Latest Day Trading Market News
Delphi shares drop in first-day trading
Shares of Delphi Automotive dropped in first-day trading after its initial public offering, highlighting the difficulty the car components-maker has faced in returning to the public markets. The $ 530m IPO was priced at $ 22 on Wednesday night, …
Read more on Financial Times
Angie's List Finishes First Trading Day Up 25%
Like Groupon, the company is not profitable and has focused on growing its membership by ramping up marketing expenses. Analysts had expected Angie's List to do well on the first day, but were less certain about future performance. …
Read more on Wall Street Journal
E-Mini S&P 500: Euro gloom looms over market!
E-Mini S&P 500: Euro gloom looms over market!
by DeWayne Reeves of CFRN The E-Mini S&P 500 again let the gloom emanating from the series of events in the Euro Zone steer the market lower. Much of what we are seeing is lighter trading in choppy conditions where traders have difficulty with the …
Read more on Inside Futures
S&P 500 E-mini chart = Pennant becoming tighter
by Layne Hermansen The S&P 500 e-mini chart pennant pattern is becoming tighter. It tested the lower trendline and RSI 50 support during the evening hours and bounced up from this technical support for Thursday at 1225 3/4. Currently at 1238+ at 3:20 …
Read more on Inside Futures
The E-mini S&P 500 gave back most of Friday's gains yesterday
by Amplify Trading Team – Amplify Trading | View company's profile Review The E-mini S&P 500 gave back most of Friday's gains yesterday as peripheral spreads widened once again with Spain's 10-year yields over the German Bund reaching a euro-lifetime …
Read more on FXstreet.com
Where Next For The Crude Oil Futures Market?
Every Wednesday the US government releases the latest oil inventory numbers and the recent figures have not been good for those speculating on a rise in prices. The weekly Energy Information Administration (EIA) reports have been showing rises in stockpiles.
The most recent report showed that crude oil inventories rose by 0.97m barrels to 358.3m barrels. Gasoline stockpiles also increased, the latest data showed a jump of 1.59m barrels to 226.1m barrels.
Whilst the figures were unexceptional they were unexpected. Financial news agency, Bloomberg had reported that inventory levels had been expected to drop due to the 8 day shutdown of the Enbridge Energy pipeline, ie the pipelines that supplies Canadian oil to Americas Mid-West.
Buy what does this mean for the crude oil markets? According to Simon Denham of Financial Spread, We can see that the irresistible attraction of per barrel seems to be working its magic once again. Following the pattern of the past few years, the November futures contract was higher than October. Once again we can see that long-term sellers are picking up this per month price difference.
In the futures markets, this upward sloping price curve is called a contango and so far in 2010 the contango has given us more than to the bottom line. If you were spread trading with a rolling sell position held since January, you would effectively be short of the crude oil market at . With the price hovering around that would be a good position to have. Although you would need deep pockets to cover the volatility that that crude oil market often experiences.
Looking at the technical indications, at some point crude may break above the / level, having said that, do not hold your breath. As discussed above, inventories remain solid and fuel efficiency is ever improving.
For all of the growth of the world economies over the last 5 years, it is important to realise that oil production has actually fallen and yet there has been no massive strain on prices.
Given that both Brent Crude Oil and US Crude Oil (also known as Light Crude and Nymex) are priced in US dollars any weakness in the dollar will often translate into higher oil prices. And its the current dollar weakness that seems to be supporting the oil futures market.
According to Christopher Beauchamp of IG Markets, The US Federal Reserves Open Market Committee has intimated that Americas slowing inflation and sluggish growth might require further action from the US Government. That action could start as early as November 2010 and would be likely to weaken the dollar.
Although if you are trading the crude oil market note that the next price direction may not be that easy to read. The increase in supply arising from the slowing American economy stands in sharp contrast to robust consumption levels in emerging markets, Chinese demand for oil expanded by 7.6% in August 2010.
Note the spread trading carries a high level of risk and you can lose more than your initial investment. Before trading, please ensure that spread trading matches your investment objectives. Familiarise yourself with the risks that are involved. Seek independent advice if necessary.
The author is a seasoned financial author offering strategic and tactical trading views for some of the leading spread betting companies.
Weekly Technical analysis of Commodity futures market using Ichimoku 3-20-11 Corn,Oil,Wheat,Gold
Weekly Ichimoku Technical analysis for the Commodity Future Market. We analyze various commodity futures to determine what the sentiment for the market is as well as checking to see if a trend is occurring. If you are a day trader, swing trader, long term trader, etc, watch this video! You can follow us on twitter at kumotrader. A lot of commodity futures are bullish trending right now. Watch to see which ones and if they are ready to enter. Follow us on twitter @ ichimokutrading.
Video Rating: 5 / 5
Market poised for more selling pressure, with caveats
Market poised for more selling pressure, with caveats
Failure of Cumulative Volume in S&P 500 and S&P Emini to better mid-August indicator resistance is an indication weaker hands have been fueling buying for past month. Price action and volume since August lows is consistent with bear move retracement. …
Read more on Futures Magazine
Stock Market News for September 8, 2011
Stock Market News for September 8, 2011
Additionally, the Federal Reserve's Beige Book reported an improvement in economic activity which comes as welcome news amidst the gloom and helped the three benchmarks to gain over 2%. The benchmarks enjoyed their first positive session of trading in …
Read more on Zacks.com
Stocks Moving Sharply Higher On Easing Economic Concerns – U.S. Commentary
Later in the day, trading could be impacted by the release of the Federal Reserve's Beige Book. The report, a compilation of anecdotal evidence on economic conditions from each of the twelve Fed districts, is due to be released at 2 pm ET. …
Read more on RTT News
Nikkei pulls away from 6-mth low; foreigners less bearish
Some 1.46 billion shares traded on the main board, compared to last week's average daily trading volume of 1.81 billion shares. Weekly data showed foreigners were net sellers of Japanese stocks to the tune of 87.7 billion yen in the week ending Sept 3, …
Read more on Reuters
Latest Emini Market News
Stock market up, but resistance looms at Aug. 31 high
Failure of Cumulative Volume in S&P 500 and S&P Emini to better mid-August indicator resistance is an indication weaker hands have been fueling buying. Price action and volume are consistent with bear move retracement. Any strength that develops should …
Read more on Futures Magazine
Market action consistent with bear market retracement
Considering statistical damage incurred by stock market into and during recent market decline, we suspect bullish case will be increasingly difficult to justify. Since CV remains weak in both the S&P 500 index and the S&P Emini contract with the latter …
Read more on Futures Magazine
Asian markets continue yesterday's decline
by Trade The News Staff – TradeTheNews.com | View company's profile – Asian markets continue yesterday's decline, US markets were closed for a holiday with Sept emini S&P500 indicating a weak open. European markets overnight saw the Dax fall 5.3% and …
Read more on FXstreet.com
Market Observations: Stocks, Gold, Euro Area Charts
Market Observations: Stocks, Gold, Euro Area Charts
If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit …
Read more on Seeking Alpha
10 Questions With NDP Candidate Elaine MacDonald
The HST has suppressed the buying power of people, added substantial burden to the cost of daily household essentials and not given anything back in return: no greater educational advantage, no greater healthcare benefit, no accelerated paying down of …
Read more on Seaway News
EON to Cut Up to 11000 Jobs in Bid to Rein in Costs After Nuclear Exit
EON dropped 1.705 euros, or 11 percent, to 13.82 euros in Frankfurt trading, the biggest one-day decline since the shares started trading in August 1992. The utility plans to cut 9000 to 11000 jobs to counter falling earnings and reduce spending by 1.5 …
Read more on Bloomberg
Forex Market Strategies – Learn World Trading
Forex market is one of the world’s biggest financial markets that made drastic impact to many traders. Implementation of electronic methods progressively augments, so diverse selection of latest technology in executing a trade has lowered transaction costs and increased market liquidity. Buyers and sellers from across the world at financial centers participate in trading activity, producing business opportunity by exchanging one currency to another. With the advent of trading tools, Forex trading has made new dimension, letting traders to create innovative Forex market strategies and do the business online. It marks the beginning of a new approach to learn world trading.
Fortunately, I am one of those people who get involved Forex trading. I find the market profitable so I was so willing to learn the whole market set up. I had to understand every thing pertaining to Forex and avoid chances of losing money before I started the trading business and become a currency trader.
Who participates in Forex Market?
Prior to entering the real-time market, I was offered some more trainings and advice which I accepted. Since FX market is one of the major financial markets in the world with high volume of liquidity, I opted to join Forex market (FX, currency). This market includes various participants such as banks, commercial companies, central banks, Forex fixing, hedge funds, investment management companies, retail foreign exchange brokers, non-bank foreign exchange firms and money-transfer or remittance group. The standard volume of global FX and related markets is incessantly progressive.
Why did I choose Forex?
I chose Forex primarily because of its extreme market liquidity. There are many different traders in FX that made me find it so challenging. I can trade 24 hours a day except during weekends and start with low margin. “Margin”, is the he sum of money you are required “to pay” the broker before you enter a trade, and the total amount of it will be according on the size of the trade you are willing to handle.
Aside from these, I can use leverage. Leverage involves borrowing certain amount of the money needed to invest in something which is usually borrowed from a broker. Forex trading proposes great leverage because a trader can put up – and manage – a massive amount of money for an initial margin requirement.
What is my Forex Trading System?
A successful Forex trading system must be easy to follow. You don’t have to get complex trading system with too many rules. The truth is, simple systems work better than complicated ones, and they have higher opportunities for profits despite of the “wicked” quality of Forex trading. There are two factors you need to reflect on when acquiring for an effective Forex trading strategy. First, you have to consider that every time you trade 1 dollar, you are expecting to get 2 dollars in return. The other one is to ensure that you get reliable program source that can absolutely become accessible in time of queries and troubleshooting.
With regards to my trading system, I can customize my trading skills in maximum potential by modifying what I want in the system. I used the system I had from my previous coaches and contractors, and as a matter of fact, still using the same system with upgraded version. I am still happy with the result though I must honestly say that I also had drawbacks. Nevertheless, to avoid such drawbacks that might cause inconvenience from the system I am using, I also get the best Forex trading system education and courses. Indeed, trading education is vital in creating financial choices because my success has been all started from the training courses that I have subscribed.
Written by Andrew Hely
Start Trading The Forex Market
That is larger than all US equity and Treasury markets combined!
Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.
Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.
The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.
Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency ¨the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.
Example: suppose you had 00 and bought Euros when the exchange rate was 1.50 Euros to the dollar. You would then have 1500 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.
Example:
You might see the following:
EUR/USD last trade 1.5000 means
One Euro is worth .50 US dollars.
The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.
The FOREX plays a vital role in the world economy and there will always be a tremendous need for the exchange of currencies. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Germany can sell products in the United States and be able to receive Euros in exchange for US Dollar.
RISK WARNING:
Risks of currency trading
Margined currency trading is an extremely risky form of investment and is only suitable for individuals and institutions capable of handling the potential losses it entails. An account with an broker allows you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity).The funds in an account that is trading at maximum leverage may be completely lost if the position(s) held in the account experiences even a one percent swing in value. Given the possibility of losing one’s entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that, if lost, will not significantly affect the investors financial well-being.
Written by Craig Estyfen
I love writing!!!