European Markets    

European markets traded higher anticipating news on the tax reforms in the US and putting the N .Korean crisis in the rear view mirror. Merger news contributed to the positive sentiment sending Alstom.fr up more than 4% on the proposed merger with Siemens rail business. The banking sector outperformed the markets and led to the positive close across the board while gold and silver mining stocks lagged the markets.    

Markets DAX CAC40 FTSE EUSXX600
 27.9.2017 0.41% 0.25% 0.38% 0.4%
1 Month 4.01% 3.48% -1.29% 3.26%
1 Year 19% 17.67% 5.85% 17.05%

                                                                                  

                                                                                                 MARKET MOVERS  

Alstom.fr 4.12% Loreal.fr -1.68%
Deutsche Bank.de 2.72% Danone.fr       -1.07%
Airbus.de 2.02% Rangold.uk  -2.34%
BNP Paribas.fr 1.97% Fresnillo.uk -1.62%
Pearson.uk 3.86%      

 

 

Forex & Commodities markets  

The dollar index managed another strong close, moving higher vs majors and combined with the rally in the US markets on the proposed tax cuts and relief on the N .Korean crisis sent metals to another selloff day. OIL inventories was a non event yesterday, living OIL above 52$ per barrel at the close. BOE Governor Carney speech at 9:15 am and US GDP at 1:30 pm are the important news on the agenda Thursday. 

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
27.9.2017  -0.44% 0.44% 0.13% -0.34% -0.95%  0.6%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 0.39%  0.31% -0.37% 0.1%  0.9% -0.2% -0.3%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 5875 8 550 25/9 5873 SL changed
AUDUSD 7948 0.7 875 25/9 7855 SL changed  
USDNOK 9214 0.7 310 28/9 8902 New position
EURUSD 1745 0.6 60 28/9 1775 New position
DAX 11980 3 2420 29/8 12565 SL changed  
     
       
     
UK100 7200 3 300 18/9 7150
OPEN PROFIT     4500$