasyJet.uk 2.17% STJames.uk -2.2%
Pearson.uk   7.2%          

 

Forex & Commodities markets:  

The dollar index was higher Tuesday sending metals lower for the second day in a row yet living a lesser imprint on a flat day for the FX markets. The dollar gained vs most majors yet lost ground vs emerging currencies at the end closing higher for the day. Gold was the big major loser, closing under 1280$ per ounce, while OIL prices closed flat ahead of the inventories numbers today. ECB President Draghi speech at 9:10 am, UK Employment at 9:30 am and OIL inventories at 2:30 pm are the important news on the agenda Wednesday.   

  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
17.10.2017  -0.51%  0.03%  -0.2% -0.23% -1.1%  0.15%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.21% 0.33%  -0.1%  -0.06%  0.1%   -1.6% -0.5%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
NASDAQ 5950 6 1060 29/9 6040      
USDJPY 112.26 0.7 -35 17/10 112 New position
OIL 52.29 5 -15 17/10 52.6 New position
DAX 11980 3 3595 29/8 12670    
       
         
       
UK100 7200 3 1200 18/9 7150
OPEN PROFIT     5700$
     

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