Register Now And Get A Free Introduction Lesson

Try us Without Risk


You take the profits,
We cover possible losses,
On your first 5 trades.



Register for No-Loss Guarantee

HOT OPPORTUNITIES

Check how much you could earn on

Enter your investment Amount
Please enter an amount between 50 and 5000
Back
 
Asset
Action
Sell
Amount
$200
Leverage
1:200
Profit
$1,280
Register for full explanation
 

Courses for all skill levels

For beginners

Courses for beginners without previous experience.

Sign Up

For professionals

Take your trading to the next level with our advanced courses.

Sign Up

See what others are trading

Find out what’s hot, and what’s not.

Here you can see what other traders are thinking and investing. This great tool can help you catch early trends in the markets and act accordingly.
Will you follow the trend or go in the opposite direction?

 
 
 

Market Updates

Yen, Aussie shrug off weak data and gain mildly in Asia

Investing.com - The yen gained in Asia Thursday despite weaker than expected revised third quarter gross domestic product data, while the Aussie also bucked a wider than seen trade gap.

USD/JPY changed hands at 113.70, down 0.06% and AUD/USD traded at 0.7483, up 0.04%.

In Japan, third quarter GDP rose 0.3%, weaker than the 0.6% gain seen quarter-on-quarter and at a 1.3% pace year-on-year, well below the 2.4% increase expected.

The revised figures fall under a new base year and international standard that were adjusted along with a sharp upward revsion in first quarter figures. Going forward, Japan's lukewarm economy has made a solid start to the final quarter of 2016 and the government revised up its assessment of the economy,saying it is "improving," instead of "stalling," reflecting a firmer tone in the
coincident composite index for October.

It was the first upgrade based on the key indicator since December 2014 and the first change since May 2015, when it downgraded its view to "stalling" from "improving."

Earlier, Japan said the non-seasonally adjusted current account reached a surplus of ¥1.720 trillion in October.

Australia reported trade balance data for October with a deficit of A$1.541 billion, wider than the A$800 million deficit seen.

Ahead, China should report its trade balance for November with a surplus of $46.30 billion seen and exports posting a decline of 5.0% and imports down 1.3%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.05% to 100.23.

Overnight, the dollar held steady against the other majors currencies on Wednesday, as investors remained cautious ahead of the European Central Bank’s policy meeting on Thursday and the highly-anticipated Federal Reserve policy decision due next week.

Elsewhere, China's foreign exchange reserves fell for a fifth straight month in November and by more than expected to the lowest since March 2011, with a drop of $69.06 billion to $3.052 trillion. The data released by the central bank follows figures the previous month showing a drop of $45.7 billion in October.

Markets were still recovering after Italian voters rejected on Sunday constitutional changes backed by the government and the subsequent resignation of Prime Minister Matteo Renzi.

However there were indications that Italy would not hold early elections after Renzi’s resignation, with many analysts thinking it more likely that a caretaker government will be put in place until an election in 2018.

Meanwhile, the greenback remained broadly supported after Friday’s solid U.S. jobs report for November confirmed expectations for an interest rate hike by the Federal Reserve this month.

Read More

Australia’s trade balance -1.541B vs. -0.800B forecast

Australia’s trade balance fell unexpectedly last month, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australia’s trade balance fell to a seasonally adjusted -1.541B, from -1.272B in the preceding month whose figure was revised down from -1.227B.

Analysts had expected Australia’s trade balance to rise to -0.800B last month.
Read More

Japan’s Bank Lending 2.4% vs. 2.4% forecast

Japan’s bank lending remained unchanged in the last quarter, official data showed on Wednesday.

In a report, Bank of Japan said that Japan’s Bank Lending remained unchanged at a seasonally adjusted annual rate of 2.4%, from 2.4% in the preceding quarter.

Analysts had expected Japan’s Bank Lending to remain unchanged at 2.4% in the last quarter.
Read More

Japan’s GDP price index -0.2% vs. -0.1% forecast

Japan’s GDP price index fell unexpectedly in the last quarter, official data showed on Wednesday.

In a report, Cabinet Office said that Japan’s GDP price index fell to a seasonally adjusted annual rate of -0.2%, from -0.1% in the preceding quarter.

Analysts had expected Japan’s GDP price index to remain unchanged at -0.1% in the last quarter.
Read More

Dollar eases against euro as investors eye European Central Bank meeting

Investing.com - Forex traders nervously eyed upcoming meetings of the European Central Bank (ECB) and the Federal Reserve, as the dollar eased against the euro.

TheEUR/USD settled at 1.76, up 0.4%.

The GBP/USD increased 0.6% and finished the day at 1.2624.

The USD/JPY was down a bit, at 113.66 on forex markets.

Traders this week have concentrated on the euro after Italian Prime Minister Matteo Renzi's somewhat surprising loss in a referendum over constitutional changes on Sunday.

Immediately dropping on the news, the euro rallied on Monday and has in the days since then stayed below three-week highs against the dollar.

Investors await news on the ECB and Fed for possible interest rate policy updates.

ECB may continue its strategy of "quantitative easing," while the Fed is expected to raise interest rates to tamp down the hydra-headed specter of inflation for the U.S.

The US Dollar Index measures the greenback against a basket of major currencies, fell 0.31 percent to 100.18, on Wednesday.

President-elect Trump has talked about several publicly traded companies since the election, impacting their share value, but hasn't said anything about currencies or forex in the last month.

Kellyanne Conway, his campaign manager, today said Trump has interviewed 75 business and government leaders for the cabinet, or for economic advice, in the weeks since the campaign ended.

Read More

Oil prices settle lower as OPEC optimism fades

Investing.com - Oil prices settled down on Wednesday, as optimism amongst investors that major oil producers will slash production, as promised, vanished.

What is more, key oil inventory data shows rising stockpiles around the globe.

Light, sweet Crude Oil for January delivery settled down $1.16, or 2.3%, at $49.77 per barrel on the New York Mercantile Exchange (NYMEX).

Brent Oil, the global benchmark, fell 93 cents, or 1.7% to $53 per barrel overseas.

The Organization of the Petroleum Exporting Countries (OPEC) will meet with other oil producers to coordinate further output cuts this coming weekend.

OPEC’s agreement just one week ago today to slash production temporarily propelled oil prices to a one-year high.

Experts worry that oil producing countries may adopt a beggar-thy-neighbor strategy and increase production to boost their own share of the market.

Another factor weighing on the minds of investors was the nomination by President-elect Donald Trump of a hardline candidate to head the U.S. Environmental Protection Agency (EPA).

Oklahoma state Attorney General Scott Pruitt, the nominee, is a critic of global warming extremism, and the belief that mankind alone is responsible for variations in the global climate since the industrial revolution.

Pruitt has made a name for himself in conservative Republican circles by fighting President Obama's environmental policies, including the White House's controversial move to cut power plant emissions of carbon.

Trump has promised to "roll back" Obama's most restrictive regulations on oil, including his recent work stoppage of an oil pipeline in North Dakota that was about 1500 feet from completion.

A source tells Investing.com that so-called protestors at the pipleline this weekend were known by locals to be employees of a major rail carrier which will lose business if the oil is transported by pipeline, rather than rail.

Read More

NYMEX awaits China trade figures, Japan GDP in Asia for demand cues

Investing.com - Crude prices in Asia awaited China trade data on Thursday along with Japan GDP for demand cues by two of the world's top importers.

Crude oil for January delivery on the New York Mercantile Exchange was last quoted at $49.84 a barrel.

In Japan, third quarter GDP is expected to show a 0.6% gain quarter-on-quarter and a 2.4% pace year-on-year. Later, Australia reports trade balance data for October with an A$800 million deficit seen. China should report its trade balance for November with a surplus of $46.30 billion seen and exports posting a decline of 5.0% and imports down 1.3%.

Overnight, West Texas Intermediate oil futures pared losses in North American trade on Wednesday, after data showed that oil supplies in the U.S. registered an inventory draw that was twice as big as expected.

However, investors appeared to change their minds as they digested the data and crude prices hit intraday lows in what may have disappointment at the large build at the key U.S. delivery point as well as larger-than-expected increases in both gasoline and distillate stockpiles.

The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 2.389 million barrels in the week ended December 2. Market analysts' expected a crude-stock draw of 1.032 million barrels, while the American Petroleum Institute late Tuesday reported a supply draw of 2.21 million barrels.

Supplies at Cushing, Oklahoma, the key delivery point for Nymex crude, rose by 3.783 million barrels last week, the EIA said. Total U.S. crude oil inventories stood at 485.8 million barrels as of last week, according to press release, which the EIA considered to be “at (the) upper limit of the average range for this time of year”.

The report also showed that gasoline inventories increased by 3.425 million barrels, compared to expectations for a build of 1.948 million barrels, while distillate stockpiles grew by 2.501 million barrels, compared to forecasts for a gain of 1.840 million.

Elsewhere, on the ICE Futures Exchange in London, Brent oil for February delivery was last quoted at $52.99 a barrel.

Investors are turning their attention towards a meeting of OPEC and non-OPEC members in Vienna on Dec. 10 to finalize the details of the agreement to cut production in order to help relieve the global supply glut and support prices.

Though OPEC members have reached an agreement to cut daily output by 1.2 million barrels and non-OPEC producers pledged another 600,000 barrel reduction, doubts have emerged over how effective the cuts will be at reducing massive oversupply that has pressured prices lower for more than two years.

Oil production has been outstripping consumption by between one to two million bpd since late 2014. Furthermore, OPEC and Russia have reported that output hit record highs since the deal was announced, adding to fears that the global supply overhang could persist well into 2017.

Read More

Peru stocks higher at close of trade; S&P Lima General up 0.27%

Investing.com – Peru stocks were higher after the close on Wednesday, as gains in the Mining, Electricity and Services sectors led shares higher.

At the close in Lima, the S&P Lima General rose 0.27%.

The best performers of the session on the S&P Lima General were Edegel (LM:EDE), which rose 5.41% or 0.120 points to trade at 2.340 at the close. Meanwhile, Atacocha (LM:ATB) added 4.05% or 0.016 points to end at 0.411 and Volcan Minera (LM:VOL_pb) was up 2.90% or 0.020 points to 0.710 in late trade.

The worst performers of the session were Aceros Arequip (LM:AREi), which fell 4.00% or 0.020 points to trade at 0.480 at the close. Panoro (LM:PML) declined 3.33% or 0.005 points to end at 0.145 and Ferreyros (LM:FER) was down 2.94% or 0.050 points to 1.650.

Rising stocks outnumbered declining ones on the Lima Stock Exchange by 15 to 14 and 6 ended unchanged.

Shares in Atacocha (LM:ATB) rose to 3-years highs; rising 4.05% or 0.016 to 0.411. Shares in Volcan Minera (LM:VOL_pb) rose to 52-week highs; up 2.90% or 0.020 to 0.710.

Crude oil for January delivery was down 2.10% or 1.07 to $49.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.63% or 0.88 to hit $53.05 a barrel, while the February Gold contract rose 0.38% or 4.40 to trade at $1174.50 a troy ounce.

USD/PEN was down 0.21% to 3.4065, while EUR/PEN fell 0.13% to 3.6650.

The US Dollar Index was down 0.26% at 100.25.

Read More

Canada stocks higher at close of trade; S&P/TSX Composite up 0.74%

Investing.com – Canada stocks were higher after the close on Wednesday, as gains in the Consumer Discretionary, IT and Consumer Staples sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 0.74% to hit a new 52-week high.

The best performers of the session on the S&P/TSX Composite were DH Corp (TO:DH), which rose 13.97% or 2.68 points to trade at 21.87 at the close. Meanwhile, Martinrea International Inc . (TO:MRE) added 7.41% or 0.58 points to end at 8.41 and Transcontinental Inc (TO:TCLa) was up 6.75% or 1.32 points to 20.87 in late trade.

The worst performers of the session were ProMetic Life Sciences Inc. (TO:PLI), which fell 4.59% or 0.100 points to trade at 2.080 at the close. Alacer Gold Corp (TO:ASR) declined 4.17% or 0.100 points to end at 2.300 and Valeant Pharmaceuticals International Inc (TO:VRX) was down 3.76% or 0.78 points to 19.95.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 649 to 550 and 127 ended unchanged.

Shares in Transcontinental Inc (TO:TCLa) rose to 52-week highs; gaining 6.75% or 1.32 to 20.87.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 3.29% to 9.69 a new 3-months low.

Gold for February delivery was up 0.35% or 4.05 to $1174.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.12% or 1.08 to hit $49.85 a barrel, while the February Brent oil contract fell 1.67% or 0.90 to trade at $53.03 a barrel.

CAD/USD was up 0.35% to 0.7553, while CAD/EUR unchanged 0.00% to 0.7026.

The US Dollar Index was down 0.26% at 100.25.

Read More

Colombia stocks lower at close of trade; COLCAP down 0.25%

Investing.com – Colombia stocks were lower after the close on Wednesday, as losses in the Investment, Industrials and Agriculture sectors led shares lower.

At the close in Colombia, the COLCAP declined 0.25%.

The best performers of the session on the COLCAP were Avianca Holdings Pf (CN:AVT_p), which rose 3.83% or 120.0 points to trade at 3255.0 at the close. Meanwhile, Etb (CN:ETB) added 2.02% or 12.0 points to end at 606.0 and Bolsa De Valores De Colombia (CN:BVC) was up 1.00% or 0.2 points to 20.3 in late trade.

The worst performers of the session were Grupo Inversiones Suramericana (CN:SIS), which fell 2.03% or 740.0 points to trade at 35640.0 at the close. Cemex Latam Holdings SA (CN:CLH) declined 1.79% or 200.0 points to end at 10980.0 and Pfgrupsura (CN:SIS_p) was down 1.63% or 580.0 points to 35020.0.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 14 to 12 and 3 ended unchanged.

Shares in Avianca Holdings Pf (CN:AVT_p) rose to 52-week highs; rising 3.83% or 120.0 to 3255.0.

US coffee C for March delivery was down 0.32% or 0.45 to $142.12 . Elsewhere in commodities trading, US cocoa for delivery in March fell 0.75% or 17.50 to hit $2325.00 , while the February Gold contract rose 0.54% or 6.35 to trade at $1176.45 a troy ounce.

USD/COP was down 0.02% to 3002.00, while BRL/COP rose 0.69% to 887.12.

The US Dollar Index was down 0.30% at 100.21.

Read More

Trump names new secretary of homeland defense

Investing.com - Another retired U.S. general is joining the Trump Cabinet, according to an announcement by the transition team in New York City.

Former Marine Corps. Gen. John Kelly has previously, publicly stated his hawkish views on the security of the U.S.-Mexican border. Another Marine veteran, Gen. James Mattis, is taking the helm at the Pentagon. Former Gen. Michael Flynn has been named White House National Security Advisor, a position that does not require Senate confirmation.

“In my opinion, the relative ease with which human smugglers moved tens of thousands of people to our nation’s doorstep also serves as another warning sign: These smuggling routes are a potential vulnerability to our homeland,” Kelly said in testimony before the Senate Armed Services Committee in 2015. "These smuggling routes along the border make the U.S. vulnerable to an influx of terrorists and weapons of mass destruction."

Kelly was then the commander-in-chief of the Southern Command, the command responsible for all U.S. military activities in South and Central America. Prior to that, he headed the Multi-National Force (MNF) in Iraq.

Kelly is an alumnus of the University of Massachussets, Boston, a top public university in the U.S.

Leading defense stocks were up on Wall Street today, including Lockheed Martin Corporation (NYSE:LMT), partly on the news of the latest pro-military Trump Cabinet pick and on the 75th anniversary of the Japanese attacks on the U.S. in Hawaii in Pearl Harbor, which plunged the U.S. into World War II, and transformed the nation into a global superpower.

TheDow Jones Industrial Average was up at 2:30 p.m. Eastern today, as was the NASDAQ Composite.

Read More

Spain stocks higher at close of trade; IBEX 35 up 0.75%

Investing.com – Spain stocks were higher after the close on Wednesday, as gains in the Financial Services&Real Estate, Consumer Services and Telecoms&IT sectors led shares higher.

At the close in Madrid, the IBEX 35 rose 0.75% to hit a new 1-month high.

The best performers of the session on the IBEX 35 were Arcel. Mittal (MC:MTS), which rose 4.67% or 0.352 points to trade at 7.882 at the close. Meanwhile, Banco Popular (MC:POP) added 3.99% or 0.038 points to end at 0.991 and Indra A (MC:IDR) was up 3.92% or 0.380 points to 10.065 in late trade.

The worst performers of the session were Tecnicas Reunidas (MC:TRE), which fell 2.79% or 1.025 points to trade at 35.765 at the close. Grifols SA (MC:GRLS) declined 2.30% or 0.395 points to end at 16.755 and Bankinter (MC:BKT) was down 1.80% or 0.134 points to 7.300.

Rising stocks outnumbered declining ones on the Madrid Stock Exchange by 123 to 89 and 13 ended unchanged.

Shares in Arcel. Mittal (MC:MTS) rose to 52-week highs; rising 4.67% or 0.352 to 7.882. Shares in Grifols SA (MC:GRLS) fell to 52-week lows; down 2.30% or 0.395 to 16.755.

Gold for February delivery was up 0.69% or 8.05 to $1178.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.57% or 0.80 to hit $50.13 a barrel, while the February Brent oil contract fell 1.11% or 0.60 to trade at $53.33 a barrel.

EUR/USD was up 0.31% to 1.0751, while EUR/GBP rose 0.96% to 0.8533.

The US Dollar Index was down 0.21% at 100.30.

Read More

Netherlands stocks higher at close of trade; AEX up 0.61%

Investing.com – Netherlands stocks were higher after the close on Wednesday, as gains in the Basic Materials, Industrials and Telecoms sectors led shares higher.

At the close in Amsterdam, the AEX rose 0.61% to hit a new 3-months high.

The best performers of the session on the AEX were ArcelorMittal SA (AS:ISPA), which rose 4.98% or 0.374 points to trade at 7.883 at the close. Meanwhile, Aegon (AS:AEGN) added 4.92% or 0.246 points to end at 5.242 and Akzo Nobel (AS:AKZO) was up 2.83% or 1.62 points to 58.94 in late trade.

The worst performers of the session were ING Groep NV (AS:INGA), which fell 4.97% or 0.670 points to trade at 12.815 at the close. Galapagos NV (AS:GLPG) declined 2.46% or 1.370 points to end at 54.410 and Unilever NV (AS:UNc) was down 1.31% or 0.49 points to 37.18.

Rising stocks outnumbered declining ones on the Amsterdam Stock Exchange by 120 to 58 and 6 ended unchanged.

Shares in ArcelorMittal SA (AS:ISPA) rose to 52-week highs; gaining 4.98% or 0.374 to 7.883.

The AEX Volatility, which measures the implied volatility of AEX options, was down 0.99% to 15.96 a new 1-month low.

Crude oil for January delivery was down 1.51% or 0.77 to $50.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.09% or 0.59 to hit $53.34 a barrel, while the February Gold contract rose 0.73% or 8.50 to trade at $1178.60 a troy ounce.

EUR/USD was up 0.33% to 1.0753, while EUR/GBP rose 0.95% to 0.8532.

The US Dollar Index was down 0.22% at 100.29.

Read More

Russia stocks higher at close of trade; MICEX up 0.38%

Investing.com – Russia stocks were higher after the close on Wednesday, as gains in the Mining, Power and Telecoms sectors led shares higher.

At the close in Moscow, the MICEX gained 0.38% to hit a new all time high.

The best performers of the session on the MICEX were Gruppa LSR PAO (MCX:LSRG), which rose 3.39% or 32.0 points to trade at 977.0 at the close. Meanwhile, NLMK ao (MCX:NLMK) added 3.26% or 3.81 points to end at 120.51 and United Company Rusal Plc (MCX:RUAL) was up 2.91% or 0.830 points to 29.370 in late trade.

The worst performers of the session were ALROSA ao (MCX:ALRS), which fell 2.11% or 1.970 points to trade at 91.260 at the close. RusHydro JSC (MCX:HYDR) declined 1.69% or 0.0160 points to end at 0.9290 and Verhnesald MPO (MCX:VSMO) was down 1.65% or 230.0 points to 13720.0.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 123 to 99 and 21 ended unchanged.

Shares in Gruppa LSR PAO (MCX:LSRG) rose to 5-year highs; up 3.39% or 32.0 to 977.0. Shares in United Company Rusal Plc (MCX:RUAL) rose to 52-week highs; gaining 2.91% or 0.830 to 29.370.

The Russian VIX, which measures the implied volatility of MICEX options, was up 7.91% to 25.640.

Gold for February delivery was up 0.74% or 8.65 to $1178.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.51% or 0.77 to hit $50.16 a barrel, while the February Brent oil contract fell 1.09% or 0.59 to trade at $53.34 a barrel.

USD/RUB was down 0.30% to 63.6875, while EUR/RUB rose 0.07% to 68.487.

The US Dollar Index was down 0.22% at 100.29.

Read More

Finland stocks higher at close of trade; OMX Helsinki 25 up 2.03%

Investing.com – Finland stocks were higher after the close on Wednesday, as gains in the Financials, Technology and Telecoms sectors led shares higher.

At the close in Helsinki, the OMX Helsinki 25 rose 2.03% to hit a new 52-week high.

The best performers of the session on the OMX Helsinki 25 were Sampo Oyj A (HE:SAMPO), which rose 4.86% or 2.03 points to trade at 43.81 at the close. Meanwhile, Nokia Oyj (HE:NOKIA) added 4.42% or 0.182 points to end at 4.302 and Telia Company AB (HE:TELIA1) was up 4.24% or 0.148 points to 3.638 in late trade.

The worst performers of the session were Valmt (HE:VALMT), which fell 0.90% or 0.13 points to trade at 14.33 at the close. Fortum Oyj (HE:FUM1V) declined 0.37% or 0.05 points to end at 13.64 and KONE Oyj (HE:KNEBV) was down 0.22% or 0.09 points to 41.15.

Rising stocks outnumbered declining ones on the Helsinki Stock Exchange by 132 to 55 and 11 ended unchanged.

Brent oil for February delivery was down 1.17% or 0.63 to $53.30 a barrel. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.59% or 0.81 to hit $50.12 a barrel, while the February Gold contract rose 0.70% or 8.15 to trade at $1178.25 a troy ounce.

EUR/USD was up 0.33% to 1.0753, while EUR/GBP rose 0.95% to 0.8532.

The US Dollar Index was down 0.23% at 100.28.

Read More

Belgium stocks higher at close of trade; BEL 20 up 0.17%

Investing.com – Belgium stocks were higher after the close on Wednesday, as gains in the Industrials, Basic Materials and Utilities sectors led shares higher.

At the close in Brussels, the BEL 20 rose 0.17%.

The best performers of the session on the BEL 20 were Ageas (BR:AGES), which rose 2.29% or 0.830 points to trade at 37.025 at the close. Meanwhile, Solvay SA (BR:SOLB) added 2.12% or 2.30 points to end at 110.55 and NV Bekaert SA (BR:BEKB) was up 1.94% or 0.78 points to 40.71 in late trade.

The worst performers of the session were ING Groep NV (AS:INGA), which fell 4.97% or 0.670 points to trade at 12.815 at the close. Galapagos NV (AS:GLPG) declined 2.46% or 1.370 points to end at 54.410 and KBC (BR:KBC) was down 1.78% or 1.070 points to 58.930.

Rising stocks outnumbered declining ones on the Brussels Stock Exchange by 92 to 56 and 15 ended unchanged.

Shares in Solvay SA (BR:SOLB) rose to 52-week highs; up 2.12% or 2.30 to 110.55.

Gold for February delivery was up 0.67% or 7.85 to $1177.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.51% or 0.77 to hit $50.16 a barrel, while the February Brent oil contract fell 1.11% or 0.60 to trade at $53.33 a barrel.

EUR/USD was up 0.31% to 1.0751, while EUR/GBP rose 0.93% to 0.8531.

The US Dollar Index was down 0.21% at 100.30.

Read More

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 1.79%

Investing.com – U.K. stocks were higher after the close on Wednesday, as gains in the Industrial Metals&Mining, Mining and Automobiles&Parts sectors led shares higher.

At the close in London, the Investing.com United Kingdom 100 added 1.79% to hit a new 1-month high.

The best performers of the session on the Investing.com United Kingdom 100 were Rio Tinto PLC (LON:RIO), which rose 6.62% or 200.000 points to trade at 3221.500 at the close. Meanwhile, Anglo American PLC (LON:AAL) added 4.81% or 57.50 points to end at 1252.00 and International Consolidated Airlines Group S.A. (LON:ICAG) was up 4.77% or 19.80 points to 434.70 in late trade.

The worst performers of the session were Shire PLC (LON:SHP), which fell 4.47% or 204.00 points to trade at 4357.00 at the close. WPP PLC (LON:WPP) declined 2.77% or 47.00 points to end at 1647.00 and Pearson PLC (LON:PSON) was down 1.07% or 8.50 points to 784.50.

Rising stocks outnumbered declining ones on the London Stock Exchange by 1610 to 732 and 400 ended unchanged.

Shares in Rio Tinto PLC (LON:RIO) rose to 52-week highs; gaining 6.62% or 200.000 to 3221.500.

Gold for February delivery was up 0.65% or 7.60 to $1177.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.43% or 0.73 to hit $50.20 a barrel, while the February Brent oil contract fell 1.04% or 0.56 to trade at $53.37 a barrel.

GBP/USD was down 0.65% to 1.2597, while EUR/GBP rose 0.99% to 0.8536.

The US Dollar Index was down 0.21% at 100.30.

Read More

Germany stocks higher at close of trade; DAX up 1.96%

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Basic Resources, Construction and Chemicals sectors led shares higher.

At the close in Frankfurt, the DAX gained 1.96% to hit a new 52-week high, while the MDAX index climbed 1.48%, and the TecDAX index climbed 1.06%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 6.65% or 1.465 points to trade at 23.500 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 5.40% or 0.890 points to end at 17.380 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 4.61% or 5.600 points to 127.000 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 2.64% or 0.315 points to trade at 11.605 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 1.23% or 0.920 points to end at 73.990 and Merck KGaA (DE:MRCG) was down 0.73% or 0.680 points to 91.940.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 9.45% to 4.79, Schaeffler AG Pref (DE:SHA_p) which was up 5.20% to settle at 13.06 and Evonik Industries AG (DE:EVKn) which gained 4.71% to close at 27.705.

The worst performers were Hochtief AG (DE:HOTG) which was down 2.63% to 133.200 in late trade, Airbus Group SE (F:AIRG) which lost 1.48% to settle at 58.709 and Rhoen Klinikum AG (DE:RHKG) which was down 1.07% to 24.930 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 6.42% to 44.660, Adva Optical Networking SE (DE:ADAG) which was up 4.97% to settle at 7.579 and Drillisch AG (DE:DRIG) which gained 4.52% to close at 37.340.

The worst performers were GFT Technologies AG (DE:GFTG) which was down 1.61% to 18.645 in late trade, Software AG O.N. (DE:SOWG) which lost 1.07% to settle at 32.260 and CompuGroup Medical AG O.N. (DE:COPMa) which was down 0.84% to 37.965 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 623 to 287 and 31 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) rose to 52-week highs; rising 6.65% or 1.465 to 23.500. Shares in Siltronic AG (DE:WAFGn) rose to all time highs; gaining 6.42% or 2.695 to 44.660.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.19% to 16.43 a new 1-month low.

Gold for February delivery was up 0.64% or 7.45 to $1177.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.39% or 0.71 to hit $50.22 a barrel, while the February Brent oil contract fell 1.02% or 0.55 to trade at $53.38 a barrel.

EUR/USD was up 0.33% to 1.0753, while EUR/GBP rose 1.01% to 0.8537.

The US Dollar Index was down 0.22% at 100.29.

Read More

Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.79%

Investing.com – Sweden stocks were higher after the close on Wednesday, as gains in the Telecoms, Basic Materials and Consumer Services sectors led shares higher.

At the close in Stockholm, the OMX Stockholm 30 rose 0.79% to hit a new 52-week high.

The best performers of the session on the OMX Stockholm 30 were SSAB AB ser. A (ST:SSABa), which rose 3.78% or 1.39 points to trade at 38.20 at the close. Meanwhile, Telia Company AB (ST:TELIA) added 3.31% or 1.14 points to end at 35.53 and Fingerprint Cards AB ser. B (ST:FINGb) was up 2.45% or 1.80 points to 75.25 in late trade.

The worst performers of the session were AstraZeneca PLC (ST:AZN), which fell 1.83% or 8.7 points to trade at 466.9 at the close. ASSA ABLOY AB ser. B (ST:ASSAb) declined 1.27% or 2.1 points to end at 163.9 and ABB Ltd (ST:ABB) was down 0.68% or 1.3 points to 190.4.

Rising stocks outnumbered declining ones on the Stockholm Stock Exchange by 320 to 297 and 57 ended unchanged.

Shares in SSAB AB ser. A (ST:SSABa) rose to 52-week highs; gaining 3.78% or 1.39 to 38.20.

Crude oil for January delivery was down 1.77% or 0.90 to $50.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.37% or 0.74 to hit $53.19 a barrel, while the February Gold contract rose 0.75% or 8.75 to trade at $1178.85 a troy ounce.

EUR/SEK was down 0.13% to 9.7692, while USD/SEK fell 0.49% to 9.0827.

The US Dollar Index was down 0.24% at 100.27.

Read More

Morocco stocks higher at close of trade; Moroccan All Shares up 0.50%

Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Forestry&Paper, Mining and Real Estate sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.50%.

The best performers of the session on the Moroccan All Shares were Timar (CS:TIM), which rose 5.99% or 17.75 points to trade at 314.25 at the close. Meanwhile, Managem (CS:MNG) added 4.59% or 40 points to end at 910 and Med Paper (CS:PAP) was up 4.10% or 0.80 points to 20.32 in late trade.

The worst performers of the session were Cartier Saada (CS:CRS), which fell 5.56% or 1.15 points to trade at 19.54 at the close. S2M (CS:S2M) declined 4.82% or 10.45 points to end at 206.55 and Delattre Levivier Maroc (CS:DLM) was down 3.77% or 7.10 points to 181.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 21 to 15 and 8 ended unchanged.

Crude oil for January delivery was down 1.79% or 0.91 to $50.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.37% or 0.74 to hit $53.19 a barrel, while the February Gold contract rose 0.75% or 8.75 to trade at $1178.85 a troy ounce.

EUR/MAD was down 0.09% to 10.7320, while USD/MAD fell 0.45% to 9.9760.

The US Dollar Index was down 0.24% at 100.27.

Read More

Greece stocks higher at close of trade; Athens General-Composite up 2.87%

Investing.com – Greece stocks were higher after the close on Wednesday, as gains in the Banking, Retail and Construction sectors led shares higher.

At the close in Athens, the Athens General-Composite gained 2.87% to hit a new 6-months high.

The best performers of the session on the Athens General-Composite were Piraeus Bank SA (AT:BOPr), which rose 12.32% or 0.025 points to trade at 0.228 at the close. Meanwhile, Elliniki Technodomiki Anemos SA (AT:ANEMr) added 6.89% or 0.058 points to end at 0.900 and Autohellas (AT:AUTr) was up 6.48% or 0.79 points to 12.99 in late trade.

The worst performers of the session were Centric Hold (AT:DESr), which fell 12.50% or 0.015 points to trade at 0.106 at the close. Select Textile (AT:EPIr) declined 5.95% or 0.010 points to end at 0.158 and Kri-Kri Milk (AT:KRIr) was down 2.72% or 0.050 points to 1.790.

Rising stocks outnumbered declining ones on the Athens Stock Exchange by 65 to 38 and 17 ended unchanged.

Shares in Elliniki Technodomiki Anemos SA (AT:ANEMr) rose to 52-week highs; up 6.89% or 0.058 to 0.900. Shares in Autohellas (AT:AUTr) rose to 5-year highs; up 6.48% or 0.79 to 12.99.

Gold for February delivery was up 0.76% or 8.85 to $1178.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.06% or 0.54 to hit $50.39 a barrel, while the February Brent oil contract fell 0.69% or 0.37 to trade at $53.56 a barrel.

EUR/USD was up 0.45% to 1.0766, while EUR/GBP rose 1.10% to 0.8545.

The US Dollar Index was down 0.30% at 100.21.

Read More

Turkey stocks higher at close of trade; BIST 100 up 0.79%

Investing.com – Turkey stocks were higher after the close on Wednesday, as gains in the Insurance, Banking and Wholesale&Retail Trade sectors led shares higher.

At the close in Istanbul, the BIST 100 rose 0.79%.

The best performers of the session on the BIST 100 were Trabzonspor Sportif (IS:TSPOR), which rose 6.48% or 0.190 points to trade at 3.120 at the close. Meanwhile, Odas Elektrik (IS:ODAS) added 4.75% or 0.340 points to end at 7.500 and Do-Co (IS:DOCO) was up 4.21% or 8.60 points to 213.10 in late trade.

The worst performers of the session were Besiktas Futbol Yat. (IS:BJKAS), which fell 4.65% or 0.200 points to trade at 4.100 at the close. Petkim (IS:PETKM) declined 1.63% or 0.060 points to end at 3.620 and Eczacibasi Ilac (IS:ECILC) was down 1.63% or 0.050 points to 3.010.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 206 to 133 and 67 ended unchanged.

Gold for February delivery was up 0.76% or 8.95 to $1179.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.51% or 0.77 to hit $50.16 a barrel, while the February Brent oil contract fell 1.08% or 0.58 to trade at $53.35 a barrel.

USD/TRY was down 1.87% to 3.3815, while EUR/TRY fell 1.45% to 3.6406.

The US Dollar Index was down 0.28% at 100.23.

Read More

Israel stocks lower at close of trade; TA 25 down 0.33%

Investing.com – Israel stocks were lower after the close on Wednesday, as losses in the Banking, Financials and Insurance sectors led shares lower.

At the close in Tel Aviv, the TA 25 lost 0.33%.

The best performers of the session on the TA 25 were Ormat Technologies (TA:ORA), which rose 1.43% or 260 points to trade at 18480 at the close. Meanwhile, Gazit Globe (TA:GZT) added 1.35% or 46 points to end at 3456 and OPKO Health Inc (TA:OPK) was up 1.27% or 53 points to 4235 in late trade.

The worst performers of the session were Mylan NV (TA:MYL), which fell 2.94% or 390 points to trade at 12870 at the close. Teva (TA:TEVA) declined 1.50% or 200 points to end at 13160 and Poalim (TA:POLI) was down 1.16% or 27 points to 2306.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 184 to 170 and 88 ended unchanged.

Shares in Mylan NV (TA:MYL) fell to all time lows; losing 2.94% or 390 to 12870. Shares in Teva (TA:TEVA) fell to 3-years lows; losing 1.50% or 200 to 13160.

Crude oil for January delivery was down 1.55% or 0.79 to $50.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.09% or 0.59 to hit $53.34 a barrel, while the February Gold contract rose 0.87% or 10.15 to trade at $1180.25 a troy ounce.

USD/ILS was down 0.51% to 3.7964, while EUR/ILS fell 0.19% to 4.0865.

The US Dollar Index was down 0.32% at 100.19.

Read More

Dollar loses ground vs. other majors

Investing.com - The dollar moved lower against the other majors currencies on Wednesday, but the greenback remained broadly supported as investors eyed the European Central Bank’s policy meeting on Thursday and the highly-anticipated Federal Reserve policy decision due next week.

EUR/USD gained 0.41% to 1.0762.

Markets were still recovering after Italian voters rejected on Sunday constitutional changes backed by the government and the subsequent resignation of Prime Minister Matteo Renzi.

However there were indications that Italy would not hold early elections after Renzi’s resignation, with many analysts thinking it more likely that a caretaker government will be put in place until an election in 2018.

Meanwhile, the greenback remained broadly supported after Friday’s solid U.S. jobs report for November confirmed expectations for an interest rate hike by the Federal Reserve this month.

Elsewhere, GBP/USD declined 0.50% to trade at 1.2615 after data showed that U.K. manufacturing production fell 0.9% in October, disappointing expectations for a 0.2% rise and after a 0.6% increase the previous month.

Industrial production declined by 1.3% in October, also confounding expectations for an uptick of 0.2%.

The pound had rallied to nine-week highs on Tuesday after Chancellor Philip Hammond said the British government would not rule out the possibility of continuing to make payments into the European Union budget after Brexit in order to retain access to the single market.

USD/JPY slipped 0.27% to 113.71, while USD/CHF shedding 0.30% to 1.0075.

The Australian and New Zealand dollars were higher, with AUD/USD up 0.16% at 0.7472 and with NZD/USD climbing 0.52% to 0.7157.

Earlier Wednesday, the Australian Bureau of Statistics said the country’s gross domestic product fell 0.5% in the third quarter, confounding expectations for a 0.3% rise.

Year-on-year, Australia’s GDP increased by 1.8% in the three months to September, compared to expectations for a 2.5% rise.

Meanwhile, USD/CAD eased 0.08% to 1.3266 after the Bank of Canada said it was leaving its overnight cash rate unchanged at a record low 0.50%, where it has been since July 2015, in a widely expected move.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.26% at 100.25.

Read More

U.S. Gasoline Inventories 3.425M vs. 1.948M forecast

U.S. gasoline inventories rose more-than-expected in the last quarter, official data showed on Wednesday.

In a report, US Energy Information Administration said that U.S. Gasoline Inventories rose to a seasonally adjusted annual rate of 3.425M, from 2.097M in the preceding quarter.

Analysts had expected U.S. Gasoline Inventories to rise 1.948M in the last quarter.
Read More

Wall St mixed as investors pause for thought

Investing.com - U.S. stocks were mixed early Wednesday as investors paused for thought on Trump rally.
The DJI was up 0.03% at 10:00 ET, while the S&P 500 shed 0.14%.
The tech-heavy Nasdaq composite was down 0.48%.
Investors are looking to see if the recent rally has more room to run.
Oil renewed its falls as investors await talks between OPEC and non-OPEC producers on output.
The U.S. 10-year Treasury yield fell to the 2.36% mark.

Read More

USD/CAD edges lower after BoC holds

Investing.com - The U.S. dollar edged lower against its Canadian counterpart on Wednesday, after the Bank of Canada left interest rates unchanged, although mounting expectations for an upcoming U.S. rate hike continued to lend support to the greenback.

USD/CAD hit 1.3263 during early U.S. trade, the session low; the pair subsequently consolidated at 1.3264, easing 0.08%.

The pair was likely to find support at 1.3230, the low of December 5 and a one-and-a half month low and resistance at 1.3357, the high of December 5.

In a widely expected move, the BoC said it was leaving its overnight cash rate unchanged at a record low 0.50%, where it has been since July 2015.

But the commodity-related Canadian dollar’s gains were capped by declining oil prices on Wednesday, amid concerns over hurdles facing the Organization of the Petroleum Exporting Countries’ planned output cut.

Meanwhile, the greenback remained broadly supported after Friday’s solid U.S. jobs report for November confirmed expectations for an interest rate hike by the Federal Reserve this month.

The loonie was lower against the euro, with EUR/CAD adding 0.17% to 1.4256.

Read More

Promising U.S. stock sectors in 2017

Investing.com - Market sector rotation favors value stocks over growth stocks.

Based on ETF sector chart analysis here are some of the most promising plays next year.

Dow Jones Automobiles & Parts has traded above 300 for 3 weeks. Breaking out of 18-month downturn.

(NYSE:Dynamic Building & Construction) poised to switch from lagging to leading sector.

Dow Jones Industrial Machinery well placed to remain in profit. Sector more volatile.

Toys sector sees long-term upward momentum as Dow Jones Toys indicates.

Resistance turns to support on the (NYSE:First Trust ISE Water).

Read More

Dollar holds steady with central banks in focus

Investing.com - The dollar held steady against the other majors currencies on Wednesday, as investors remained cautious ahead of the European Central Bank’s policy meeting on Thursday and the highly-anticipated Federal Reserve policy decision due next week.

EUR/USD edged up 0.11% to 1.0731.

Markets were still recovering after Italian voters rejected on Sunday constitutional changes backed by the government and the subsequent resignation of Prime Minister Matteo Renzi.

However there were indications that Italy would not hold early elections after Renzi’s resignation, with many analysts thinking it more likely that a caretaker government will be put in place until an election in 2018.

Meanwhile, the greenback remained broadly supported after Friday’s solid U.S. jobs report for November confirmed expectations for an interest rate hike by the Federal Reserve this month.

Elsewhere, GBP/USD declined 0.51% to trade at 1.2613 after data showed that U.K. manufacturing production fell 0.9% in October, disappointing expectations for a 0.2% rise and after a 0.6% increase the previous month.

Industrial production declined by 1.3% in October, also confounding expectations for an uptick of 0.2%.

The pound had rallied to nine-week highs on Tuesday after Chancellor Philip Hammond said the British government would not rule out the possibility of continuing to make payments into the European Union budget after Brexit in order to retain access to the single market.

USD/JPY was little changed at 114.07, while USD/CHF eased 0.10% to 1.0094.

The Australian dollar was weaker, with AUD/USD down 0.17% at 0.7447, while NZD/USD gained 0.35% to 0.7144.

Earlier Wednesday, the Australian Bureau of Statistics said the country’s gross domestic product fell 0.5% in the third quarter, confounding expectations for a 0.3% rise.

Year-on-year, Australia’s GDP increased by 1.8% in the three months to September, compared to expectations for a 2.5% rise.

Meanwhile, USD/CAD held steady at 1.3274, as investors awaited the Bank of Canada’s interest rate decision due later in the day.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 101.49.

Read More

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.43%

Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Energy&Utilities, Petrochemicals and Insurance sectors led shares lower.

At the close in Saudi Arabia, the Tadawul All Share fell 0.43%.

The best performers of the session on the Tadawul All Share were Saudi Fisheries Co. (SE:6050), which rose 10.16% or 1.25 points to trade at 13.55 at the close. Meanwhile, United Electronics Company (SE:4003) added 9.76% or 2.40 points to end at 27.00 and Ash-Sharqiyah Development Company (SE:6060) was up 8.93% or 4.00 points to 48.80 in late trade.

The worst performers of the session were United Cooperative Assurance Co (SE:8190), which fell 3.82% or 0.50 points to trade at 12.60 at the close. Saudi United Cooperative Insurance (SE:8060) declined 3.22% or 0.65 points to end at 19.55 and ACE ARABIA COOPERATIVE INSURANCE (SE:8240) was down 3.00% or 1.30 points to 42.00.

Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 80 to 61 and 28 ended unchanged.

Crude oil for January delivery was down 0.63% or 0.32 to $50.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.63% or 0.34 to hit $53.59 a barrel, while the February Gold contract rose 0.44% or 5.15 to trade at $1175.25 a troy ounce.

EUR/SAR was up 0.14% to 4.0260, while USD/SAR fell 0.00% to 3.7506.

The US Dollar Index was down 0.01% at 100.50.

Read More

Trade On The Go

Trade on your smartphone or tablet with our brand new mobile trading app. Never again miss the opportunity to earn when you are not at home. Access your account information, investment portfolio and market analysis at any time. Download the free A3 Trading app now.

Why Trade Online?

Online trading is absolutely the best way to earn significant profits from investment in the short term. All you need to get started is an internet connection and the desire to learn how to trade. Unlike other forms of investment, you don't need large amounts of money to get started. You can start with as little as $200.

Start Now