Trading Blogs

Market Analysis: GOLD 7/22/2014

Kibali Passing Further Milestones En Route to Production Target

Rangold Resources (RRS.L) (GOLD) - The Kibali gold mine in the Democratic Republic of Congo, officially opened by the country's Minister of Mines two months ago, is continuing to make steady progress towards the production target set for its first full year of operation, Randgold Resources chief executive Mark Bristow said here today. Randgold is the developer and operator of the project, which it owns in partnership with AngloGold Ashanti and the Congolese parastatal SOKIMO.

Daily Market Review - 07/22/2014

US Stock Market

Wall Street finished yesterday’s trading in the red amid fears the crises in Gaza and Ukraine may begin to threaten global economic recovery. The NASDAQ fell by 0.17%, the Dow Jones by 0.28%, and the S&P lost 0.23% from its value. Technically, according to the 4-hour chart, the NASDAQ is holding below the resistance of 3,933. Depending on whether it succeeds in breaching the resistance or not, we may see a rise to around 3,980 or a fall towards 3,880 areas.

Gold

Gold rose, closing at ,312 an ounce on demand from investors seeking safe harbor from geopolitical tensions. Technically, according to the 4-hour chart, gold is trading below the resistance of ,318. As long as it maintains this condition with MACD indicator below 0, a fall towards ,300 is expected. However, breaching the resistance may lead it towards 30 areas.

Resistance

1,318

1,325

1,332

Support

1,305

1,300

1,295

Weekly Trade Recap: 7/14 - 7/21

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Here's July's Copy Trading Team!

You are allowed to copy up to 5 traders on your eToro CopyTrader account. We have done the dirty work for you. Below you will find a healthy mix of traders with a wide variety of risk tolerance, leverage usage, trading frequency, and returns. We recommend picking 5 of these traders to follow for the next month for your portfolio:


High Risk / High Reward

  • 1

    Weissensee

    Small gains, but gains nonetheless. Be prepared for swings with weissensee

  • 2

    Domyf92

    Another huge month for domyf92 with over 100% in returns over the past two months. Add him!

  • 3

    Alvindecruz

    Our newest HIGH risk trader had some ups and downs, but ended the month profitable, saving his spot for the July Team.

Medium Risk / Medium Reward

  • 1

    Dimitrios1

    With several trades still pending, these small gains have the potential to turn much larger in July. A safe Medium Risk trader.

  • 2

    Richardjagelski

    His stats are exactly what we are looking for in a Medium Risk trader with 11.86% in returns for June.

  • 3

    Marcomanica

    16.81% in profits poured into the accounts of those that copy the trades of marcomanica - are you one of them?

  • 4

    Laz6666

    Yet another month of small and steady gains from laz6666. You won't get rich off his trades but your balance will constantly grow.

Low Risk / Low Reward

  • 1

    Malsolo

    Malsalo stays on the team for July. He has proven his profit potential and for those traders that are very patient, he is perfect for your portfolio.

  • 2

    Taetae3751

    For a LOW risk trader, taetae3751 blew away all expectations with his 10.05% in gains from June. Let's hope he keeps up the profits!

  • 3

    Markthandel

    Steady steady steady. markthandel is a perfect addition to your team if you have other Medium and High risk traders - he levels out their risk.

Why Apple is Rooting for Tesla

What Do Apple and Telsa Have in Common?

On the surface of things, Apple and Tesla have very little in common. Besides being two of the most successful and looked up to companies in the world, Tesla’s domination of the electric auto industry seems to have nothing to do with Apple’s endeavors in the personal computers and mobile technology fields.

So why is Apple now looking to Tesla to give it a boost against its competitors?

Tesla’s “Gigafactory”

Tesla Motors has announced plans to open a battery making mega-factory in partnership with Panasonic, a big player in the lithium-ion battery manufacturing field, by 2017.

How Traders Lose Profits

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If you are a FOREX trader and your profits are disappearing even when you think you are doing everything right, most probably, you are getting hit by brokers with overnight swap charges. Read this article to know all about these charges and what factors are involved.

The concept of overnight swap charges – demystified:

Remember: FOREX trading is in reality an exchange of currencies. You borrow one currency and exchange it with the currency you already have. In a nutshell, overnight swap charge is the difference in interest rates applied to currencies at the time of exchange. You pay a fee according to the interest rate applied on the currency you borrowed. On the other hand, you receive a return according to the interest rate applied on the currency you exchanged. This interest rate is affected by many causes such as the difference in exchange rate of the two currencies being traded.

Daily Market Review - 07/18/2014

EUR/USD

EURUSD_July 18

The Euro continues to decline, though recent pattern on the chart suggests slowing of the trend. Current consolidation might be just a pause before resumption of bearish trend.

USD/JPY

USDJPY_July 18

The asset has rebounded from 101.12. It is rapidly...

Daily Market Review - 07/17/2014

US Stock Market (NASDAQ)

NASDAQ

Wall Street finished higher yesterday with the NASDAQ rising by 0.22%, the S&P 500 by 0.42%, and the Dow Jones adding 0.45% to its value. Technically, according to the daily chart, as long as the NASDAQ is holding above...

July NFP promotion: Double the Credits for mobile users!

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Apple Makes An Alliance with IBM

Apple Portrayed IBM as Their Big Brother 30 Years Ago

Apple unveiled a new alliance with IBM just as the tech world is marking the 30th anniversary of one of the most famous TV ads in history.

In 1984, Apple portrayed Big Blue as an Orwellian “Big Brother,” and itself as IBM’s daring, heroic Silicon Valley challenger.

The ad, directed by Ridley Scott, features a dystopic future in which a Big Brother character is speaking before a group of zombie-like followers. An unnamed heroine being chased by security forces then hurls a hammer at Big Brother, shattering the screen. A voice then says: “On January 24, Apple computer will introduce Macintosh. And you’ll see why 1984 won’t be like “1984.”


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