European Markets    

European markets other than the FTSE traded sideways for the second day in a row on no important news and very little momentum. The FTSE closed sharply lower on remarks from BOE governor of potential rate increases and a sharply higher sterling as a result. The retail sector saved the day for the FTSE on a better than expected sales outlook release from NEXT sending the stock up 13% while miners and basic resources stocks were at the bottom of the index after another selloff day on weaker copper and nickel prices.   

Markets DAX CAC40 FTSE EUSXX600
 14.9.2017 -0.1% 0.17% -1.14% 0.12%
1 Month 1.99% 0.44% -3.08% -0.52%
1 Year 16.9% 14.83% 5.78% 13.51%

                                                                                

                                                                                                 MARKET MOVERS  

Safran.fr 1.57% EON.de -1.02%
Air Liquide.fr 1.09% Vivendi.fr       -0.99%
NEXT.uk 13.06% Experian.uk -4.83%
M&S.uk 2.8% Rio Tinto.uk -3.43%
Sage.uk 2.07%    

  

Forex & Commodities markets  

The dollar index was on a defensive mode after a three day rally closing lower by 0.5% and signaling a potential reversal for the dollar. UK rate decision proved to be the key economic news after remarks BOE Governor on potential rate increases sent the sterling sharply higher and the UK markets sharply lower. The sterling index gained more than 1.3% on the day. US Retail Sales at 1:30 pm are the important news on the agenda Friday.       

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
14.9.2017 1.4% -0.06% 0.13% 0.18% 0.29% 0.9%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
0.47% 0.03% -0.03% 0.05% 0.02% -0.18% 0.25%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDMXN 6617 0.6 -10 8/9 5930   
USDCHF 9451 0.6 1055 8/9 9580 Stopped out  
GOLD 1353 25 590 8/9 1340  
EURGBP 9066 0.7 160 12/9 9040 Stopped out     
DAX 11980 3 2025 29/8 12410  
NASDAQ 5960 6 -88 11/9 5960   Stopped out    
OIL 48.52 5 990 13/9 48.5 Stopped out     
     
     
OPEN PROFIT     2550$