Tradesto

Dear traders,
Due to national holiday, trading on following instrument will be:
Cancelled:
15.07.2019
JAP225

All times stated are according server time EET, GMT+3.
Please be advised that due to thin liquidity in the market, you may also experience probability of wider spreads than usual.
Should you have any questions, please contact our Client Services via live chat or email us at [email protected]

Asian markets headed broadly lower Monday as investors across the region reacted to the stronger than expected U.S. jobs report from last Friday, and to the reduced chances of a U.S. interest rate cut as a result. Next up is the testimony of Fed chairman Jerome Powell later this week, and investors will be interested to see if he gives hints about the timing of U.S. rate cuts.

Mainland China’s markets opened sharply lower, Hong Kong’s investors are taking their lead from the mainland, sending the Hang Seng lower by 1.4%. In Japan the Nikkei trades down by 0.9%, Australia’s S&P/ASX 200 trades lower by 1%.

Asian markets are trading lower Friday morning as the highly anticipated G-20 summit gets ready to kick off in Osaka, Japan. The highlight of the summit is expected to be the meeting between U.S. president Donald Trump and China’s president Xi Jinping. The two are scheduled to meet on Saturday and are expected to discuss trade between their two countries.

The Canadian dollar lost around 0.12 % yesterday after the market tried to scale back the likely rate reductions in 2019 by the Fed.

Now, the pair trades at 1.32960 CAD, which is a minor incline of 0.00121 or 0.09% from the previous close of 1.32833.

The trading volume 34.283K.The daily range is from 1.3276 to 1.3298. The concerns over trade sanctions also advanced the precedent of a relatively easy solution of the trade war with Mexico.

However, there are many question marks about the possible outcome of the US-China trade dispute will be ahead of a potential meeting in Japan, later this month.

Moreover, the USD seems to lose some ground after a medium-term losing trend since the start of the month. Meanwhile, the major resistance is around the level of 97.80.

Greetings from Tradesto!

Tradesto wishes you a very happy and peaceful Eid.
May Allah accept your good deeds, forgive your transgressions and ease the suffering of all people around the globe.

Due to Hong Kong Tuen Ng holiday on 7th June 2019, HKIND instrument will be cancelled.

Please be advised that due to thin liquidity in the market, you may also experience probability of wider spreads than usual.

Should you have any questions, please contact our Client Services via live chat or email us at [email protected]
Thank you.

USD/JPY investors and traders are focused on and the pair is now at a five-day high. The pair fluctuates into a narrow range today of around 20 pips but is at the highs as markets are in a calmer mood to start the new day. Treasury yields are mostly flat after a recovery in overnight trading.

The pair now trades at 109.672 JPY, which is an addition of 0.079 or 0.07% from the previous close of 109.593. The trading volume is 81.385K. The daily range is from 109.47 to 109.75.

Moreover, the number of trader’s net-long is 3 % higher than yesterday and 11.5% higher from last week, while the number of trader’s net-short sunk 2% versus yesterday.

National Holidays!!!
We would like to inform you that there will be changes to the trading hours for the following symbols listed below due to national holidays.

The following instruments will be cancelled:
27.05 Monday
UK100

30.05 Thursday
SUI20

The following instruments will be changed:
27.05 Monday
US30, US100, US500, NGAS, WTI, XAUSUD, XAGUSD - Trading till 19:00

BRENT - Trading till 19:30

Google has suspended business activity with Huawei that involves the transfer of hardware, software and key technical services.

That means Huawei will not be able to license the Android operating system complete with Google services and will instead have to use an open-source version.

" Huawei will continue to provide security updates and after sales services to all existing Huawei and Honor smartphone and tablet products covering those have been sold or still in stock globally. We will continue to build a safe and sustainable software ecosystem, in order to provide the best experience for all users globally", the spokesperson said.

Trump had revenue of at least $434 million in 2018.

President Donald Trump’s latest financial disclosure report shows he had at least $434 million in revenue last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago.

The report, released Thursday, is required to be filed annually with the Government Ethics Office. It covers the president’s finances for 2018, his second year in office.

The filing reveals that Trump in 2018 had a minimum of $434 million in revenue from all sources, which include various businesses such as hotels, golf courses, and book revenue.

Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5% for the propery, which was purchased last year.

Former Goldman CEO Lloyd Blankfein: Trump’s tariffs aren’t a bad idea.

The United States may be feeling the pain of tariffs now, but they will hurt China in the longer term, said former Goldman Sachs CEO Lloyd Blankfein. “Saying it hurts us misses the point. China relies more on trade and loses more.”

Trade tensions between the world’s two largest economies escalated in the last week. U.S. President Donald Trump’s administration raised tariffs on $200 billion worth of imported goods from China to 25% from 10%. In response, Beijing retaliated with duties of up to 25% on $60 billion worth of U.S. goods that are set to take effect on June 1.

We would like to inform you that there will be changes to the trading hours for the following symbols listed below due to Buddha Birthday holiday.

The following instruments will be cancelled:
13.05 Monday
HKIND