eToro Daily Update 13/08/2019

Etoro
August 13, 2019

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Wall Street continues to decline

Another day of losses yesterday on Wall Street, as the DJ30, SPX500 and NSDQ100 indices registered declines of 1.2% or more. The recent losses are attributed to the continuing drop in the 10-year treasury bond yield. The tech sector remained lower, as Google, Facebook, Microsoft and Amazon each declined at least 1%.

MSFTMicrosoft

135.71 -2 (-1.45%)

98% buying

GOOGAlphabet

1173.02 -14.99 (-1.26%)

99% buying

Today’s highlights: Gold breaks 6-year high

Cryptos remain in the red: The cryptocurrency market stayed on its negative trajectory over the past 24 hours, as all top 10 cryptos were seen lower at the time of writing. Bitcoin fell around 0.4% while Litecoin led the top 10 with losses of around 3%

Hong Kong shutdown impacts Asian markets: The ongoing protests in Hong Kong, which resulted in hundreds of cancelled flights and the Chinese government saying it might intervene, weighed on markets in the East this morning. The HKG50 index fell by more than 1.5%, joined by the JPN225 index. In contrast, the China50 index was seen slightly higher.

Gold continues to climb: The precious metal remained higher this morning, as gold surpasses its 6-year high. The recent uptick is attributed to more investors hedging their investments with safe-haven assets in light of the recent volatility in global markets.

Volatility expected for USD: Monthly CPI reports will be published in the US at 12:30 GMT, potentially generating volatility for the greenback.

Oil gaining for 4th consecutive day: After experiencing a massive drop last week, oil has been on a recovery path over the past 3 sessions, which continued this morning with additional moderate gains.

Europe opens mixed: While the UK100 opened 9 points higher, both the GER30 and FRA40 opened 4 points lower.

HKG50HKG50

25296.5 -468.5 (-1.82%)

54% selling

GOLDGold

1523.11 13.13 (0.87%)

58% buying

EURUSDEUR/USD

1.1195 -0.002 (-0.18%)

63% buying

OILOil

54.48 -0.16 (-0.29%)

66% buying

Stocks earnings releases on 14/08/2019

MMacys Inc

Before market open

Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.

* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.

* The information above is not investment advice.

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13/08/2019 appeared first on eToro.

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