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.    

MarketsDAXCAC40FTSEEUSXX50
7.12.2017 0.36%0.18%-0.37%0.32%
1 Month 2.52%-1.6%2.78%-2.24%
1 Year16.69%13.69%5.61%12.16%
     

 

 

                                                                                 

                                                                                                 MARKET MOVERS  

Orange.fr2.32%Airbus.de-0.95%
VW.de2.14%Nokia.fi      -2.54%
  Deutsche Bank.de      1.62%ABFood.uk          -2.33%
DTelecom.de1.69%Admiral.uk-2.59%
BT.uk2.16% 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.     

MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
7.12.20170.53%0.75%0.58%-0.2%-1.4%1.2%
 Dollar IndexUSDCHFAUDUSDAUDJPYUSDCADSilverPlatinum
  0.14%0.46%-0.74%-0.01%0.54%-1.5%-1.01%

 

Swing trades follow up –

TradeEntry pricePositionOpen profitDate triggeredStop lossRemarks today
       
OIL56.8861606/1257.2 
NASDAQ269564505/122630 
EURAUD56460.7307/125615New position
       
       
DAX1294537601/1212800 
       
OPEN PROFIT  $1380