23.02.2017 - YESTERDAY WAS AN AMAZING DAY - 80% PROFIT

      Forgot Login?   Sign up  

Sentiment is strong as the new year kicks off.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

Sentiment is strong as the new year kicks off.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Positive start to 2017

1. Positive start to 2017

Traders are not wasting any time in the new year.

U.S. stock futures are rising and global stock markets are all pushing higher.

The upbeat mood is being attributed to strong Chinese economic data. The Caixin Purchasing Managers' Index, which tracks manufacturing activity in China, showed the fastest rate of improvement since January, 2013.

The government's official manufacturing index was also positive, but not as upbeat as the Caixin report.

2. Oil reaches new highs

2. Oil reaches new highs

Crude oil futures have hit their highest level in 18 months as traders express confidence that major oil producing nations - led by OPEC - will follow through on promises to cut production.

Crude is currently trading around $54.30 per barrel.

3. Dollar jumps back toward 14-year high

3. Dollar jumps back toward 14-year high

The U.S. dollar resumed its rally on Tuesday, climbing back toward its 14-year-high against a basket of currencies as the prospect of rising U.S. interest rates this year kept sentiment bullish.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.95% at 103.34 in early trade, within sight of a 14-year peak of 103.62 touched on December 20.

USD/JPY was up around 0.65% at 118.26, not far from an 11-month high of 118.65.

EUR/USD was fell 0.55% to 1.0398, moving back toward a 13-year low of 1.0352.

4. It’s all about tech

4. It’s all about tech

The annual Consumer Electronics Show - better known as CES - opens in Las Vegas around 13:00 GMT.

Prepare for tech giants and automakers to unveil a range of new products designed to shock and amaze customers. The conference attracted nearly 180,000 visitors in 2016.

 

 

 

 

Author: Roger Gain
My precious articles

Dictionary: