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.
|1 Year||14.98 %||12.63%||6.88%||11.85%|
|Societe General.fr||0.92%||BHP Billiton.uk||-3.77%|
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.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|