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S&P Levels of interest for 16 October 2017

R3  2564.00     R2  2560.25     R1  2556.50
Daily Pivot  2551.75
S1  2548.00     S2  2543.25     S3  2539.50
    Hi    2557.00   2560.25
Low  2548.50   2545.25

Todays Markets

Economic Calendar
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Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
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Latest News Headlines
Bloomberg: Aussie Drops in Listless Asia Trading; Stocks Flat: Markets Wrap
A shock drop in Australian retail sales dragged the Aussie lower, one of the few moves in otherwise becalmed Asia-Pacific markets. Bonds, equities and the dollar were all steady after U.S. data did little to change views on the timing or pace for monetary tightening. [more...]
Bloomberg: Oil Drops Below $50 as Record U.S. Exports Seen Flooding Market
Oil slid below $50 a barrel for the first time in two weeks as a flood of U.S. crude reignited concerns over a global glut. [more...]
Bloomberg: Only One Major Asian Stock Market Has Shrunk This Decade
Australia’s economy has grown faster than its developed-world peers over the past decade, uniquely avoiding a recession. That means its stock market has grown handsomely too, right? [more...]
Bloomberg: Paulson Says Sprott, Others Keen to Join Gold-Investors Group
Paulson & Co.’s plan for a coalition of gold-mining company investors has gotten a better-than-expected response, with one major investor already on board and another likely to join, according to the hedge fund. [more...]
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Bloomberg: Dollar Drops Amid Narrow Ranges as Traders Await Next Drivers
The dollar pared a second day of modest losses after a private-sector employment report came in as expected and a services industry gauge rose to a 12-year high. [more...]
Reuters: Asian shares edge up slightly after strong U.S. data
Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious. [more...]
Reuters: U.S. budget deficit could obstruct Trump's tax cut plan
The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying a week after the plan was introduced that any enlarging of the fiscal gap could kill his support. [more...]
Reuters: Oil stable on expectations of extended output cut, but U.S. crude exports drag
Oil prices were stable on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. [more...]
CNBC: Russia's energy minister says compliance for OPEC production cut is 'almost 100 percent'
The Organization of the Petroleum Exporting Countries has basically fully implemented an oil production cut, Russia Energy Minister Alexander Novak told CNBC. [more...]
CNBC: Asia mixed in afternoon trade — Australian retail sales record unexpected fall
Asia traded mixed on Thursday, with some Australian retailers faltering after lower-than-expected sales data showed consumers Down Under were cutting back. [more...]
CNBC: Russia denies that energy deals with Saudi Arabia are a threat to the US
The chief executive of Russia's sovereign wealth fund has denied that forming closer energy ties with Saudi Arabia is about politically sidelining Washington. [more...]
Currency Strength Indicators
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​​​​​​​The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here

Trade with the Trend! Join today by clicking below and know which way to trade by accessing our market directional signal!

Disclaimer Notice

Past performance is not indicative of future results. Trading stocks, options, forex, CFDs and equites carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

The information provided by Edvesting.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Edvesting.com are merely providing this information for your general information. The information and opinions presented do not take into account any particular individual's investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite.

Edvesting.com and/or its owners will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on Edvesting.com. Edvesting.com does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Yen, Treasuries Advance as Korea Threats Linger: Markets Wrap
Asian equities were mixed, the yen and gold extended gains, and Treasuries rallied as traders digested reports of North Korean plans for a ballistic missile launch on the heels of Sunday’s nuclear test. [more...]
Bloomberg: Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. [more...]
Bloomberg: Here’s How North Korea’s Nuclear Test Has Affected Markets
Here we go again. Financial markets are registering some modest flight-from-risk in the aftermath of North Korea’s most powerful nuclear test yet. [more...]
Bloomberg: Trump and Moon Agree to Show Muscle After North Korea Nuke
U.S. President Donald Trump agreed to support billions of dollars in new weapons sales to South Korea after North Korea’s largest nuclear test, while his ambassador to the United Nations said the U.S. would seek the strongest possible sanctions against Kim Jong Un’s regime. [more...]
Bloomberg: Yuan's New Role as Haven Is Last Great Hope for Dim Sum Debt
A record rally in the offshore yuan is rekindling hope for the Dim Sum bond market. [more...]
Reuters: U.S. gasoline prices slip as oil industry bounces back from Harvey
U.S. gasoline prices fell on Monday as the nation’s oil heartland continued to claw its way back from the devastation wrought by Storm Harvey, with shipping channels, pipelines and refineries restarting operations. [more...]
Reuters: Global stocks on defensive after selloff on North Korea fears
Asian shares were on the defensive on worries about North Korea but expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks and copper prices. [more...]
CNBC: Asian stocks feel the pressure after US says North Korea wants war
South Korea is aiming to bulk up its warhead arsenal in response to further provocation from the North. Pyongyang is reportedly moving a large intercontinental missile towards the coast in what appears to be a launch preparation. [more...]
CNBC: China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms
Regulators are about to begin scrutinizing China's initial coin offerings — an industry worth hundreds of millions of dollars. [more...]
CNBC: ICO crackdown may just be the start
China is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported, citing sources. [more...]
Currency Strength Indicators
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Trade with the Trend! Join today by clicking below and know which way to trade by accessing our market directional signal!

Disclaimer Notice

Past performance is not indicative of future results. Trading stocks, options, forex, CFDs and equites carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

The information provided by Edvesting.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Edvesting.com are merely providing this information for your general information. The information and opinions presented do not take into account any particular individual's investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite.

Edvesting.com and/or its owners will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on Edvesting.com. Edvesting.com does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

Todays markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: U.S. Policy, Jackson Hole Weigh on Asian Trading: Markets Wrap
Fresh concerns about the Trump administration’s ability to enact its fiscal agenda kept Asian stock gains in check on Thursday ahead of the Jackson Hole central-bank meeting. Australian bond yields fell to track the Treasuries market. [more...]
Bloomberg: Five Things You Need to Know to Start Your Day
Drama over the debt ceiling, oil stockpiles slide again, and Typhoon Hato’s havoc could extend to Macau’s casinos. Here are some of the things people in markets are talking about. [more...]
Bloomberg: Trump's Olive Branch to North Korea Opens Slim Path to Talks
It’s now been 27 days since North Korea launched a missile. That’s equal to the longest stretch that Pyongyang has gone since February without firing off a rocket. [more...]
Bloomberg: One of Bitcoin’s Big Winners Is Raising $100 Million for a Crypto Fund
While the largest cryptocurrencies have all seen eye-popping rallies this year, it’s also a volatile market, prone to hacking and regulatory changes. One of the most salient issues now, for instance, is whether ICO tokens -- which CoinDesk data show have raised $1.8 billion for startups so far -- will be subject to securities regulations. [more...]
Bloomberg: ECB's Hansson Shrugs Off Euro Gains for Now
European Central Bank policy maker Ardo Hansson said he isn’t currently concerned about the strength of the euro as officials prepare to discuss how to wind down their bond-purchase program. [more...]
Reuters: Asia stocks brush off Wall St. slide after Trump's comments, dollar revives
Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump threatened to shut down the U.S. government and end the North American Free Trade Agreement. [more...]
Reuters: Oil steady after U.S. crude stockpiles drop; traders watch Gulf of Mexico storm
Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. [more...]
CNBC: Trump's government shutdown threat brushed off by Republicans and investors
President Trump sparked criticism from fellow Republicans after declaring he'd be willing to shut down the government in order to build a border wall with Mexico. [more...]
CNBC: Cash is useless in Venezuela thanks to hyperinflation — so people are turning to bitcoin
As Venezuela suffers its worst meltdown in history, with inflation skyrocketing and basic necessities running in short supply, many have taken to bitcoin mining in a bid to survive, according to a report in the current issue of the Atlantic. [more...]
Currency Strength Indicators
Image

Trade with the Trend! Join today by clicking below and know which way to trade by accessing our market directional signal!

Disclaimer Notice

Past performance is not indicative of future results. Trading stocks, options, forex, CFDs and equites carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

The information provided by Edvesting.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Edvesting.com are merely providing this information for your general information. The information and opinions presented do not take into account any particular individual's investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite.

Edvesting.com and/or its owners will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on Edvesting.com. Edvesting.com does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.

Todays Markets

Economic Calendar
Image
Trading Sentiment​​​​​​​
Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Image
Latest News Headlines
Bloomberg: Asia Raw-Material Producers Gain as Resources Jump: Markets Wrap
Asian raw-material producers advanced after a surge in commodity prices bolstered optimism the global economy can gather momentum. Oil extended last week’s strongest rally this year. [more...]
Bloomberg: Oil Skeptics Exit as Market Dispels Gloom to Flirt With $50
As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way. [more...]
Bloomberg: Draghi Pledged 'Whatever It Takes.' It Took 1.2 Trillion Euros
So how much did it end up taking after European Central Bank President Mario Draghi memorably said five years ago he’d do “whatever it takes” to save the euro? [more...]
Bloomberg: Here's Why Japanese Stocks Don't Look So Hot Anymore
After handily beating the rest of Asia for much of the past five years, Japanese stocks are lagging behind in 2017, with strategists now worrying about the outside chance of the author of Abenomics stepping down. [more...]
Bloomberg: Japan Industrial Output Rebounds in Sign of Further Recovery
Japan’s industrial production rebounded in June, as global demand continued to support the nation’s economic recovery. [more...]
Reuters: Asia stocks start data-heavy week with gains; dollar creeps up
Asian shares turned positive on Monday, shrugging off a new North Korean missile test as investors turned their attention to a raft of global economic data and earnings this week, while the dollar crept up but remained capped by U.S. political concerns. [more...]
CNBC: Europe's biggest bank records 5 percent jump in profit, announces buyback
HSBC has posted a five percent in first half profit to 10 point 2 billion dollars, beating expectations. [more...]
Bloomberg: Trump’s Dollar Mess: Losses Pile Up as Political Drama Mounts
President Donald Trump loves to trumpet the record run in U.S. stocks. “Stock market hits another high with spirit and enthusiasm so positive,” he tweeted on July 12, in one of eight posts about the market this month. [more...]
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Currency Strength Indicators
Image

Trade with the Trend! Join today by clicking below and know which way to trade by accessing our market directional signal!

Disclaimer Notice

Past performance is not indicative of future results. Trading stocks, options, forex, CFDs and equites carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

The information provided by Edvesting.com should not be relied upon as a substitute for extensive independent research which should be performed before making your investment decisions. Edvesting.com are merely providing this information for your general information. The information and opinions presented do not take into account any particular individual's investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of their trading to their personal risk appetite.

Edvesting.com and/or its owners will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained on Edvesting.com. Edvesting.com does not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.