European Markets Trading Lower

European Markets Trading Lower

The welcome surge in Asian markets earlier Tuesday has not carried over into European markets at the beginning of their trading day. 

Both the FTSE in London and Frankfurt’s DAX indexes are down 0.4%, while the CAC-40 in Paris has lost 0.7%.   

The low numbers from Europe are a significant reversal from Asia’s strong finish, with all major indexes closing in positive territory.  Seoul’s KOSPI index led the way, earning 2.2%, while the indexes in both Hong Kong and Sydney closed 1.8% higher.  The Nikkei in Tokyo earned 1.4%, Taiwan’s TSEC index finished 1.1% higher, and Shanghai was 0.8% higher.   

Asia The latest futures coverage from MarketWatch Official FxPro Forex Broker Blog. Professional daily Forex market reviews and analysis. Economic calendar. iShares Silver Trust(NYSE:SLV): Bank on one of the most popular ways to trade silver like: SLV.

The welcome surge in Asian markets earlier Tuesday has not carried over into European markets at the beginning of their trading day. 

Both the FTSE in London and Frankfurt’s DAX indexes are down 0.4%, while the CAC-40 in Paris has lost 0.7%.   

The low numbers from Europe are a significant reversal from Asia’s strong finish, with all major indexes closing in positive territory.  Seoul’s KOSPI index led the way, earning 2.2%, while the indexes in both Hong Kong and Sydney closed 1.8% higher.  The Nikkei in Tokyo earned 1.4%, Taiwan’s TSEC index finished 1.1% higher, and Shanghai was 0.8% higher.   

Asia’s huge gains mirrored Monday’s big day on Wall Street, where stocks surged after U.S.-based biotechnology company Moderna said its initial tests for a possible coronavirus vaccine produced favorable results from a small sample of people.  The company said it is launching a large clinical trial in July to determine whether the vaccine is safe and effective.   

But all three major U.S. indexes are trading slightly lower in Tuesday morning futures trading.      

In oil trading, the price of U.S. benchmark West Texas Intermediate crude was $32.16 per barrel, up 1%, while the international benchmark Brent crude was down 0.8% at $34.53 per barrel.  

Source: www.voanews.com

Author: By VOA News

Tue, 05/19/2020 – 05:12


Futures

Futures

Gasoline demand in April suffered from its worst month on record, but signs of rebound in consumption as some U.S. states emerge from COVID-19 related lockdowns may offer a strong indication for higher oil prices ahead.

Gold futures climb on Wednesday to register a second straight finish above the $1,700-an-ounce mark, as traders weigh the outlook for economic growth and the prospects for negative U.S. interest rates to gauge the precious…

Source: www.marketwatch.com

Author: by Mark DeCambre


FxPro News, Financial Market Analytics

FxPro News, Financial Market Analytics

The Euro rose to two-week highs against the Dollar. Surpassing 1.0930, the common currency is close to restoring its losses from the beginning of the month to the Dollar. In this case, more than 1.2% growth in a day is…

The number of people claiming unemployment benefits in the U.K. soared in April, as the coronavirus outbreak created mass job losses in the country, the latest data showed. U.K. jobless claims rose by 856,500 to 2.097 million, the Office for…

European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday. New car registrations in the EU fell 76.3% in April,…

On the approaches to $10K, Bitcoin reencountered resistance, which pushed it back to $9,600. In 24 hours the coin loses more than 2% and also shows a decline in trading volumes by 11%. All altcoins have followed the first cryptocurrency…

Bitcoin starts the week on a positive note, adding 3% in the last 24 hours and changes hands for $9,800. At the moment, the most crucial struggle for the first cryptocurrency is unfolding again around the threshold of $10K. With…

The leaders of Germany and France proposed Monday a 500 billion-euro ($543 billion) recovery fund for European economies hit by pandemic. In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the proposed fund would see…

Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average traded 800 points higher, or 3.4%. The S&P 500 gained 3% while the…

• WTI under bullish pressure • Likely to rise to 35.00 WTI has been under bullish pressure after the price broke the resistance zone located between the resistance level 29.17 (top of the previous waves 4 and (ii)) and the…

• NZDUSD reversed sharply from support zone • Likely to rise to .6145 NZDUSD today reversed up sharply from the support zone located between the key support level 0.5923 (which created two consecutive Morning Stars in April), lower daily Bollinger…

• EURCHF reversed from support area • Likely to rise to 1.0550 EURCHF today reversed up from the support zone located between the pivotal support level 1.0504 (which stopped the earlier downtrend in April) and the lower daily Bollinger band….

• NZDJPY reversed from support area • Likely to rise to 65.70 NZDJPY today reversed up from the support area lying between the support level 63.60 (lower boundary of the sideways price range from March), lower daily Bollinger band and…

Last week the American market closed with a decline and failed to fully offset the drop of the beginning of the week. Futures on S&P500 added 0.9% at the beginning of the week. This happens against the background of data…

Source: fxpro.news


SLV: Trade of the Week: Silver

SLV: Trade of the Week: Silver

Precious metals are generally used as defensive assets in times of uncertainty. This has certainly been true of gold in recent weeks. Now, it looks like silver may finally be joining the party.

iShares Silver Trust (SLV)

Silver prices jumped last week, with the iShares Silver Trust (SLV) moving up 5% in one day. With $7 billion in assets, SLV is one of the most popular ways to trade silver. The options activity in SLV was extremely bullish, with thousands of calls being purchased, including a very large call butterfly strategy expiring in October.

Video Link: https://youtu.be/TgMJ1O14tJc

Want more great investing ideas?

Download free the “10-Step Options Trading Checklist” you need before making a trade

SLV shares were trading at $15.79 per share on Monday afternoon, up $0.28 (+1.81%). Year-to-date, SLV has declined -5.34%, versus a -7.81% rise in the benchmark S&P 500 index during the same period.

Jay is the lead Options Portfolio Manager at Investors Alley. He is the editor of Options Floor Trader PRO, an investment advisory bringing you professional options trading strategies. Jay was formerly a professional options market maker on the floor of the CBOE and has been trading options for over two decades. More…

Source: stocknews.com

Author: By Jay Soloff


European Markets Trading Lower

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