European Markets:    

European markets traded higher closing the week on a positive note and sending the CAC40 to 10 year highs!! Most leading sectors and bourses closed in the green. The Spanish markets were the only major market to close lower on the Catalan crisis. Better than expected earnings from VW, up 4.5% on the news, lifted automakers while banks and miners were the only major sectors to close lower.  

Markets DAX CAC40 FTSE EUSXX600
27.10.2017 0.64% 0.71% 0.25% 0.41%
1 Month 7.32% 7.52% 1.76% 5.22%
1 Year 25.52% 22.95% 6.58% 20.81%

 

                                                                                  

                                                                                                 MARKET MOVERS  

  VW.de 4.47% Santander.sp -1.98%
Siemens.de 2.21% Deutsche Bank.de       -1.67%
LVMH.fr 2.01% SG.fr  -1.01%
Daimler.de 1.66% EasyJet.uk -3.19%
  ReckittBen.uk 3.09%    Antofagasta.uk        -3.04%   

 

 

Forex & Commodities markets:  

The FX markets continued the pressure on the Euro following yesterday decision by the ECB to continue the stimulus program thru 2018. Most other pairs traded sideways while the Euro was lower, at 3 month lows vs the dollar and under the 132 area vs the Yen. OIL was the big winner in the markets Friday, jumping 2.5% on expected production cuts agreed upon by OPEC, will be extended beyond March 2018. There is no important news on the agenda Monday.

 

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
27.10.2017 -0.23%   -0.25% -0.7% -0.43% 0.32% 2.5%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.1% 0.04% 0.16% -0.1% -0.15% 0.17%  -0.61%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
EURUSD 1632 0.7 105 27/10 1657 New position
CADJPY 88.6 0.7 -10 26/10 89
OIL 52.6 5 780 23/10 52         
DAX 11980 3 4290 29/8 12670    
GOLD 1280 35 290 24/10 1284
USDCAD 2801 0.7 110 26/10 2774
USDNOK 8.01 0.7 1205 23/10 8.15 Stopped out
       
OPEN PROFIT     5560$