European Markets    

European markets mostly sideways in narrow ranges and low volumes closing the week on a flat note. The FTSE was the only major markets to close in the red on a stronger sterling and weakness in the mining sector. Most major sectors were closed flat while banking stocks pushed higher to lead while Energy and Basic materials pointed lower into the close. N. Korea issues will be on the table again over the weekend and impact the trading open Monday.   

Markets DAX CAC40 FTSE EUSXX600
 8.9.2017 0.06% 0.02% -0.26% 0.15%
1 Month 0.07% -1.76% -1.98% -2.18%
1 Year 14.98 % 12.63% 6.88% 11.85%

                                                                                 

                                                                                                 MARKET MOVERS  

Essilor.fr 1.48% Nokia.fi -3.37%
Danone.fr 0.96% Total.fr       -0.78%
Societe General.fr 0.92% BHP Billiton.uk -3.77%
ST. James.uk 2.15% Antofagasta.uk -3.72%
Barclays.uk 1.96%  Rio Tinto.uk -3.1%

 

 

Forex & Commodities markets  

The dollar continued its slide Friday however the big mover in the markets was OIL, after a 3.3% drop following lower than expected refining demand. As a result OIL closed at 47.5$. Hurrican Irma approaching the US is expected to impact refineries output and disrupt OIL demand. Metals traded mostly sideways yet closed the week positive while in the FX markets the Yen was also higher following the M. Korean increased tension. There is no important news on the agenda Monday.   

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 8.9.2017   0.78%  -0.73%  -0.66% 0.06% 0.15% -3.3%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 -0.16%  -0.5% 0.06% -0.66%  0.35% -0.17%  -0.47%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDMXN 6617 0.6 34 8/9 5930 New position 
USDCHF 9451 0.6 286 8/9 9450 New position 
GOLD 1353 25 389 8/9 1359 New position 
USDCAD 2410 0.7 1563 4/9 2150 Stopped out      
DAX 11980 3 1110 29/8 11850
OIL 48.81 4 -116 6/9 48.47 Stopped out
       
USDCAD 2200 0.7 226 7/9 2150    Stopped out  
     
OPEN PROFIT     1780$