European Markets    

European markets traded mostly sideways in narrow ranges. Most bourses closed in the red, while the DAX managed to squeeze a positive close mainly on strength from the Autos sector, the best performing major sector, up 0.9% on the day. N. Korean tension and overall profit taking sentiment in the US markets weighted on the trading day as investors had mainly negative news to digest. European investors now brace for the ECB rate decision tomorrow at noon.    

  

Markets DAX CAC40 FTSE EUSXX600
 5.9.2017 0.18% -0.34% -0.52% -0.13%
1 Month -1.41% -2.32% -1.85% -2.46%
1 Year 13.5 % 12.07% 7.01% 11.37%

                                                                                  

                                                                                                 MARKET MOVERS  

VW.de   1.85% Orange.fr -2%
Siemens.de 0.94% Deutsche Bank.de       -1.89%
BMW.de 1.73% Carnival.uk -3.55%
PaddyPWRBet.uk 2.01% ReckittBen.uk -2.72%
Severn.uk 1.11% EasyJet.uk -2.12%

 

Forex & Commodities markets  

The dollar was again under pressure Tuesday as the renewed N. Korean tension and remarks from FED governor Brainard that US inflation is in check, send the dollar lower vs all majors. Gold moved higher on dollar weakness while OIL was yesterday best performer on renewed talks between Russia and Saudi Arabia on capacity output quotas. BOC rate statement at 2 pm GMT is the important news on the agenda Wednesday.   

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 5.9.2017   0.79% -0.9% -0.7%  -0.18% 1.3% 2.8%
USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.46% 0.68% -0.22%  -0.3% 0.98% 0.2%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
CADJPY 87.75 0.7 -30 5/9 88 New position
EURUSD 1898 0.7 110 4/9 1850
USDCAD 2410 0.7 140 4/9 2430
DAX 11980 3 315 29/8 11850
     
NASDAQ 5807 6 750 28/8 5930 Stopped out   
     
     
OPEN PROFIT      535$