European Markets    

European markets traded in mixed mode with major bourses closing in different directions, the DAX closed in the green on Autos and banking sectors strength while Brexit and geopolitical issues linger on the FTSE that closed in the red. Two analyst upgrades lifted the Autos sector more than one percent while the pop in OIL prices gave a boost to energy stocks. European investors now brace for the ECB rate decision today at noon.   

  

Markets DAX CAC40 FTSE EUSXX600
 6.9.2017 0.75% 0.3% -0.25% 0.06%
1 Month -0.66% -2.02% -2.1% -2.4%
1 Year 14.25 % 12.37% 6.76% 11.43%

                                                                                  

                                                                                                 MARKET MOVERS  

Daimler.de   3017% EON.de -1.47%
VW.de 1.63% CRH.uk       -1.19%
BMW.de 1.57% Ashtead.uk -2.13%
MicroFocus.uk 6.16% Persimon.uk -2.4%
NEXT.uk 2.51%    

 

Forex & Commodities markets  

The dollar reversed and managed to stage a positive day while geopolitical worries took the back stage as investors look up to Mario Draghi and the ECB press conference today. The big move in the FX markets came on BOC decision to raise the interest rate by 25 basis points, taking the markets by surprise and sending the CAD sharply higher to 4 month highs vs the dollar. The ECB Press Conference at 1:30 pm GMT and OIL Inventories at 4 pm are the important news on the agenda Thursday. 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 6.9.2017   0.05%  0.5%  0.47%  -0.01% -0.5% 0.9%
USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 0.19% 0.01% 0.42%  -1.15% -0.06% -0.32%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
CADJPY 87.75 0.7 -800 5/9 88 Stopped out
EURUSD 1898 0.7 190 4/9 1890   SL changed
USDCAD 2410 0.7 1040 4/9 2275    SL changed
DAX 11980 3 1070 29/8 11850
OIL 48.81 4 100 6/9 48.47 New position
EURCHF 1407 0.7 -25 6/9 1440 New position 
     
     
OPEN PROFIT     2340$