The Consumer Confidence in Germany surprisingly appears to be turning on the upside in November as rising wages and unemployment at a two-decade low outweigh concerns about the Euro zone debt crisis and sluggish economic growth according to GfK SE (GFK). Read more
Happy Friday traders!
How fast time flies by! We’re already on the 5th day of our 4th weekly championships and have seen another superb trading performance among our traders. Elenuta managed to stay on top with now 657.35% yield ($65,735.15 profits) as of this writing. Jkq77 is in tow with 423.795% yield ($42,379.42 profits) then followed by hulian369 with 399.6% yield ($39,959.57 profits). Read more
The pound has been rising against its rivals as Britain’s GDP grew by 1% in the past quarter. This is the best quarter of growth since the start of the financial crisis in 2007 according to the Office for National Statistics. Read more
It’s the 4th day of our 4th weekly championships and ‘elenuta’ has retained their position in 1st place with a 596.62% yield or $53,661.65 profits as of this writing. Read more
Oil has only recovered slightly after hitting a three-month low in New York yesterday as many companies DuPont reported weak earnings figures. Michael Hewson, an analyst at CMC markets explains that: ‘“There is a correlation between the equity markets and the oil price…we’ve had various companies missing price forecasts and these concerns about the future outlook for earnings is keeping a lid on oil prices.”’ This can also be seen in a general slump S&P GCSI Spot Index of 24 raw materials. Both gold and copper have hit 6 week lows while cotton futures have also declined. Read more