CFD Trading

U.S. Session Key Developments • Dollar Traders Provide Direction For General Market • Fitch Issues Warnings on UK and Portugal Budget Deficits • Commodities Moderately Lower on Higher Dollar Exactly a year after US equity markets had their lowest close in over twelve years, stocks resumed last week’s gains after closing slightly lower yesterday. ...

Europe Session Key Developments •    German Chancellor Merkel Urges Derivatives Regulation •    Greece Continues Efforts to Cut Deficit, May Have Overstated Tax Revenues •    Commodity Prices Drop on Greenback Strength, European Currencies Weak European stocks were generally lower today, the one-year anniversary of the “bottom” for European stocks- March 9, 2009 ...

Testing support from a steep channel, a drop below would suggest that an important top is in place at 10730.  The next level of support is 9679, then 8878.  The level that produced the January top has been significant in recent years (2004-2006), which increases the likelihood that a more ...

Asia Session Key Developments Australian Shares Rally for Eight Straight Day Japan’s Machine Tool Orders Post largest Increase on Record Stocks in Asia/Pacific were mixed on Tuesday following a lackluster performance on Wall Street. Meanwhile, the economic docket showed business confidence in Australia advanced for the second straight month ...

Commodities - Energy Crude Oil May Extend Losses on Fading Risk Appetite Crude Oil (WTI)       $81.03 -$0.84 -1.03% Prices have pulled back from resistance at $82.23 to find support above the previously broken upper boundary of a Rising Wedge formation (now at $81.26). The US economic ...

U.S. Session Key Developments •    Dow Jones Industrial Average Returns to Positive Territory For 2010 •    Jobless Claims Slightly Better Than Expected, Home Sales Plunge •    Commodities Decline as Greenback Gains Against European Counterparts U.S. stocks were generally higher today following mixed trading in Europe's session as well as the Asian session overnight.  The ...

North American Commodity Update Commodities - Energy Crude Edges Ever Higher as Momentum Substitutes Fundamental Drive Crude Oil (LS NYMEX) -  $81.82   //  $0.32  //  0.39% There was relatively little for fundamental traders to work with Monday; but that wouldn’t prevent oil from pushing a new eight-week high and closing the gap to the ...

Europe Session Key Developments •   Speculation of Greece Bailout Continues Following Sarkozy Comments •   Crude Oil Trades Higher For Second Day, Precious Metals Fall •   Euro Gains Against Greenback, Cable Lower European stocks traded around last week’s close most of the session before closing the day slightly lower.  The Stoxx Europe 600 Index was ...

Euro / US Dollar A larger EURUSD rally, probably a 4th wave, may be underway towards 13870-14030.  4th waves are often choppy, usually flats or triangles.  An impulsive rally from 13433 and corrective decline from 13738 may be complete.  This is bullish but I am uncomfortable with long positions at this ...

In light of January’s pullback in U.S. equities, following an uninterrupted nine-month rally, investors are looking to protect their portfolios from a potentially volatile 2010.  With the huge losses of 2008 still fresh in their minds, investors appear skittish about their investments going forward due to uncertainties in the business ...

North American Commodity Update Commodities - Energy Crude Edges Ever Higher as Momentum Substitutes Fundamental Drive Crude Oil (LS NYMEX) -  $81.82   //  $0.32  //  0.39% There was relatively little for fundamental traders to work with Monday; but that wouldn’t prevent oil from pushing a new eight-week high and closing the gap to the ...

Asia Session Key Developments Asian Stocks Rally to Six-Week High Bank Lending in Japan Tumbles for the Seventh Month Japan Trade Surplus Widens More-Than-Expected on Exports Stocks in Asia/Pacific began the week on a strong note, rallying to a six-week high following French President Nicolas Sarkozy stating that the euro ...

U.S. Session Key Developments Labor Department Reports Payrolls Dropped By 36,000 in February Consumer Credit Unexpectedly Rises in January Investors Sell Off US Dollar, Crude Gains 2 Percent U.S. Equities are on track to test January highs after a better-than-expected non-farm payrolls report sent stocks higher.  The Labor Department reported that payrolls dropped by ...

Europe Session Key Developments •   European Union Working to Develop Rescue Plan For Greece •   German Factory Orders Increase, U.S. Nonfarm Payrolls Better Than Expected •   Commodities Trade Higher On Dollar Weakness and Better Economic Outlook European stocks rallied for a sixth consecutive day on speculation for an EU rescue of Greece and ...

Asia Session Key Developments Australian Foreign Reserves Narrows in February Construction in Australia Grows at Slower Pace Japan Reserve Assets Tip Lower for Second Month Stocks in Asia/Pacific ended the week on a higher note subsequent to the drop in U.S. jobless claims, while the Japanese yen weakened amid speculation that ...

North American Commodity Update Commodities - Energy Crude Traders Unable to Exploit Technical Break as Risk Ways the Market Down Crude Oil (LS NYMEX) -  $80.39  //  -$0.48 //  -0.59% Without momentum to step in to support yesterday’s push above $80.50, the active light sweet crude futures contract on the NYMEX would ...

U.S. Session Key Developments •    Dow Jones Industrial Average Returns to Positive Territory For 2010 •    Jobless Claims Slightly Better Than Expected, Home Sales Plunge •    Commodities Decline as Greenback Gains Against European Counterparts U.S. stocks were generally higher for a fifth consecutive day as initial jobless claims and continuing claims were shown to ...

Europe Session Key Developments BoE and ECB Hold Rates Steady, ECB Sterling Continues to Slide Ahead of BoE Interest Rate Decision on Thursday Commodities are Generally Higher Amid Dollar Weakness and Economic Optimism European stocks were mostly higher for the fifth straight trading day.  The Stoxx Europe 600 Index gained 0.2 percent as ...

Asia Session Key Developments Gold Climbs to Six-Week High Copper Prices Rally for a Fourth Straight Day Hong Kong Retail Sales Rise Less-Than-Expected Stocks in Asia/Pacific were mixed on Thursday for the third consecutive day amid concern policy makers in China will tighten policy over the coming months, which could further ...

U.S. Session Key Developments •    Dow Jones Industrial Average Returns to Positive Territory For 2010 •    Jobless Claims Slightly Better Than Expected, Home Sales Plunge •    Commodities Decline as Greenback Gains Against European Counterparts U.S. stocks were generally higher for a fifth consecutive day as initial jobless claims and continuing claims were shown to ...