European Markets    

European markets closed the week on a negative note on profit taking, yet closed the week up more than 1.3%, the best weekly gain in three months. The FTSE on the other hand didn’t fare as well, posting another steep selloff day following the rise in the sterling and closing the week down another 1.1%. The banking sector led the markets lower while mining stocks took another slide, for the fourth day in a row.       

Markets DAX CAC40 FTSE EUSXX600
 15.9.2017 -0.17% -0.22% -1.14% 0.36%
1 Month 1.82% 0.22% -4.18% -0.88%
1 Year 16.73% 14.61% 4.64% 13.15%

                                                                                  

                                                                                                 MARKET MOVERS  

Nokia.fi 2.46% Deutsche Bank.de -1.67%
Airbus.fr 1.29% Bayer.de       -1.43%
BMW.de 0.55% Carnival.uk -6.22%
IMP Brands.uk 2.05% Fresnillo.uk -2.5%
ITV.uk 1.41%    

 

Forex & Commodities markets  

The sterling continued its aggressive climb Friday, standing now at 12 month highs vs the dollar and gaining more than 3% vs the dollar this month alone. All other pairs traded in narrow ranges ahead of the FOMC meeting this coming Wednesday. The dollar index was mostly flat other that the steep sterling losses. BOE Governor Carney speech at 7 pm is the important news on the agenda Monday.    

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
15.9.2017 1.31% 0.58% 0.76% 0.18% -0.29% 0.1%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.25% -0.38% -0.07% 0.51% 0.15% -0.53% -0.9%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDMXN 6617 0.6 -160 8/9 5930   
       
GOLD 1353 25 890 8/9 1340  
       
DAX 11980 3 1945 29/8 12410  
GBPUSD 3399 0.5 890 15/9 3515 New position
GBPUSD 3415 0.7 1190 15/9 3540 New position
     
     
OPEN PROFIT     4700$