TOOLS TRADES - Trading Strategy

Apr

April Daily Review - 06/04

: Donald Herison; English; MARKETS NEWS; 06 April 2015; 06

Apr; 10 February 2016; Hits: 1190

During today’s early trading session, Asian stocks traded slightly lower but with little volatility as markets in China, Australia, New Zealand, Europe and the UK closed for the Easter holiday. Market spectators also remain cautious over the indefinite deal on Iran’s nuclear program.

On Friday the Euro jumped against the Dollar following the release of U.S. jobs data. The release of the Nonfarm Payrolls showed a significantly lower than expected figure, which was forecast at 245,000. During the month of March 126,000 more people were employed, this negative data added to concerns that the Fed will delay an interest rate increase. Earlier comments made by Fed Chair Janet Yellen indicated that a future rate hike will be based on an improving labour market. The EUR/USD is trading close to Fridays high but with little movement due to market closure, the pair is currently testing support at 1.095 and resistance at 1.102. The Dollar could weaken over the mid-term as negative sentiment weighs over future monetary policy decisions.

Traders are now awaiting the release of the U.S. ISM Non-Manufacturing PMI and the Canadian Ivey PMI taking place later today, however, we expect to see higher reaction and trading volumes when markets reopen tomorrow.

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Apr

4 Tips for Today’s Trading - 06/04

: Donald Herison; English; SCHOOL; 06 April 2015; 06

Apr; 10 February 2016; Hits: 1984

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

1. Stocks set to slide

U.S. stock futures are firmly in negative territory as investors get ready to react to the disappointing U.S. jobs report, which was released on Friday when markets were closed.

The monthly jobs report showed only 126,000 jobs were added in March, the lowest since December 2013 and well below the 244,000 new jobs expected by economists.

The unemployment rate remained stable at 5.5%.

2. Show me the money!

Despite continual talk about its difficult financial situation, Greece said it has enough money to make a crucial debt payment this week to the International Monetary Fund.

Greece needs to pay the IMF about 460 million euros ($505 million) this week, but some were concerned the country wouldn't come up with the money.

European traders are expected to react to this latest Greek development on Tuesday when markets reopen after the long weekend.

Greece needs to repay its loans or risks stumbling out of the eurozone.

3. Crude recovery

Oil futures are climbing ahead of the open, recovering from a dip last week as traders worried about Iran soon ramping up its oil production.

Crude is rising by about 3% to trade around $50.50 per barrel.

The U.S. and other world powers reached a tentative agreement last week that would see Iran scale back its nuclear capabilities, which would lead to a lifting of international sanctions. These sanctions have kept Iran from pumping and exporting its vast oil reserves.

4. Thursday market recap