Daily Report December 8, 2017

European Markets:    

European markets traded sideways most of the trading day to manage a positive close while the FTSE close lower on sterling strength late in the day. Most major leading sectors traded near the flat line while Telecoms closed higher by 1.3% on news that Orange will increase investment spending to grow its customer base and banks had a positive day led by Deutsche Bank, up 1.6% on the day.    

Markets DAX CAC40 FTSE EUSXX50
7.12.2017  0.36% 0.18% -0.37% 0.32%
1 Month 2.52% -1.6% 2.78% -2.24%
1 Year 16.69% 13.69% 5.61% 12.16%
         

 

 

                                                                                 

                                                                                                 MARKET MOVERS  

Orange.fr 2.32% Airbus.de -0.95%
VW.de 2.14% Nokia.fi       -2.54%
  Deutsche Bank.de       1.62% ABFood.uk           -2.33%
DTelecom.de 1.69% Admiral.uk -2.59%
BT.uk 2.16%  Rio Tinto.uk -1.66%

 

 

Forex & Commodities markets:  

The dollar index traded higher for the fourth day in a row, sending metals lower and leading higher vs FX markets other than the sterling. GOLD traded under 250$ per ounce for the first time in four months while OIL rebounded from yesterday selloff to close above 56.5$ per barrel. UK manufacturing at 9:30 am GMT and NFP numbers at 1:30 pm are the important news on the agenda Friday.     

Market GBPUSD USDJPY EURJPY EURUSD GOLD OIL
7.12.2017 0.53% 0.75% 0.58% -0.2% -1.4% 1.2%
 Dollar Index USDCHF AUDUSD AUDJPY USDCAD Silver Platinum
  0.14% 0.46% -0.74% -0.01% 0.54% -1.5% -1.01%

 

Swing trades follow up –

Trade Entry price Position Open profit Date triggered Stop loss Remarks today
             
OIL 56.88 6 160 6/12 57.2  
NASDAQ 2695 6 450 5/12 2630  
EURAUD 5646 0.7 30 7/12 5615 New position
             
             
DAX 12945 3 760 1/12 12800  
             
OPEN PROFIT     $1380      
             

 

 

Contact Information

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