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.  

MarketsDAXCAC40FTSEEUSXX600
27.10.20170.64%0.71%0.25%0.41%
1 Month 7.32%7.52%1.76%5.22%
1 Year25.52%22.95%6.58%20.81%

 

                                                                                  

                                                                                                 MARKET MOVERS  

  VW.de4.47%Santander.sp-1.98%
Siemens.de2.21%Deutsche Bank.de      -1.67%
LVMH.fr2.01%SG.fr  -1.01%
Daimler.de1.66%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.

 

 

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
27.10.2017-0.23%  -0.25%-0.7%-0.43%0.32%2.5%
 Dollar IndexUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
0.1%0.04%0.16%-0.1%-0.15%0.17% -0.61%

 

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
   
EURUSD16320.710527/101657New position
CADJPY88.60.7-1026/1089
OIL52.6578023/1052        
DAX119803429029/812670   
GOLD12803529024/101284
USDCAD28010.711026/102774
USDNOK8.010.7120523/108.15Stopped out
    
OPEN PROFIT  5560$