European Markets    

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.   

  

Markets DAX CAC40 FTSE EUSXX600
 7.9.2017 0.67% 0.6% 0.38% 0.27%
1 Month 0.01% -1.76% -1.72% -2.33%
1 Year 14.92 % 12.63% 7.14% 11.7%

 

                                                                             

                                                                                                 MARKET MOVERS  

Adidas.de   2.17% Airbus.de -1.37%
SAP.de 1.65% Deutsche Bank.de       -1.19%
EON.de 1.86% BHP Billiton.uk -1.82%
MicroFocus.uk 5.12% Admiral.uk -1.97%
AstraZeneka.uk 4.32%    

 

 

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.   

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
 7.9.2017   0.44%  -0.68%  0.17% 0.86% 1.11% -0.1%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
 -0.79%  -0.5% 0.58% -0.11%  -0.83% 1.6%  0.4%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
     
     
EURUSD 1898 0.7 750 4/9 1890 Stopped out
USDCAD 2410 0.7 1970 4/9 2150    SL changed
DAX 11980 3 1210 29/8 11850
OIL 48.81 4 170 6/9 48.47
EURCHF 1407 0.7 -243 6/9 1440   Stopped out 6 750 28/8 5930 Stopped out  
USDCAD 2200 0.7 760 7/9 2150 New position 
     
OPEN PROFIT     4050$