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Trading Opportunities For Thursday, May 4
With Services PMI numbers coming out of the United Kingdom and Germany during the day, we could get a bit of volatility during the European trading session.
Gold Falls To 3-Week Low Ahead Of Fed Meeting
Gold fell to a three-week low on Tuesday ahead of the Federal Reserve meeting. Gold closed lower by 0.05% to $1,255.70 per ounce.
Oil Closes Lower As Libya Ramps Up Production
Oil was pressured lower because Libya revealed a very large increase in stockpiles. This week the National Oil Corporation, which is the country’s oil council, stated that its production levels breached 760,000 barrels a day.
The Greenback Vs The Loonie
As one of the more stable currency pairs in the world, the USD/CAD typically fluctuates around commodities like crude oil prices on the Canadian end, and Fed interest rate decisions, the DXY, and economic data releases on the US end.
Daily Trading Opportunities - Wednesday, May 3
On a day that has several announcements coming out, this could be very volatile. The most important one is the ADP Employment Change numbers coming out of the United States as it is a harbinger of the Nonfarm Payroll numbers coming out on Friday.
Top 4 Financial Assets To Trade This Week – 05/01/2017
The Nasdaq 100 index is currently trading at 6,047.61, down 0.02% or 1.33 points. The year to date return on the tech-heavy index is 12.34%, but the 1-year return is an impressive 28.26%.
Daily Trading Opportunities - Monday, May 1
During the session on Monday, we get several announcements that can move the markets, most of which are based around the United States.
Economic Events Of The Coming Week - Sunday, April 30
On Wednesday, the Fed is scheduled to make a rate announcement, though not having a press conference makes markets price-in a mere 13% change for a hike on this one. An earnings release is due by Facebook and Tesla.
Market In-Review: Earnings Season Full Throttles
The Nasdaq proved quite a gainer this week breaking the 6,000 point mark on Tuesday. Microsoft, Amazon and Alphabet’s beating of the analyst consensus on their Q1 earnings, released on Thursday, pushed the Nasdaq to a fresh all-time-high of 6074.
Oil Closes Lower On Libya Oil Fields Starting Production
The biggest reason for oil prices falling was because of Libya restarting production in two key oil fields. The two oil fields in question are the Sharara and El Feel.
Daily Trading Opportunities - Friday, April 28
Gold markets chopped around during the Thursday session, as the $1260 level offered a significant amount of support for the market, showing signs of resiliency. If we break down below the $1240 level, then that would change the overall trend.
Trading Apple Ahead Of Earnings
Apple is set to report second-quarter earnings this coming Tuesday. The drop in demand for the iPhone business will hit the quarter hard. The forecast for the next few quarters might come in weaker than expected as well.
Gold Price Plunges As Wall Street Indices Soar
The nominal price of gold is largely irrelevant for a binary options gold trader. What is important is the direction of price movement of the precious metal. Recent geopolitical events have spooked investors, and this led to a surge in gold demand.
Daily Trading Opportunities - Thursday, April 26
During the session on Wednesday, we get a handful of announcements that could move the marketplace. Of most interest will, of course, be the Crude Oil Inventories announcement considering how soft oil has been over the last several sessions.
General Motors Loses Supreme Court Battle Over Ignition Switches
As a result of the faulty switch there were 124 deaths and 275 injuries. How does this ruling affect General Motor’s stock? The main issues is that there are slated to be an additional 1,000 or more lawsuits against the company.
Daily Trading Opportunities - Tuesday, April 25
During the session on Tuesday, we get CB Consumer Confidence numbers, New Home Sales, and a few other lower level types of announcements. Because of this, we believe that a lot of focus will be on the United States.
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