TOOLS TRADES

Dec

Daily Video Review - 12/12

: Donald Herison; 12 December 2014; Hits: 1264

Dec

12/12/2014 - December Daily Review

: Donald Herison; 12 December 2014; Hits: 1407

US markets climbed after the release of positive data. Gains were initially stronger but declines were seen after oil prices dropped further.

Asian markets were mixed during today’s session. The Nikkei added 0.66% ahead of General elections on Sunday.

European markets are lower today as oil prices continue to fall. The FTSE 100 is currently down 1.54% and is being led by losses in energy companies.

Oil dropped below $60/barrel following a decision by the IEA to cut the demand outlook for 2015. This comes after OPEC and the EIA already reduced their 2015 forecasts. US supplies continue to increase and the price war is ongoing between OPEC and U.S. Shale Producers. It is estimated that the price could keep falling until OPEC decides to cut supply.

Gold declined slightly following positive US data. The price has remained above $1,220.000 as the global outlook is still on the downside. However, as US data continues to improve, speculation is boosted that interest rates could be raised sooner than expected.

Talk to us to get get FREE signals and start earning now:

Other top stories:

4 Tips for Today's Trading - 12/12

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

Dec

4 Tips for Today’s Trading - 12/12

: Donald Herison; 12 December 2014; Hits: 3284

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

1) Moving Into the Red

US stock futures are all heading lower, and the mood is downbeat.

Despite a decent rally on Thursday, market performance over the rest of the week has been lackluster. All the main US indexes look set to close the week with losses.

The main European markets were down by about 1.5% in early trading. Asian markets ended mixed.

2) Oil Slips Further

Oil prices are continuing their downward trajectory, with US crude futures dipping below $59 per barrel.

The Paris-based International Energy Agency cut its forecast for demand growth in 2015.

Oil prices have fallen by more than 40% since June due to a supply glut.

3) Russian Ruble Hits a New Low

The Russian ruble hit a new record low versus the US dollar Friday despite Thursday's interest rate rise -- the fifth this year. The economy continues to be hit from all sides by falling oil prices, Western sanctions and high inflation.