Daily Report December 21, 2017.

European Markets:    

European markets traded sharply lower with all major markets and leading sectors closing the trading day in the red. The DAX led the markets lower dropping more than one percent on the day and looking to close the month in the red after a stellar year. Profit taking hit all leading sectors and the approval of the US tax bill seems now a like a sell the news event. The Basic Resources sector was the only major sector in the green, up on strength in Rio Tinto and Anglo American.

Markets DAX CAC40 FTSE EUSXX50
20.12.2017 -1.11%  -0.56% -0.25% -0.83%
1 Month -0.75% -0.25% 1.54% -0.25%
1 Year 13.97% 10.74% 6.87% 8.33%
         

  

 

                                                                                 

                                                                                                 MARKET MOVERS  

Mondi.uk 2.57% SAP.de -2.08%
Rio Tinto.uk  1.8% Adidas.de          -1.45%
Anglo American.uk 1.73% VW.de -1.77%
    NMC Health.uk -4%
    BATS.uk -1.5%

 

 

Forex & Commodities markets:  

The dollar traded lower vs most majors other than the yen following the approval of the republican tax bill that had its impact already priced in the markets over the last two weeks. Metals took advantage of the softer dollar to climb across the board while OIL closed higher following the inventories number. CAD CPI and US GDP reading at 1:30 pm are the important news on the agenda Wednesday.

 

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
20.12.2017 -0.17% 0.31% 0.5%  0.22% 0.4% 0.82%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
-0.1% -0.25% 0.21% 0.46% -0.41% 0.54% 0.4%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
USDCHF 9898 0.7 240 12/12 9937  
EURJPY 133.95 0.7 380 19/12 133.98 New position
AUDJPY 86.55 0.7 210 19/12 86.38 New position
Silver 16.13 1000 47 18/12 15.97  
GOLD 1257 40 340 14/12 1248  
USDCAD 2865 0.7 -140 15/12 2840 Stopped out
DAX 13067 3 400 14/12 13179  Stopped out
USDSEK 4003 0.7 -10 19/12 4400  
OPEN PROFIT     $1130      
             
             

 

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