Oil rose for a second straight session in light activity on Friday, as supply concerns and economic optimism fuelled a rebound from a 7 percent slide earlier in the week.
Oil dropped from Monday to Wednesday on rising US inventories and Saudi efforts to tame prices.
The decline followed weeks of concern about the...
Read more »
Crude Oil Day Trading
Supply Concerns and Economic Optimism Lift Crude Oil Markets
Lacklustre NFP Figure Boosts Commodities Markets
Commodities spread trading markets rose broadly on Friday as the dollar fell to a near four-month low against the euro after disappointing US job numbers for August led to expectations for further US stimulus.
Gold prices rushed to a six-month peak, copper hit a near 4-month high and oil rose for a third day as...
Read more »
Index CFD Trading Markets Rise Despite Eurozone Q2 Contraction
The Eurozone’s economy contracted in the second quarter, figures showed yesterday.
Germany registered positive GDP but it was a grim picture across the rest of Europe and the disparity between Germany and other European countries which are at the heart of the crisis, continues to grow wider.
The data saw index spread trading markets...
Read more »
Tullow Oil Stock Underperforms Following Disappointing Trading Update
European Spread Trading Markets
In what was essentially a very lacklustre day on European markets, banks and energy stocks took a breather after yesterday’s gains and bourses generally consolidated amid wafer thin trading volumes.
All eyes were firmly on Bob Diamond’s testimony before the Treasury Select Committee.
The former bank chief denied that the Bank of...
Read more »
Commodities Day Trading: Supply Worries See Sugar Rally 3 Percent
Metals and oil prices closed up on Friday after central banks across the world pledged to avert any market disruptions from weekend elections in Greece.
In day trading, the dollar fell against the euro, providing support to commodities priced in the greenback, as central banks in major economies stood ready to pump money into markets...
Read more »
Day Trading: Oil Falls on Demand Concerns and Chinese Rates Cut
Oil prices slipped on Friday as the Eurozone’s debt crisis and dimming hopes for US monetary stimulus reinforced concern about petroleum demand, but disappointing talks between Iran and the UN’s nuclear agency limited losses.
The day trading charts on cityindex show the intraday recovery allowed crude to post a weekly gain of 1.05%, snapping...
Read more »
Day Trading: Crude Oil Prices Fall amid Rising OPEC Output
Oil fell on Friday and posted a second straight weekly loss as pressure from weak industrial growth in China countered news that US consumer confidence hit a four-year high. Crude fell 8.4 percent the past two weeks, its largest since September 30.
Oil prices have been battered by rising OPEC output that has helped...
Read more »
Weakening US Dollar Pushes Oil Spread Trading Markets Higher
Oil rose in recent day trading activity to post the biggest quarterly gain since the beginning of 2011 as the growing threat of a disruption of Iranian exports added to supply concerns.
Oil markets, on edge about the potential loss of exports from Iran, briefly spiked in recent trading activity after the Obama administration...
Read more »
Forex Spread Trading: EUR/USD Rallies on Bernake’s Dovish Comments
Bernanke does it again…
In forex spread trading, EUR/USD leapt by 100 pts (1 cent) in less than 20 minutes after Bernanke’s dovish comments.
The Fed Chairman dragged down the greenback and boosted metals in another dovish speech indicating:
“we cannot yet be sure that the recent pace of improvement in the labour market will...
Read more »
Limited Risk Spread Trading Accounts
Financial Spreads, has launched a new limited risk spread trading account.
The new account is designed to help investors by placing a Guaranteed Stop Order on every new position. A Guaranteed Stop Order puts an absolute limit on how much an investor can lose on a trade without putting a limit on the potential profit.
According...
Read more »