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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: Why a Bank of England Rate Rise Could Spook Britain’s Economy
The Bank of England, led by Governor Mark Carney, is expected to raise interest rates for the first time in more than 10 years on Thursday. (more...)
Bloomberg: Dollar Slips With Treasury Yields; Stocks Mixed: Markets Wrap
The dollar declined with Treasury yields amid uncertainty about the prospects of U.S. tax cuts and as investors digested news that President Donald Trump will pick Jerome Powell to lead the Federal Reserve. (more...)
Bloomberg: Tesla's Chinese Suppliers Sink on Slower EV Timeline
Chinese companies that supply Tesla Inc. fell Thursday after Elon Musk indicated his pioneering electric car firm won’t start making vehicles in the world’s largest auto market this decade. (more...)
Bloomberg: Trump Selects Powell for Fed Chairman, Replacing Yellen
President Donald Trump plans to nominate Federal Reserve Governor Jerome Powell to the top job at the U.S. central bank, according to four people familiar with the decision. (more...)
Bloomberg: Credit Suisse Assets Surge to Record in Wealth Management Pivot
While Credit Suisse Group AG wasn’t immune to the trading slump that engulfed rivals, Chief Executive Officer Tidjane Thiam’s pivot to wealth management propelled assets under management to a record. (more...)
Bloomberg: Dollar Rebuilds Gains as FOMC Statement Leaves December in Play
The dollar rebuilt gains after the Federal Open Market Committee said it sees the economy expanding at a “solid” pace despite hurricane-related disruptions; officials left the policy rate unchanged in a widely telegraphed decision. (more...)
Reuters: Asian shares rise on Fed optimism, sterling firms on expected BOE hike
Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike as investors awaited the formal nomination of the next head of the central bank. (more...)
Reuters: Fed keeps rates unchanged, remains on road to December hike
The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. (more...)
Reuters: Dollar retreats ahead of U.S. tax bill, pound prepares for rate decision
The dollar pulled back from a 3-1/2-month high versus the yen and also fell back against the euro on Thursday, sagging ahead of a U.S. tax bill that will be unveiled after a one-day delay. (more...)
CNBC: Trump's underlying message on North Korea is the 'right' one, former UN head says
President Donald Trump's rhetoric on North Korean nuclear aggression has been widely criticized for being too inflammatory, but former United Nations Secretary-General Ban Ki-moon said he believes the Republican's underlying message is inherently the right one. (more...)
CNBC: Bitcoin rallies to another record high of $6,900
Bitcoin hit another all-time high Wednesday evening, surpassing $6,900 for the first time.
The cryptocurrency has had a bullish streak throughout the week following the CME's announcement that it will introduce bitcoin futures contracts. (more...)
CNBC: Bitcoin is a commodity, not a currency, Allianz's Mohamed El-Erian says
Bitcoin, despite the large amount of interest it has attracted, has not achieved the kind of stability a currency should possess, Allianz Chief Economic Advisor Mohamed El-Erian said, adding that he agrees with the notion that the cryptocurrency is more of a commodity. (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

Program Trading for 2 November 2017

Sell Programs No Programs Buy Programs
Index Sell
Active (SA)
Sell
Threshold (ST)
Fair Value
(Premium) (FV)
Buy
Threshold (BT)
Buy
Active (BA)
S&P
500
(TM)
-4.40 -3.81 -3.02 -1.62 -0.58
NASDAQ
100
(SM)
-7.14 -4.56 -1.10 2.99 6.05
Dow Jones
Ind. Avg.
(SM)
-66.10 -63.99 -61.16 -44.99 -32.91

S&P Levels of Interest for 2 November 2017

R3 2600.00 R2 2591.58 R1 2583.17
DP 2577.08
S1 2568.67 S2 2562.58 S3 2554.17

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 Stocks Mixed After China PMI; Bonds Advance: Markets Wrap
Equity markets in Asia fluctuated and bonds added to gains as caution crept into markets following a drop in China’s factory gauge and as investors continued to assess developments on U.S. tax reform. (more...)
Bloomberg: China Factory PMI Falls From Five-Year High on Pollution Cleanup
China’s official factory gauge fell this month, with new orders and prices leading the decline, as officials increasingly prioritize a campaign to clamp down on polluting industries and rein in debt. (more...)
Bloomberg: Britain’s Taxman Wants to Make Money From MiFID
Banks and money managers are waiting to hear if one of life’s certainties -- taxes -- will apply to investment research payments under MiFID II. (more...)
Bloomberg: Pimco Quants Find Stocks Need a Better Hedge Than Just Bonds
The old recipe of using bonds to hedge against risks from equity holdings may not be a winner anymore, and investors would be better off with a more complex approach that relies on multiple tactics, according to Pacific Investment Management Co. analysis. (more...)
Bloomberg: Ryanair Profit Gains as Strong Prices Offset Pilot-Crisis Impact
Ryanair Holdings Plc’s first-half earnings gained 11 percent as price declines stabilized over the peak summer months, more than offsetting the cost of a pilot shortage that triggered flight cancellations for about 700,000 passengers. (more...)
Bloomberg: Dollar Starts Week Lower Before Central Bank Meetings, Fed Pick
The dollar started the week with a decline, dropping versus most of its G-10 peers amid month-end profit-taking and ahead of central bank decisions. (more...)
Reuters: Asia gains as South Korea hits record high, dollar sags on White House woes
Asian stocks mostly rose on Tuesday, shaking off downbeat factory readings out of China, while the dollar sagged after investigators probing Russian interference in the 2016 U.S. election charged President Donald Trump’s former campaign manager. (more...)
Reuters: Oil eases on profit-taking but sentiment remains strong as supply cuts bite
Oil prices eased on Tuesday as traders took profits following days of gains and as the prospect of increasing U.S. exports dampened overall bullish sentiment that has driven Brent above $60 per barrel. (more...)
CNBC: The US is monitoring India's currency — that alone could hurt the Indian economy
India's persistent buying of the U.S. dollar to keep its local currency cheap has caught the attention of the U.S. Treasury, increasing the risk that Asia's third-largest economy could soon face the ill effects of a "currency manipulator" branding. (more...)
CNBC: If the price of oil goes up, the appetite for reform will go down, says the IMF's MENA director
Changes abound in the Middle East and North Africa, but the pace of reform needs to increase, according to one senior voice at the International Monetary Fund (IMF). (more...)
Currency Strength Indicators
Image
​​​​​​​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

Program Trading for 31 October 2017

Sell Programs No Programs Buy Programs
Index Sell
Active (SA)
Sell
Threshold (ST)
Fair Value
(Premium) (FV)
Buy
Threshold (BT)
Buy
Active (BA)
S&P
500
(TM)
-4.29 -3.64 -2.77 -1.34 -0.28
NASDAQ
100
(SM)
-7.35 -4.44 -0.52 3.02 5.66
Dow Jones
Ind. Avg.
(SM)
-71.74 -66.24 -58.87 -43.73 -32.43