All European markets other than the FTSE traded higher with most leading sectors in positive territory led by financial stocks and Autos while the FTSE fell under pressure from a stronger sterling and weakness in miners and tobacco stocks. The N. Korean tension relief and Hurrican Irma lower than expected damages to the insurance industry were the reason for the positive trading day.
|1 Year||16.77 %||14.49%||7.2%||13.41%|
Forex & Commodities markets
The dollar index managed another positive day, the second in a row vs most majors while the sterling was the big mover in the FX markets gaining close to 1% vs majors on a higher than expected CPI number. Most other markets traded in narrow ranges in relief from geopolitical tensions and with very little news on the agenda. UK Earnings at 9:30 am and OIL Inventories in the afternoon are the important news on the agenda Wednesday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|