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  • U.S. January durable goods orders up 1.8%, core orders off 0.2%

    February 27, 2017, 01:57

    Investing.com - U.S. January durable goods orders rose more than expected, official data showed Monday.
    Orders were up 1.8% month-on-month in January.
    The Commerce Department revised the December figure to a fall of 0.8% from an initial fall of 0.5%.
    Analysts had expected durable goods to rise 1.7% in the first month of the year.
    Core durable orders were down 0.2% vs. a forecast rise of 0.5%.
    The December figure was revised to up 0.9% from an initial reading of a rise of 0.5%.

    Read More
  • Gold ticks down but holds near 3-1/2-month high ahead of busy week

    February 27, 2017, 01:47

    Investing.com - Gold prices edged lower during North American morning hours on Monday, holding near a three-and-a-half-month high as traders avoided taking strong positions before President Donald Trump’s address to Congress, a speech by Federal Reserve Chair Janet Yellen and important economic data this week.

    Comex gold futures dipped $2.35, or about 0.2%, to $1,255.95 a troy ounce by 8:45AM ET (13:45GMT), pulling back from the prior session's high of $1,261.20, a level not seen since November 10.

    Spot gold was also down around 0.2% to $1,255.20 per ounce.

    President Donald Trump will make his first major address to Congress on Tuesday. Investors are hopeful he will shed light on his economic agenda, most notably tax reform.

    Beyond tax reform, investors will be eager to learn more about Trump's plans for repealing the Affordable Care Act, reducing regulations on businesses and increasing infrastructure spending.

    Analysts warned that market sentiment could take a hit if Trump's plans look slow to execute or are overly vague.

    President Trump has been credited with being a major catalyst behind the stock market's impressive rally in recent weeks, although he has yet to outline his economic policies in detail.

    This week is also peppered with a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday, as investors look for further insight on interest rate hikes ahead of the central bank's March meeting.

    In addition, market players will keep an eye out on a revised reading of fourth-quarter U.S. growth data on Tuesday to gauge the strength of the economy.

    Besides the GDP report, this week's calendar also features U.S. data on durable goods orders on Monday, consumer confidence on Tuesday, personal consumption expenditures and ISM manufacturing on Wednesday, weekly jobless claims on Thursday followed by the ISM non-manufacturing survey on Friday.

    A recent string of solid data reinforced the view that the U.S. economy is sufficiently robust to warrant higher interest rates in the months ahead.

    Last week, minutes from the Fed's latest meeting showed policymakers thought it may be appropriate to raise interest rates again "fairly soon", although it gave no firm signal on the timing of its next rate move.

    Fed fund futures priced in about a 25% chance of a rate hike in March, according to Investing.com’s Fed Rate Monitor Tool. Odds of a May increase was seen at 52%, while June odds were at around 70%.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 101.08 in New York morning trade.

    Treasury yields inched higher after falling to a five-week low of 2.310% on Friday, with the U.S. 10-Year bond at around 2.340%.

    Also on the Comex, silver futures for May delivery was little changed at $18.40 a troy ounce after reaching $18.46 earlier, the highest since November 11.

    Meanwhile, platinum was up 0.7% to $1,036.05, while palladium gained 0.6% to $777.58 an ounce.

    Read More
  • U.S. natural gas sinks 5% amid lack of cold weather

    February 27, 2017, 01:15

    Investing.com - U.S. natural gas futures fell sharply on Monday, sliding back toward the lowest level since November as forecasts called for mostly warmer-than-normal weather in key regions across the U.S. for the rest of the winter.

    U.S. natural gas for April delivery dropped 10.6 cents, or around 3.8% to $2.681 per million British thermal units by 8:15AM ET (13:15GMT) after being down by nearly 5% earlier. Futures touched a three-and-a-half-month low of $2.522 last Wednesday.

    Prices of the heating fuel dropped 7% last week, taking its losses for the year to a whopping 30% amid forecasts for warm winter weather.

    Based on data from the National Oceanographic and Atmospheric Administration, this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average.

    About half of U.S. homes use natural gas for heating.

    Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 1 and 10 billion cubic feet in the week ended February 24.

    That compares with a withdrawal of 89 billion cubic feet in the preceding week, 48 billion a year earlier and a five-year average drop of 132 billion cubic feet.

    Total natural gas in storage currently stands at 2.356 trillion cubic feet, according to the U.S. Energy Information Administration, 2.5% lower than levels at this time a year ago and 6.6% above the five-year average for this time of year.

    Without significant demand for natural gas, inventories could stay near record levels and may even continue to pull prices even lower.

    Read More
  • Top 5 things to watch today

    February 27, 2017, 11:35

    Investing.com - Global stocks in holding pattern before Trump speech
    Dollar treads water ahead of busy week.
    Trump to meet with health insurers.
    Scottish referendum fears weigh on pound.
    (LON:LSE), (DE:Deutsche Boerse) deal in jeopardy.

    Read More
  • Top 5 Things to Know in the Market on Monday

    February 27, 2017, 10:43

    Investing.com - Here are the top five things you need to know in financial markets on Monday, February 27:

    1. Global stocks in holding pattern before Trump speech

    U.S. stock market futures pointed to a muted open near all-time highs on Monday morning, as investors looked ahead to President Donald Trump's speech to Congress on Tuesday, where he is expected to provide clues on his plans to cut taxes.

    President Trump has been credited with being a major catalyst behind the stock market's impressive rally in recent weeks, although he has yet to outline his economic policies in detail.

    In Europe, stocks were mixed in mid-morning trade, but held near their best levels since late 2015.

    Earlier, in Asia, markets ended mostly lower, with the Shanghai Composite in China closing down around 0.8%, while Japan's Nikkei dropped about 0.9%.

    2. Dollar treads water ahead of busy week

    The dollar was little changed against the other major currencies on Monday as traders avoided taking strong positions before President Trump’s address to Congress, a speech by Federal Reserve Chair Janet Yellen and important economic data in the week ahead.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 101.05 in New York morning trade.

    Treasury yields inched higher after falling to a five-week low of 2.31% on Friday, with the U.S. 10-Year bond at around 2.338%.

    Against the yen, the dollar added 0.1% to 112.24, after falling to a low of 111.92 earlier in the session, its lowest since February 9.

    Meanwhile, the euro was up 0.2% on the day at 1.0582, as concerns about France's upcoming election eased following favorable opinion polls for independent presidential candidate Emmanuel Macron.

    3. Trump to meet with health insurers

    President Donald Trump will meet with top executives from the health insurance industry at the White House on Monday.

    Cigna (NYSE:CI)'s chief executive officer, David Cordani, and Humana (NYSE:HUM) CEO Bruce Broussard are among a group of industry leaders due to meet with the president. The Blue Cross Blue Shield Association, which represents insurers in every state, will also attend.

    Trump has pledged to repeal and replace Obamacare, former President Barack Obama's national healthcare law that redesigned the U.S. insurance market for individuals. It is not clear yet what Republicans will agree upon to replace the current insurance. Insurers say any new plans are not likely to hit the market before 2019.

    4. Scottish referendum fears weigh on pound

    The British pound dropped against all its major peers on Monday, following a report of a possible Scottish independence referendum in March.

    GBP/USD skidded 0.3% to 1.2428, after touching a daily low of 1.2385, a level not seen since February 15, while EUR/GBP gained 0.3% to 0.8515.

    Sterling was pressured after The Times reported that U.K. Prime Minister Theresa May is preparing for the Scottish government to call a second independence referendum, which will reportedly coincide with the triggering of Article 50 expected in March.

    On Friday, the pound began to slide after the Independent newspaper reported the Scottish government is seriously considering a second independence referendum next year.

    5. LSE, Deutsche Boerse deal in jeopardy

    London Stock Exchange Group (LON:LSE) said its proposed merger with Deutsche Boerse (DE:DB1Gn) was unlikely to be approved by the European Commission, leaving the stock market operators' third attempt at combining on the brink of failure.

    The two exchanges announced plans to merge in a 29 billion euro deal just over a year ago, aiming to create a giant trading powerhouse that would better compete against U.S. rivals that were starting to encroach on the pair's turf.

    But the LSE said late Sunday it wouldn’t sell its majority-owned fixed-income trading platform in Italy to appease antitrust concerns over the deal.

    Shares of LSE lost more than 3% in London, while Deutsche Boerse shares dropped 3% in Frankfurt.

    Read More
  • Global stocks mixed, dollar flat as Trump speech eyed

    February 27, 2017, 09:28

    Investing.com - Asia lower. Nikkei 225 off 0.91%. Yen slightly lower vs. the dollar.
    Europe mostly higher. DAX up 0.13%. FTSE 100 up 0.31%.
    (LON:LSE) shares off over 3% as exchange says EC unlikely to approve merger with (DE:Deutsche Boerse)
    U.S. stock index futures edge higher after DJI posts 11th straight closing high on Friday.
    Dollar index mostly flat as market looks to Trump speech Tuesday for clues to fiscal stimulus plans.
    Oil higher as output cuts hold sway over higher Baker Hughes U.S. rig count.
    Gold lower. U.S. Treasury yields higher.

    Read More
  • Oil starts the week higher amid optimism over OPEC cuts

    February 27, 2017, 09:12

    Investing.com - Oil prices were higher during European morning hours on Monday, rising back toward an eight-week high on increasing confidence that OPEC’s supply curbs will outweigh a gain in U.S. stockpiles.

    The U.S. West Texas Intermediate crude April contract rose 42 cents, or around 0.8%, to $54.41 a barrel by 4:10AM ET (09:10GMT). The U.S. benchmark reached $55.03 last Tuesday, a level not seen since January 3.

    Elsewhere, Brent oil for May delivery on the ICE Futures Exchange in London added 55 cents, or about 1%, to $56.86 a barrel. The global benchmark touched $57.31 last week, just shy of its highest level of the year.

    Hedge funds extended their bullish bets on oil to an all-time high last week as OPEC and non-OPEC countries made a strong start to lowering their oil output by almost 1.8 million barrels per day by the end of June, with compliance currently at around 90%.

    OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said earlier this month.

    Concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and demand limited gains.

    Data from oilfield services provider Baker Hughes on Friday revealed that the number of active U.S. rigs drilling for oil rose by five last week, the sixth weekly increase in a row. That brought the total count to 602, the most since October 2015.

    Meanwhile, the U.S. Energy Information Administration said on Thursday that crude supplies rose by 564,000 barrels last week to yet another all-time high, feeding concerns about a global glut.

    Oil prices have been trading in a narrow $5 range around the mid-$50s over the past two months as sentiment in oil markets has been torn between hopes that oversupply may be curbed by output cuts announced by major global producers and expectations of a rebound in U.S. shale production.

    In the week ahead, market participants will eye fresh weekly information on U.S. stockpiles of crude and refined products on Tuesday and Wednesday to gauge the strength of demand in the world’s largest oil consumer.

    Meanwhile, traders will also continue to pay close attention to comments from global oil producers for further evidence that they are complying with their agreement to reduce output this year.

    Elsewhere on Nymex, gasoline futures for April rose 1.9 cents, or around 1.1%, to $1.755 a gallon, while March heating oil jumped 1.5 cents, or 1%, to $1.663 a gallon.

    Natural gas futures for April delivery sank 10.6 cents, or almost 4%, to $2.681 per million British thermal units.

    Read More
  • Gold steady near 3-1/2-month high as markets await Trump, Yellen

    February 27, 2017, 08:07

    Investing.com - Gold prices were little changed near a three-and-a-half-month high during European morning hours on Monday, as market players looked ahead to U.S. President Donald Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending.

    Investors also looked ahead to a speech by Federal Reserve Chair Janet Yellen on Friday for further hints on the timing of the next U.S. rate hike.

    Comex gold futures dipped $1.35, or about 0.1%, to $1,256.85 a troy ounce by 3:05AM ET (08:05GMT), just shy of the prior session's high of $1,261.20, a level not seen since November 10. Spot gold was steady at $1,256.10 per ounce.

    President Donald Trump will make his first major address to Congress on Tuesday. Investors are hopeful he will shed light on his economic agenda, most notably tax reform.

    Beyond tax reform, investors will be eager to learn more about Trump's plans for repealing the Affordable Care Act, reducing regulations on businesses and increasing infrastructure spending.

    Analysts warned that market sentiment could take a hit if Trump's plans look slow to execute or are overly vague.

    President Trump has been credited with being a major catalyst behind the stock market's impressive rally in recent weeks, although he has yet to outline his economic policies in detail.

    This week is also peppered with a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday, as investors look for further insight on interest rate hikes ahead of the central bank's March meeting.

    In addition, market players will keep an eye out on a revised reading of fourth-quarter U.S. growth data on Tuesday to gauge the strength of the economy.

    Besides the GDP report, this week's calendar also features U.S. data on durable goods orders on Monday, consumer confidence on Tuesday, personal consumption expenditures and ISM manufacturing on Wednesday, weekly jobless claims on Thursday followed by the ISM non-manufacturing survey on Friday.

    A recent string of solid data reinforced the view that the U.S. economy is sufficiently robust to warrant higher interest rates in the months ahead.

    Last week, minutes from the Fed's latest meeting showed policymakers thought it may be appropriate to raise interest rates again "fairly soon", although it gave no firm signal on the timing of its next rate move.

    Fed fund futures priced in about a 25% chance of a rate hike in March, according to Investing.com’s Fed Rate Monitor Tool. Odds of a May increase was seen at 52%, while June odds were at around 70%.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 101.05 in London morning trade, not far from Friday's one-week low of 100.64.

    Treasury yields were little changed after falling to a five-week low of 2.31% on Friday, with the U.S. 10-Year bond at around 2.338%.

    Also on the Comex, silver futures for May delivery tacked on 1.6 cents, or about 0.1%, to $18.42 a troy ounce after reaching $18.46 earlier, the highest since November 11.

    Meanwhile, platinum was up 0.3% to $1,031.70, while palladium was flat at $773.10 an ounce.

    Elsewhere in metals trading, copper futures lost 1.1 cents, or about 0.4%, to $2.685 a pound.

    Read More
  • Pound weaker in Asia on Brexit, Scotland views, Aussie up

    February 27, 2017, 01:33

    Investing.com - The pound weakened in Asia on Monday as tension over Brexit and a possible Scottish referendum on independence clouded the outlook while the Aussie ticked higher on company earnings data for the fourth quarter.

    In Australia, company gross operating profits soared 20.1% in the fourth quarter, well above the 8.0% gain expected.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.05% to 101.07. GBP/USD traded at 1.2426, down 0.29%, while AUD/USD was quoted at 0.7679, up 0.13%. USD/JPY changed hands at 112.02, down 0.12%.

    Ahead this week, markets will focus on Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending as well as a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday.

    Last week, the dollar ticked higher against a basket of the other major currencies on Friday, shrugging off disappointing U.S. home sales data as investors looked ahead to an upcoming speech by President Donald Trump.

    Data on Friday showed that U.S. new home sales rose 3.7% to an annual rate of 555,000 units last month, falling short of forecasts for a 6.3% increase to a 570,000-unit rate.

    On Thursday U.S. Treasury Secretary Steven Mnuchin said he wants to see "very significant" tax reform passed before Congress' August recess, but indicated that much work was still needed.

    Meanwhile, Wednesday’s minutes of the Federal Reserve’s February meeting said it may be appropriate to raise rates again "fairly soon" if jobs and inflation data continues in line with current expectations. But the minutes also noted uncertainty over a lack of clarity on Trump's economic policies and pointed to the risks to the growth outlook from the stronger dollar.

    Read More
  • Pound sterling dips 0.50% in early Asian trade, Scottish vote eyed

    February 27, 2017, 12:13

    Investing.com - The British pound dipped a bit more than 0.50% early Asian trade on Monday with investors watching the currency as tan exit from the European Union seems assured following a by-election last week that showed the conservatives under Prime Minister Theresa May winning a former staunch Labour Party district.

    GBP/USD fell 0.58% against the dollar 1.2394. On report suggested the drop may be linked to a story in the Times of London that May was preparing for the Scottish government to call a second independence referendum to coincide with the triggering of Article 50 in March.

    Read More
  • Israel stocks lower at close of trade; TA 35 down 0.03%

    February 26, 2017, 03:00

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

    At the close in Tel Aviv, the TA 35 lost 0.03%.

    The best performers of the session on the TA 35 were Melisron (TA:MLSR), which rose 1.93% or 340 points to trade at 17950 at the close. Meanwhile, Paz Oil (TA:PZOL) added 1.66% or 960 points to end at 58700 and Ormat Technologies (TA:ORA) was up 1.33% or 280 points to 21340 in late trade.

    The worst performers of the session were Harel (TA:HARL), which fell 2.63% or 53 points to trade at 1961 at the close. ICL Israel Chemicals Ltd (TA:ICL) declined 1.19% or 19 points to end at 1584 and Poalim (TA:POLI) was down 1.06% or 24 points to 2236.

    Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 189 to 180 and 72 ended unchanged.

    Shares in Melisron (TA:MLSR) rose to all time highs; up 1.93% or 340 to 17950. Shares in Ormat Technologies (TA:ORA) rose to all time highs; gaining 1.33% or 280 to 21340.

    Crude oil for April delivery was down 0.83% or 0.45 to $54.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May unchanged 0.00% or 0.00 to hit $56.31 a barrel, while the April Gold Futures contract rose 0.53% or 6.65 to trade at $1258.05 a troy ounce.

    USD/ILS was down 0.16% to 3.6925, while EUR/ILS fell 0.41% to 3.8977.

    The US Dollar Index Futures was up 0.17% at 101.12.

    Read More
  • Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.05%

    February 26, 2017, 01:15

    Investing.com – Saudi Arabia stocks were higher after the close on Sunday, as gains in the Multi Investment, Energy&Utilities and Agriculture&Food sectors led shares higher.

    At the close in Saudi Arabia, the Tadawul All Share rose 0.05%.

    The best performers of the session on the Tadawul All Share were Al-Ahsa Development Co. (SE:2140), which rose 8.67% or 1.30 points to trade at 16.30 at the close. Meanwhile, Dur Hospitality (SE:4010) added 3.97% or 0.95 points to end at 24.90 and Najran Cement Company (SE:3002) was up 3.81% or 0.45 points to 12.25 in late trade.

    The worst performers of the session were Saudi RE Cooperative Reinsurance (SE:8200), which fell 6.21% or 0.55 points to trade at 8.30 at the close. Al-Ahlia Insurance Company (SE:8140) declined 3.82% or 0.50 points to end at 12.60 and Malath Cooperative Insurance Co (SE:8020) was down 3.33% or 0.30 points to 8.70.

    Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 85 to 61 and 25 ended unchanged.

    Crude oil for April delivery was down 0.83% or 0.45 to $54.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May unchanged 0.00% or 0.00 to hit $56.31 a barrel, while the April Gold Futures contract rose 0.53% or 6.65 to trade at $1258.05 a troy ounce.

    EUR/SAR was down 0.15% to 3.9612, while USD/SAR rose 0.02% to 3.7506.

    The US Dollar Index Futures was up 0.17% at 101.12.

    Read More
  • Gold / Silver / Copper futures - weekly outlook: February 27 - March 3

    February 26, 2017, 12:15

    Investing.com - Gold prices hit three-and-a-half month highs on Friday as hopes for rapid tax reforms under the Trump administration faded, bolstering demand for the precious metal.

    Gold for April delivery settled up 0.53% at $1,258.05 on the Comex division of the New York Mercantile Exchange, having touched its highest since November 11 at $1,258.8 earlier.

    Gold finished the week with gains of 1.56%, notching up its fourth straight weekly increase.

    On Thursday U.S. Treasury Secretary Steven Mnuchin said he wants to see "very significant" tax reform passed before Congress' August recess, but indicated that much work was still needed.

    He also suggested that any steps the Trump administration takes on policy would probably have a limited impact this year.

    The remarks dampened expectations for policy changes that investors had anticipated would spur inflation and drive up U.S. interest rates.

    Elsewhere in precious metals trading, silver was at $18.40 a troy ounce late Friday, and ended the week up 2.24%, in its ninth straight weekly gain.

    Copper was at $2.696 a pound and ended the week down 0.92%, its second straight weekly drop as concerns over the demand outlook weighed.

    Platinum ended up 1.89% to $1,031.05 late Friday, hitting its highest since February 9.

    In the week ahead, global financial markets will focus on U.S. President Donald Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending.

    This week is also peppered with a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday.

    Investors will also be watching a revised reading of fourth-quarter U.S. growth to gauge the strength of the economy. Private sector survey data from the UK and euro zone inflation data will also be in focus.

    Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

    Monday, February 27

    The U.S. is to release data on durable goods orders and pending home sales.

    Dallas Fed President Robert Kaplan is to speak at an event in Oklahoma.

    Tuesday, February 28

    New Zealand is to release trade data and a report on business confidence.

    The U.S. is to release revised data on fourth quarter growth and a report on consumer confidence.

    San Francisco Fed President John Williams and St. Louis Fed President James Bullard are to speak.

    Also Tuesday, President Donald Trump will make his first major address to Congress.

    Wednesday, March 1

    Australia is to release data on fourth quarter growth.

    China is to release official data on manufacturing and service sector activity as well as the Caixin manufacturing index.

    In the euro zone, Germany is to release preliminary inflation data and a report on unemployment change.

    The U.K. is to release its manufacturing index and a report on bank lending.

    The Bank of Canada is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.

    The Institute of Supply Management is to report on manufacturing activity.

    Dallas Fed head Kaplan and Fed Governor Lael Brainard are scheduled to speak.

    Thursday, March 2

    Australia is to produce data on building approvals and trade.

    The U.K. is to report on construction sector output.

    The euro zone is to release preliminary data on inflation.

    Canada is to release its monthly report on GDP.

    The U.S. is to report on initial jobless claims and Cleveland Fed President Loretta Mester is to speak.

    Friday, March 3

    Japan is to release data on inflation and household spending.

    Germany is to publish figures on retail sales.

    The U.K. is to report on service sector activity.

    The ISM is to report on service sector activity.

    Meanwhile, Chicago Fed President Charles Evans, Richmond Fed President Jeffrey Lacker, Fed Governor Jerome Powell and Fed Vice Chair Stanley Fischer will deliver remarks and Fed Chair Janet Yellen is to speak at an event in Chicago.

    Read More
  • Weekly outlook: February 27 - March 3

    February 26, 2017, 11:41

    Investing.com - The dollar ticked higher against a basket of the other major currencies on Friday, shrugging off disappointing U.S. home sales data as investors looked ahead to an upcoming speech by President Donald Trump.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.17% to 100.12 late Friday, leaving it up just 0.14% for the week after recovering from a one-week low of 100.64 earlier.

    Data on Friday showed that U.S. new home sales rose 3.7% to an annual rate of 555,000 units last month, falling short of forecasts for a 6.3% increase to a 570,000-unit rate.

    The euro ticked lower against the dollar, with EUR/USD down 0.19% to 1.0556. The euro ended the week down 0.6% against the dollar, its third straight weekly decline.

    Sterling was also weaker against the dollar, with GBP/USD falling 0.76% to 1.2461.

    But the dollar fell to two-week lows against the safe-haven yen amid growing doubts over the likelihood of swift tax reform from the Trump administration.

    USD/JPY was down 0.4% to 112.08, the weakest level since February 9 and ended the week 0.67% lower, its second weekly loss.

    On Thursday U.S. Treasury Secretary Steven Mnuchin said he wants to see "very significant" tax reform passed before Congress' August recess, but indicated that much work was still needed.

    Meanwhile, Wednesday’s minutes of the Federal Reserve’s February meeting said it may be appropriate to raise rates again "fairly soon" if jobs and inflation data continues in line with current expectations.

    But the minutes also noted uncertainty over a lack of clarity on Trump's economic policies and pointed to the risks to the growth outlook from the stronger dollar.

    In the week ahead, global financial markets will focus on Trump's address to Congress on Tuesday for further details on his promises of tax reform, deregulation and infrastructure spending.

    The week is also peppered with a handful of Fed appearances, most importantly Fed Chair Janet Yellen on Friday.

    Investors will also be watching a revised reading of fourth-quarter U.S. growth to gauge the strength of the economy. Private sector survey data from the UK and euro zone inflation data will also be in focus.

    Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

    Monday, February 27

    The U.S. is to release data on durable goods orders and pending home sales.

    Dallas Fed President Robert Kaplan is to speak at an event in Oklahoma.

    Tuesday, February 28

    New Zealand is to release trade data and a report on business confidence.

    The U.S. is to release revised data on fourth quarter growth and a report on consumer confidence.

    San Francisco Fed President John Williams and St. Louis Fed President James Bullard are to speak.

    Also Tuesday, President Donald Trump will make his first major address to Congress.

    Wednesday, March 1

    Australia is to release data on fourth quarter growth.

    China is to release official data on manufacturing and service sector activity as well as the Caixin manufacturing index.

    In the euro zone, Germany is to release preliminary inflation data and a report on unemployment change.

    The U.K. is to release its manufacturing index and a report on bank lending.

    The Bank of Canada is to announce its benchmark interest rate and publish a rate statement which outlines economic conditions and the factors affecting the monetary policy decision.

    The Institute of Supply Management is to report on manufacturing activity.

    Dallas Fed head Kaplan and Fed Governor Lael Brainard are scheduled to speak.

    Thursday, March 2

    Australia is to produce data on building approvals and trade.

    The U.K. is to report on construction sector output.

    The euro zone is to release preliminary data on inflation.

    Canada is to release its monthly report on GDP.

    The U.S. is to report on initial jobless claims and Cleveland Fed President Loretta Mester is to speak.

    Friday, March 3

    Japan is to release data on inflation and household spending.

    Germany is to publish figures on retail sales.

    The U.K. is to report on service sector activity.

    The ISM is to report on service sector activity.

    Meanwhile, Chicago Fed President Charles Evans, Richmond Fed President Jeffrey Lacker, Fed Governor Jerome Powell and Fed Vice Chair Stanley Fischer will deliver remarks and Fed Chair Janet Yellen is to speak at an event in Chicago.

    Read More
  • Mexico stocks lower at close of trade; IPC down 0.34%

    February 24, 2017, 10:29

    Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Materials, Financial Services and Consumer Staples sectors led shares lower.

    At the close in Mexico, the IPC lost 0.34%.

    The best performers of the session on the IPC were Grupo LALA SA de CV (MX:LALAB), which rose 4.28% or 1.39 points to trade at 33.84 at the close. Meanwhile, Grupo Televisa SA (MX:TLVACPO) added 3.23% or 3.280 points to end at 104.690 and VOLARIS A (MX:VOLARA) was up 2.45% or 0.56 points to 23.40 in late trade.

    The worst performers of the session were Gentera SAB de CV (MX:GENTERA), which fell 4.73% or 1.340 points to trade at 26.960 at the close. Ohl Mexico, S.A.B. De C.V. (MX:OHLMEX) declined 2.80% or 0.590 points to end at 20.470 and Gruma SAB de CV (MX:GRUMAB) was down 2.72% or 7.470 points to 267.060.

    Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 127 to 117 and 17 ended unchanged.

    Shares in Gentera SAB de CV (MX:GENTERA) fell to 52-week lows; down 4.73% or 1.340 to 26.960. Shares in Grupo Televisa SA (MX:TLVACPO) rose to 52-week highs; rising 3.23% or 3.280 to 104.690.

    Gold Futures for April delivery was up 0.53% or 6.65 to $1258.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.83% or 0.45 to hit $54.00 a barrel, while the April Brent oil contract fell 1.01% or 0.57 to trade at $56.01 a barrel.

    USD/MXN was up 1.31% to 19.9190, while EUR/MXN rose 1.07% to 21.0270.

    The US Dollar Index Futures was up 0.17% at 101.12.

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  • Peru stocks lower at close of trade; S&P Lima General down 1.78%

    February 24, 2017, 09:35

    Investing.com – Peru stocks were lower after the close on Friday, as losses in the Non-Metal Minerals, Industrials and Mining sectors led shares lower.

    At the close in Lima, the S&P Lima General lost 1.78% to hit a new 1-month low.

    The best performers of the session on the S&P Lima General were Edegel (LM:EDE), which rose 5.71% or 0.140 points to trade at 2.590 at the close. Meanwhile, Empresa Agroindustrial Pomalca (LM:POM) added 0.59% or 0.001 points to end at 0.169 and Inretail Peru (LM:INR) was up 0.31% or 0.060 points to 19.400 in late trade.

    The worst performers of the session were Grana Y Monter (LM:GRA), which fell 33.33% or 1.100 points to trade at 2.200 at the close. Minsur (LM:MINi) declined 3.45% or 0.050 points to end at 1.400 and Sider (LM:SID) was down 2.86% or 0.010 points to 0.340.

    Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 20 to 5 and 8 ended unchanged.

    Shares in Grana Y Monter (LM:GRA) fell to 52-week lows; falling 33.33% or 1.100 to 2.200.

    Crude oil for April delivery was down 0.77% or 0.42 to $54.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.94% or 0.53 to hit $56.05 a barrel, while the April Gold Futures contract rose 0.49% or 6.10 to trade at $1257.50 a troy ounce.

    USD/PEN was up 0.17% to 3.2520, while EUR/PEN rose 0.23% to 3.4410.

    The US Dollar Index Futures was up 0.18% at 101.13.

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  • Brazil stocks lower at close of trade; Bovespa down 1.18%

    February 24, 2017, 09:30

    Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Financials, Consumption and Real Estate sectors led shares lower.

    At the close in Sao Paulo, the Bovespa lost 1.18%.

    The best performers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 2.63% or 0.15 points to trade at 5.86 at the close. Meanwhile, Marfrig Alimentos SA (SA:MRFG3) added 2.29% or 0.14 points to end at 6.25 and Natura Cosmeticos SA (SA:NATU3) was up 2.03% or 0.51 points to 25.62 in late trade.

    The worst performers of the session were EcoRodovias SA (SA:ECOR3), which fell 4.77% or 0.46 points to trade at 9.19 at the close. Lojas Renner SA (SA:LREN3) declined 3.91% or 1.04 points to end at 25.55 and Petroleo Brasileiro SA (SA:PETR3) was down 3.16% or 0.52 points to 15.96.

    Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 191 to 172 and 27 ended unchanged.

    The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 5.28% to 30.09.

    Gold Futures for April delivery was up 0.52% or 6.55 to $1257.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.75% or 0.41 to hit $54.04 a barrel, while the May US coffee C contract fell 2.50% or 3.75 to trade at $146.27 .

    USD/BRL was up 1.67% to 3.1105, while EUR/BRL rose 1.50% to 3.2849.

    The US Dollar Index Futures was up 0.19% at 101.14.

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  • U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.05%

    February 24, 2017, 09:25

    Investing.com – U.S. stocks were higher after the close on Friday, as gains in the Utilities, Telecoms and Consumer Services sectors led shares higher.

    At the close in NYSE, the Dow Jones Industrial Average added 0.05% to hit a new all time high, while the S&P 500 index added 0.15%, and the NASDAQ Composite index climbed 0.17%.

    The best performers of the session on the Dow Jones Industrial Average were Wal-Mart Stores Inc (NYSE:WMT), which rose 1.51% or 1.08 points to trade at 72.39 at the close. Meanwhile, Johnson&Johnson (NYSE:JNJ) added 1.51% or 1.83 points to end at 122.73 and Intel Corporation (NASDAQ:INTC) was up 0.97% or 0.35 points to 36.53 in late trade.

    The worst performers of the session were Goldman Sachs Group Inc (NYSE:GS), which fell 1.53% or 3.84 points to trade at 247.35 at the close. JPMorgan Chase&Co (NYSE:JPM) declined 0.88% or 0.80 points to end at 90.33 and Exxon Mobil Corporation (NYSE:XOM) was down 0.86% or 0.70 points to 81.08.

    The top performers on the S&P 500 were Foot Locker Inc (NYSE:FL) which rose 9.38% to 75.01, Intuit Inc (NASDAQ:INTU) which was up 6.06% to settle at 128.01 and Nordstrom Inc (NYSE:JWN) which gained 5.74% to close at 46.46.

    The worst performers were Southwestern Energy Company (NYSE:SWN) which was down 11.98% to 7.35 in late trade, Hewlett Packard Enterprise Co (NYSE:HPE) which lost 6.89% to settle at 22.96 and Range Resources Corporation (NYSE:RRC) which was down 4.49% to 27.64 at the close.

    The top performers on the NASDAQ Composite were Cempra Inc (NASDAQ:CEMP) which rose 28.57% to 4.050, Applied Opt (NASDAQ:AAOI) which was up 22.71% to settle at 45.98 and Universal Display (NASDAQ:OLED) which gained 20.09% to close at 81.00.

    The worst performers were Cumulus Media Inc (NASDAQ:CMLS) which was down 24.10% to 0.7590 in late trade, FunctionX Inc (NASDAQ:FNCX) which lost 22.48% to settle at 1.0000 and My Size Inc (NASDAQ:MYSZ) which was down 15.09% to 2.70 at the close.

    Rising stocks outnumbered declining ones on the New York Stock Exchange by 1646 to 1572 and 46 ended unchanged; on the Nasdaq Stock Exchange, 1304 fell and 1214 advanced, while 105 ended unchanged.

    Shares in Intuit Inc (NASDAQ:INTU) rose to all time highs; up 6.06% or 7.31 to 128.01. Shares in Cumulus Media Inc (NASDAQ:CMLS) fell to 5-year lows; losing 24.10% or 0.2410 to 0.7590. Shares in Applied Opt (NASDAQ:AAOI) rose to all time highs; gaining 22.71% or 8.51 to 45.98. Shares in Universal Display (NASDAQ:OLED) rose to all time highs; rising 20.09% or 13.55 to 81.00. Shares in My Size Inc (NASDAQ:MYSZ) fell to all time lows; losing 15.09% or 0.48 to 2.70.

    The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.79% to 11.50.

    Gold Futures for April delivery was up 0.53% or 6.60 to $1258.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.75% or 0.41 to hit $54.04 a barrel, while the April Brent oil contract fell 0.97% or 0.55 to trade at $56.03 a barrel.

    EUR/USD was down 0.21% to 1.0559, while USD/JPY fell 0.43% to 112.13.

    The US Dollar Index Futures was up 0.19% at 101.14.

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  • CFTC: Speculators More Bearish on Euro; Crude Oil Net Longs at All-time High

    February 24, 2017, 09:10

    Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending February 21 on Friday.


    Speculative positioning in the CME and ICE currency, commodity, energy and index futures:

    LongShort
    NetPriorChangeGrossChangeGrossChange
    EUR-58.3k-46.8k-11.5k131.0k5.6k189.2k17.1k
    GBP-66.4k-65.5k-0.8k38.3k-0.8k104.6k0.0k
    JPY-50.2k-51.3k1.1k30.0k2.3k80.1k1.1k
    CHF-8.9k-11.5k2.5k6.9k0.3k15.9k-2.2k
    CAD24.6k19.3k5.2k58.8k5.6k34.2k0.4k
    AUD33.5k24.2k9.3k88.8k9.5k55.2k0.2k
    NZD3.2k2.9k0.3k35.3k-1.3k32.1k-1.6k
    MXN-56.5k-60.2k3.7k35.1k4.9k91.6k1.1k
    S&P 50030.8k57.8k-27.0k508.3k21.4k477.5k48.4k
    Gold123.8k109.8k14.0k219.7k7.4k95.9k-6.6k
    Silver88.0k84.8k3.2k108.8k4.1k20.8k0.9k
    Copper42.8k45.2k-2.4k128.2k-3.2k85.4k-0.8k
    RUB17.7k18.2k-0.5k19.2k-0.5k1.5k0.1k
    Crude Oil556.6k508.5k48.2k712.7k29.5k156.1k-18.7k


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  • Baidu shares down more than 5%

    February 24, 2017, 06:20

    Investing.com - Baidu Inc (NASDAQ:BIDU) tumbled more than 5% on Friday, despite posting fourth-quarter earnings (Q4) that beat expectations a day earlier on Thursday, Feb 23.

    Baidu reported a 3% year-over-year slump in net revenue to RMB 18.21 billion, compared to the same period a year ago, as changes in regulatory law weighed on top-line performance and costs swelled, after the company made a string of investments to drive growth over the past year.

    Last year, the Chinese government revised the country’s advertising laws to address issues of false and misleading advertising, as a result online platforms like Baidu have to go through mandatory regulatory approvals, which has pressured marketing revenues.

    Baidu’s costs have swelled over the past several months, as the company has ramped up investment in content, bandwidth and traffic in an effort to support growth in its online video streaming platform iQiyi and transaction services businesses.

    Baidu’s transaction services segment, mainly consists of its online to offline (o2o) businesses, aimed at connecting people who are searching online with local merchants.

    Artificial Intelligence (AI), was highlighted as another area of interest, after the company recently hired AI expert Qu Lu as its Chief Operating Officer (COO) and plans to begin small-scale production of its driverless cars by 2018.

    Baidu shares last traded at $175.80, down 4.8%.

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  • Portugal stocks lower at close of trade; PSI 20 down 0.32%

    February 24, 2017, 05:45

    Investing.com – Portugal stocks were lower after the close on Friday, as losses in the Consumer Goods, Consumer Services and Technology sectors led shares lower.

    At the close in Lisbon, the PSI 20 lost 0.32%.

    The best performers of the session on the PSI 20 were Montepio (LS:MPIO), which rose 9.49% or 0.039 points to trade at 0.450 at the close. Meanwhile, Pharol SGPS SA (LS:PHRA) added 4.08% or 0.0140 points to end at 0.3570 and Sonae Capital (LS:SONAC) was up 2.40% or 0.0170 points to 0.7250 in late trade.

    The worst performers of the session were Banco Comercial Portugues (LS:BCP), which fell 1.87% or 0.0028 points to trade at 0.1467 at the close. J. Martins SGPS (LS:JMT) declined 1.47% or 0.2250 points to end at 15.1050 and Corticeira Amorim (LS:CORA) was down 1.21% or 0.118 points to 9.650.

    Falling stocks outnumbered advancing ones on the Lisbon Stock Exchange by 20 to 15 and 4 ended unchanged.

    Brent oil for April delivery was down 0.65% or 0.37 to $56.21 a barrel. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.61% or 0.33 to hit $54.12 a barrel, while the April Gold Futures contract rose 0.55% or 6.85 to trade at $1258.25 a troy ounce.

    EUR/USD was down 0.01% to 1.0580, while EUR/GBP rose 0.65% to 0.8482.

    The US Dollar Index Futures was up 0.02% at 100.97.

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  • Dollar heads for 3-day losing streak

    February 24, 2017, 05:35

    Investing.com - The U.S. dollar headed for a third-day of losses against major currencies on Friday, as US new home sales missed expectations while consumer confidence marginally beat analysts’ estimates.

    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04% to 101.91 and is on course to end the trading week in negative territory.

    The dollar recovered from its early morning losses, but ultimately remained under pressure, after the release of mixed U.S. economic data failed to spur a broad dollar recovery.

    The Commerce Department said new home sales rose 3.7 percent to a seasonally-adjusted 555,000 units but missed analysts’ estimates of a 6.3% rise in January.

    U.S. consumer sentiment remained upbeat, after The University of Michigan's Consumer Sentiment Index hit 96.3 in February, compared to expectations of 96.3.

    The dollar continued to be weighed down from earlier events during the week: Wednesday’s Fed minutes, revealed a reluctance among some Fed members’ to support a raise in interest rates while uncertainty over the impact of Trump’s economic policies on economic growth remained.

    Elsewhere, Treasury Secretary Steven Mnuchin said on Thursday, that President Trump’s pro-growth policies, which are viewed as inflationary and a boon for the dollar, will have a limited impact in 2017.

    The dollar lost ground against its Canadian counterpart, after a strong bout of Canadian inflation data, as measured by the Consumer Price Index (CPI).

    Statistics Canada reported that the consumer price index (CPI) rose 0.9% In January, beating expectations of a 0.3% increase. USD/CAD traded 0.17% lower at $1.3083

    GBP/USD retreated by more than 0.5% to $1.248 at 12:35 ET 5:35 GMT while EUR/USD gained 0.07% to trade higher at 1.058

    Meanwhile, USD/JPY traded lower at $112.16, down 0.40%

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  • Spain stocks lower at close of trade; IBEX 35 down 0.42%

    February 24, 2017, 05:35

    Investing.com – Spain stocks were lower after the close on Friday, as losses in the Financial Services&Real Estate, Consumer Goods and Building&Construction sectors led shares lower.

    At the close in Madrid, the IBEX 35 declined 0.42%.

    The best performers of the session on the IBEX 35 were Indra A (MC:IDR), which rose 8.97% or 0.965 points to trade at 11.725 at the close. Meanwhile, International Consolidated Airlines Group SA (MC:ICAG) added 4.13% or 0.247 points to end at 6.226 and Gamesa (MC:GAM) was up 2.99% or 0.610 points to 21.000 in late trade.

    The worst performers of the session were Acciona (MC:ANA), which fell 2.64% or 1.920 points to trade at 70.780 at the close. Acerinox (MC:ACX) declined 1.83% or 0.245 points to end at 13.175 and Caixabank SA (MC:CABK) was down 1.77% or 0.058 points to 3.211.

    Falling stocks outnumbered advancing ones on the Madrid Stock Exchange by 117 to 51 and 11 ended unchanged.

    Gold Futures for April delivery was up 0.54% or 6.75 to $1258.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.62% or 0.34 to hit $54.11 a barrel, while the April Brent oil contract fell 0.69% or 0.39 to trade at $56.19 a barrel.

    EUR/USD was up 0.07% to 1.0588, while EUR/GBP rose 0.66% to 0.8483.

    The US Dollar Index Futures was down 0.03% at 100.92.

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  • Netherlands stocks lower at close of trade; AEX down 0.58%

    February 24, 2017, 05:35

    Investing.com – Netherlands stocks were lower after the close on Friday, as losses in the Industrials, Telecoms and Technology sectors led shares lower.

    At the close in Amsterdam, the AEX lost 0.58%.

    The best performers of the session on the AEX were KPN Kon (AS:KPN), which rose 1.47% or 0.039 points to trade at 2.694 at the close. Meanwhile, Wolters Kluwer (AS:WLSNc) added 0.66% or 0.25 points to end at 38.40 and Vopak (AS:VOPA) was up 0.46% or 0.18 points to 39.28 in late trade.

    The worst performers of the session were Altice NV (AS:ATCA), which fell 2.54% or 0.52 points to trade at 19.94 at the close. ArcelorMittal SA (AS:ISPA) declined 1.44% or 0.121 points to end at 8.295 and ABN AMRO Group NV (AS:ABNd) was down 1.42% or 0.31 points to 21.45.

    Falling stocks outnumbered advancing ones on the Amsterdam Stock Exchange by 94 to 31 and 9 ended unchanged.

    The AEX Volatility, which measures the implied volatility of AEX options, was up 1.70% to 14.42.

    Crude oil for April delivery was down 0.61% or 0.33 to $54.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.69% or 0.39 to hit $56.19 a barrel, while the April Gold Futures contract rose 0.56% or 6.95 to trade at $1258.35 a troy ounce.

    EUR/USD was up 0.06% to 1.0587, while EUR/GBP rose 0.65% to 0.8482.

    The US Dollar Index Futures was down 0.03% at 100.92.

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  • Finland stocks lower at close of trade; OMX Helsinki 25 down 0.70%

    February 24, 2017, 05:30

    Investing.com – Finland stocks were lower after the close on Friday, as losses in the Oil&Gas, Basic Materials and Industrials sectors led shares lower.

    At the close in Helsinki, the OMX Helsinki 25 lost 0.70%.

    The best performers of the session on the OMX Helsinki 25 were Tieto Oyj (HE:TIE1V), which rose 0.61% or 0.16 points to trade at 26.27 at the close. Meanwhile, Nokia Oyj (HE:NOKIA) added 0.29% or 0.014 points to end at 4.816 and Nokian Renkaat Oyj (HE:NRE1V) was up 0.13% or 0.05 points to 37.39 in late trade.

    The worst performers of the session were Outokumpu Oyj (HE:OUT1V), which fell 2.94% or 0.2800 points to trade at 9.2350 at the close. Konecranes Abp (HE:KCRA) declined 2.52% or 0.86 points to end at 33.33 and Cargotec Oyj (HE:CGCBV) was down 2.30% or 1.07 points to 45.51.

    Falling stocks outnumbered advancing ones on the Helsinki Stock Exchange by 110 to 32 and 12 ended unchanged.

    Shares in Nokian Renkaat Oyj (HE:NRE1V) rose to 3-years highs; rising 0.13% or 0.05 to 37.39.

    Brent oil for April delivery was down 0.69% or 0.39 to $56.19 a barrel. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.61% or 0.33 to hit $54.12 a barrel, while the April Gold Futures contract rose 0.56% or 7.05 to trade at $1258.45 a troy ounce.

    EUR/USD was up 0.09% to 1.0591, while EUR/GBP rose 0.65% to 0.8482.

    The US Dollar Index Futures was down 0.06% at 100.89.

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  • Belgium stocks lower at close of trade; BEL 20 down 0.72%

    February 24, 2017, 05:20

    Investing.com – Belgium stocks were lower after the close on Friday, as losses in the Basic Materials, Technology and Industrials sectors led shares lower.

    At the close in Brussels, the BEL 20 declined 0.72%.

    The best performers of the session on the BEL 20 were Proximus NV (BR:PROX), which rose 1.89% or 0.53 points to trade at 28.38 at the close. Meanwhile, NV Bekaert SA (BR:BEKB) added 1.54% or 0.64 points to end at 41.80 and Ontex Group (BR:ONTEX) was up 0.10% or 0.03 points to 28.87 in late trade.

    The worst performers of the session were Solvay SA (BR:SOLB), which fell 2.40% or 2.75 points to trade at 111.95 at the close. Groupe Bruxelles Lambert SA (BR:GBLB) declined 1.62% or 1.31 points to end at 79.49 and KBC (BR:KBC) was down 1.49% or 0.860 points to 57.020.

    Falling stocks outnumbered advancing ones on the Brussels Stock Exchange by 60 to 51 and 8 ended unchanged.

    Gold Futures for April delivery was up 0.53% or 6.65 to $1258.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.73% or 0.40 to hit $54.05 a barrel, while the April Brent oil contract fell 0.81% or 0.46 to trade at $56.12 a barrel.

    EUR/USD was up 0.10% to 1.0592, while EUR/GBP rose 0.61% to 0.8478.

    The US Dollar Index Futures was down 0.06% at 100.89.

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  • Nigeria stocks lower at close of trade; NSE 30 down 0.80%

    February 24, 2017, 05:15

    Investing.com – Nigeria stocks were lower after the close on Friday, as losses in the Food, Beverages&Tobacco, Banking and Oil&Gas sectors led shares lower.

    At the close in Lagos, the NSE 30 fell 0.80%.

    The best performers of the session on the NSE 30 were Stanbicibtc Hl (LAGOS:IBTC), which rose 4.89% or 0.81 points to trade at 17.36 at the close. Meanwhile, Uacn Prop (LAGOS:UACN) added 4.83% or 0.58 points to end at 12.60 and Dangsugar (LAGOS:DANGSUG) was up 1.00% or 0.06 points to 6.06 in late trade.

    The worst performers of the session were Nig Brew (LAGOS:NB), which fell 2.98% or 3.99 points to trade at 130.00 at the close. Guaranty Bnk (LAGOS:GUARANT) declined 2.43% or 0.60 points to end at 24.05 and Diamond Bank (LAGOS:DIAMONB) was down 2.38% or 0.020 points to 0.820.

    Falling stocks outnumbered advancing ones on the Lagos by 19 to 12 and 61 ended unchanged.

    Shares in Diamond Bank (LAGOS:DIAMONB) fell to all time lows; down 2.38% or 0.020 to 0.820.

    Crude oil for April delivery was down 0.83% or 0.45 to $54.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.90% or 0.51 to hit $56.07 a barrel, while the April Gold Futures contract rose 0.49% or 6.15 to trade at $1257.55 a troy ounce.

    EUR/NGN was down 2.35% to 324.350, while USD/NGN unchanged 0.00% to 317.000.

    The US Dollar Index Futures was down 0.03% at 100.92.

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  • Poland stocks lower at close of trade; WIG30 down 1.84%

    February 24, 2017, 05:10

    Investing.com – Poland stocks were lower after the close on Friday, as losses in the Banking, Oil&Gas and Basic Materials sectors led shares lower.

    At the close in Warsaw, the WIG30 fell 1.84%.

    The best performers of the session on the WIG30 were CCC SA (WA:CCCP), which rose 3.17% or 6.90 points to trade at 224.90 at the close. Meanwhile, Alior Bank SA (WA:ALRR) added 0.51% or 0.34 points to end at 66.60 and Tauron Polska Energia SA (WA:TPE) was up 0.34% or 0.010 points to 2.980 in late trade.

    The worst performers of the session were CD Projekt SA (WA:CDR), which fell 4.49% or 3.34 points to trade at 71.00 at the close. mBank SA (WA:MBK) declined 4.35% or 18.45 points to end at 406.05 and Grupa Lotos SA (WA:LTSP) was down 4.24% or 2.17 points to 48.95.

    Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 331 to 263 and 170 ended unchanged.

    Shares in CCC SA (WA:CCCP) rose to all time highs; gaining 3.17% or 6.90 to 224.90.

    Crude oil for April delivery was down 0.79% or 0.43 to $54.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.85% or 0.48 to hit $56.10 a barrel, while the April Gold Futures contract rose 0.49% or 6.15 to trade at $1257.55 a troy ounce.

    EUR/PLN was up 0.36% to 4.3168, while USD/PLN rose 0.31% to 4.0776.

    The US Dollar Index Futures was down 0.02% at 100.93.

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  • Norway stocks lower at close of trade; Oslo OBX down 0.97%

    February 24, 2017, 05:05

    Investing.com – Norway stocks were lower after the close on Friday, as losses in the Pharma Biotech&Life Sciences, Consumer Durables And Apparel and Materials sectors led shares lower.

    At the close in Oslo, the Oslo OBX lost 0.97% to hit a new 1-month low.

    The best performers of the session on the Oslo OBX were Schibsted ASA A (OL:SBSTA), which rose 1.84% or 4.0 points to trade at 221.5 at the close. Meanwhile, Norwegian Air Shuttle ASA (OL:NWC) added 1.15% or 2.9 points to end at 254.1 and Schibsted ASA B (OL:SBSTB) was up 1.00% or 2.00 points to 202.00 in late trade.

    The worst performers of the session were Norsk Hydro ASA (OL:NHY), which fell 4.02% or 1.95 points to trade at 46.50 at the close. Aker BP ASA (OL:AKERBP) declined 3.65% or 5.60 points to end at 147.80 and Seadrill Limited (OL:SDRL) was down 2.99% or 0.5 points to 16.6.

    Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 120 to 61 and 22 ended unchanged.

    Crude oil for April delivery was down 0.81% or 0.44 to $54.01 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April fell 0.88% or 0.50 to hit $56.08 a barrel, while the April Gold Futures contract rose 0.49% or 6.15 to trade at $1257.55 a troy ounce.

    EUR/NOK was down 0.01% to 8.8242, while USD/NOK fell 0.05% to 8.3346.

    The US Dollar Index Futures was down 0.03% at 100.92.

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  • Russia stocks lower at close of trade; MICEX down 0.63%

    February 24, 2017, 05:05

    Investing.com – Russia stocks were lower after the close on Friday, as losses in the Power, Mining and Manufacturing sectors led shares lower.

    At the close in Moscow, the MICEX lost 0.63% to hit a new 1-month low.

    The best performers of the session on the MICEX were MegaFon OAO (MCX:MFON), which rose 4.32% or 27.90 points to trade at 673.50 at the close. Meanwhile, Polymetal International PLC (MCX:POLY) added 3.03% or 21.50 points to end at 731.00 and DIXY Group ao (MCX:DIXY) was up 1.30% or 3.40 points to 264.50 in late trade.

    The worst performers of the session were Rosseti ao (MCX:RSTI), which fell 5.12% or 0.0564 points to trade at 1.0450 at the close. FSK EES (MCX:FEES) declined 4.44% or 0.0105 points to end at 0.2260 and Magnit (MCX:MGNT) was down 4.01% or 369.0 points to 8825.0.

    Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 142 to 70 and 18 ended unchanged.

    The Russian VIX, which measures the implied volatility of MICEX options, was down 2.74% to 24.120.

    Gold Futures for April delivery was up 0.49% or 6.10 to $1257.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.77% or 0.42 to hit $54.03 a barrel, while the April Brent oil contract fell 0.87% or 0.49 to trade at $56.09 a barrel.

    USD/RUB was up 0.60% to 58.4175, while EUR/RUB rose 1.21% to 61.816.

    The US Dollar Index Futures was down 0.03% at 100.92.

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