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eToro Daily Update 20/05/2019
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. 66% 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.
Cryptos recover from weekend dip
After showing declines to start the weekend, the cryptocurrency market was seen higher over the past 24 hours, as 6 of the top 10 cryptos registered gains. At the time of writing, Bitcoin was slightly higher, trading just below the $8,000 mark. Just outside the top 10 ranking, 13th ranked Dash registered impressive gains, up by more than 10% at the time of writing.
165.91 22.13 (15.39%)
99% buying
Today’s highlights: Trade war continues to weigh on markets
- US-China tensions continue: Wall Street finished lower on Friday, following reports that the US and China were reluctant to schedule another round of trade talks, due to President Trump’s executive order limiting Chinese telecom companies’ activities in the US.
- Low volatility expected for CAD: Banks in Canada will be closed today, in observance of a national holiday. As a result, lower liquidity and volatility could be expected for the Canadian Dollar.
- Powell to speak today: Fed Chair Jerome Powell will be giving a speech at a conference in Florida at 23:00 GMT. Powell’s speech could generate volatility for the USD and other key financial instruments in the US.
- Tesla crashes more than 7%: Electric carmaker Tesla reached its lowest levels in more than 2 years on Friday, after dropping 7.6%. The recent losses are attributed to Tesla’s poor performance in Q1, losing $700 million, a recent crash involving a Tesla car’s autopilot feature, and founder Elon Musk saying the company requires a financial overhaul.
63.63 0.81 (1.29%)
52% buying
TSLATesla Motors, Inc.
211.06 -17.27 (-7.56%)
97% buying
EURGBPEUR/GBP
0.8759 -0.0008 (-0.09%)
70% selling
Stocks earnings releases on 20/05/2019
TTMTata Motors Shs Sponsored American Deposit Receipt Repr 5 Shs
Stocks earnings releases on 21/05/2019
HDHome Depot Inc
TJXTJX Companies Inc
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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