European Markets    

European markets traded higher over better than expected comments from the ECB, earnings reports and the tax reforms in the US. All major sectors other than Autos and all bourses closed in the green, led by banks, and health care stocks. Swedish giant retailer H&M disappointed investors with a 20% drop in pre-tax profit and the stock responded with a 5% dive. The Auto sector closed in the red on weakness in VM, down more than 1.5%.   

Markets DAX CAC40 FTSE EUSXX600
 28.9.2017 0.37% 0.22% 0.13% 0.51%
1 Month 4.38% 3.7% -1.16% 3.77%
1 Year 19.37% 17.89% 5.98% 17.56%

 

                                                                                 

                                                                                                 MARKET MOVERS  

CRH.uk 2.92% H&M.sw -5.2%
Deutsche Bank.de 2.68% VW.de       -1.67%
DPost.de 1.26% BMW.de  -0.65%
SG.fr 1.31% EasyJet.uk -1.8%
Ferguson.uk 2.79% Carnival.uk -1.73%   

 

Forex & Commodities markets  

The dollar index stalled after a three day rally and most of the majors traded in narrow ranges on very little volume. The surprise gainer on the day was the JPY that advances vs majors despite the positive global markets movement, GOLD and majors metals traded sideways. UK Current account at 9:30 am and CAD GDP at noon are the important news on the agenda Friday.   

  

  

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
28.9.2017 0.34% -0.34% -0.1%  0.3% 0.1%  -1.11%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 -0.21%  -0.11% 0.05% -0.33%  -0.29%  0.29% -0.11%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
NASDAQ 5875 8 526 25/9 5873  
AUDUSD 7948 0.7 630 25/9 7855 Stopped out  
USDNOK 9214 0.7 190 28/9 8902
EURUSD 1745 0.6 -186 28/9 1775 Stopped out
DAX 11980 3 2560 29/8 12565 SL changed  
     
       
     
UK100 7200 3 320 18/9 7150
OPEN PROFIT     3550$