European Markets:    

European markets traded sharply higher on the ECB decision to continue the asset purchasing program thru 2018 and following the dovish ECB press conference that favored the support of current financing conditions in the EU zone. Most major sectors closed higher on the day led by industrials stocks, while banks and health care sectors lagged the markets. Nokia surprised the markets with a weaker than expected earnings report sending the stock tumbling 17%.  

Markets DAX CAC40 FTSE EUSXX600
26.10.2017 1.4% 1.5% 0.53%

%%

0.8%
1 Month 6.68% 6.81% 1.51% 4.82%
1 Year 24.88% 22.24% 6.33% 20.4%

 

                                                                                  

                                                                                                 MARKET MOVERS  

  Airbus.fr 2.8% Nokia.fi -17.5%
Uniliver.uk 3.43% Deutsche Bank.de       -0.95%
Vinci.fr 3.07% Bayer.de  -1.75%
BATobacco.uk 2.53% GSK.uk -3.43%
  Bunzl.uk 2.1%    Shire.uk        -2.06%   

  

 

Forex & Commodities markets:  

The ECB press conference did live up to market expectations sending the Euro sharply lower after the decision to continue the stimulus program thru September 2018. The FX markets reacted with a one percent move lower in the euro vs majors and a sharp move higher in the US dollar. The move sent the Euro to 3 month lows vs majors and reversed most of the move higher in the Euro that started in July. US GDP at 1:30 pm is the important news on the agenda Friday.

 

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
26.10.2017 -0.75%   0.16% -1.1% -1.27% -0.8% 0.86%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.91% 0.72% -0.42% -0.24% 0.4% -0.8%  -0.71%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
       
CADJPY 88.6 0.7 -90 26/10 89 New position
OIL 52.6 5 10 23/10 52         
DAX 11980 3 4100 29/8 12670    
GOLD 1280 35 430 24/10 1284
USDCAD 2801 0.7 350 26/10 2774 New position
USDNOK 8.01 0.7 1450 23/10 8.15 SL changed
EURGBP 8941 0.7 -140 25/10 8960 Stopped out
OPEN PROFIT     6300$