European markets traded in the green with all major bourses and leading sectors other than banking closing the trading day positive. Autos continued their last three day climb yet closed off their highs after a Morgan Stanley downgrade of Ferrari, sending the high flyer down more than 6% after a 40% rally in the stock over the last 3 months. The ECB press conference did little to change in the markets course during the trading day as the comments from ECB President Draghi did not impressed investors either way.
|1 Year||14.92 %||12.63%||7.14%||11.7%|
Forex & Commodities markets
The dollar index took another hit, sliding sharply vs all majors after the ECB press conference left the Euro rate unchanged and sent the Euro back above the 1.2 level vs the dollar. The dollar is also at its six month lows vs the CAD after another weak session that sent the CAD higher vs all majors. OIL inventories failed to move the market ahead of another big hurricane that is expected to hit the southern US over the weekend. UK manufacturing at 9:30 am GMT and CAD employment are the important news on the agenda Friday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|
|EURCHF||1407||0.7||-243||6/9||1440||Stopped out||6||750||28/8||5930||Stopped out|