News Stocks 

Tesla’s Model 3 struggles have traders paying record prices to protect against a stock drop

“Based on how Tesla’s stock has reacted to the past week’s events, one might think it’s downright invincible at this point” writes Joe Ciolli for businessinsider.com. But regardless of what happens, if things end up going awry for the heavily scrutinized company, traders seem ready for it.Following an announcement that the company would temporarily suspend its Model 3 assembly line, Tesla’s stock actually rose as much as 0.3% intraday before finishing the day 1.2% lower.As this chart shows, traders are paying close to the highest premium on record to protect against…

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Brokers News 

OANDA adds One Tap & Hold Trading option to mobile app for Android devices

“Multi-asset trading expert OANDA has earlier this month released a new version of the OANDA fxTrade mobile application for Android-based gadgets” reports financefeeds.com. In January this year, the OANDA fxTrade app for Android devices got equipped with a new Trading Performance tool available on traders’ live V20 trading accounts.OANDA’s fxTrade mobile app provides traders with access to live, real-time prices to trade major, minor and exotic instruments on CFD, forex, and precious metals markets.In the meantime, the broker is expanding the capabilities of its mobile app for iOS devices too. Source: financefeeds.com…

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News 

U.K. Inflation Slows, Pound Slumps as Traders Question Bank of England Rate Path

“Consumer price inflation in the U.K., Europe’s second-largest economy, slowed to 2.5% in March, the Office for National Statistics said, missing the consensus estimate of 2.7% and sliding to the slowest rate since March 2017” writes Martin Baccardax for thestreet.com. Britain’s inflation rate slowed to the lowest level in a year last month, according to official figures published Wednesday, casting fresh doubt on imminent rate hikes from the Bank of England as the economy continues to stall ahead of its exit from the European Union. “Gradual monetary tightening is therefore…

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News 

CFTC goes after ex-convict over proprietary Forex trading fraud

“In oral and written communications with prospective traders, Salerno made numerous fraudulent misrepresentations and omissions” reports financefeeds.com. The CFTC estimates that Salerno hired no less than at least 150 prospective traders to work at the Black Diamond Entities.Thus, for instance, he claimed that he would match the prospective trader risk capital deposit with a multiple of (usually 10 times) the prospective trader’s risk capital deposit and place the combined funds in a live proprietary forex trading account set up for the prospective trader. Source: financefeeds.com Share This:

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Markets News Stocks 

European stocks end at 7-week high as traders take cue from Wall Street

“But some traders and analysts had hoped for wage growth including bonuses to come in at 3%” writes Markets Reporter for marketwatch.com. On a sector basis, basic resource companies got a boost from better-than-expected Chinese growth data.The U.K.’s Office for National Statistics gave updates on the labor market in February, alongside the readings on wage growth.That reversal came as the pound GBPUSD, -0.2650% fell after U.K. wage data failed to show the solid growth some had hoped for. Source: marketwatch.com Share This:

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News 

Gold settles higher as Trump comments weigh on the dollar

“Gold prices settled higher Monday, buoyed by a weaker U.S. dollar, which fell as traders appeared to shrug off concerns of possible retaliation from Russia in the wake of the U.S.-led airstrikes in Syria” writes Markets Commodities Reporter for marketwatch.com. Michael Kosares, founder of gold broker USAGOLD, also said that a tweet Monday, in which President Donald Trump said China and Russia were playing the “currency devaluation game, also weighed on the greenback. June gold GCM8, +0.20% rose $2.80, or 0.2%, to settle at $1,350.70 an ounce. Source: marketwatch.com Share This:

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Futures News Stocks 

Futures rise on hope Syria conflict will not escalate

“JPMorgan , Wells Fargo and Citigroup kicked off the quarterly earnings season on Friday, although their performances failed to excite investors” reports businessinsider.com. The focus was back on earnings, with Bank of America reporting a 34 percent rise in quarterly profit. Netflix shares rose 1.44 percent ahead of its results expected after market close on Monday. Source: businessinsider.com Share This:

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News Stocks 

Russian stocks slump as traders brace for more U.S. sanctions

“Russia’s stocks lost ground Monday as the Trump administration looked set to impose more sanctions on that country” writes Markets Writer for marketwatch.com. The Russian ruble was higher against the dollar, with a buck recently buying 61.83 rubles, down from 62.35 late Friday in New York.The RTS Index RU:RTS a gauge tracking Moscow-listed stocks, was recently down 0.8% to 1,096.45. But the dollar had traded above 63 rubles early Monday, and it remains up against the Russian currency USDRUB, -0.8298% RUBUSD, +0.836786% so far this month, higher by about 8%. Source:…

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Markets News Oil Stocks 

The volatility that rocked stocks was just the beginning — and 2 markets are at the epicenter of impending chaos, SocGen says

“They also advise against shorting S&P 500 volatility risk” writes Akin Oyedele for businessinsider.com. The volatility that rocked global markets in February is set to return this summer, a strategist at Societe Generale says.For traders looking for volatility-based protection, the strategists recommend going long the SGI US Equity Tail Risk Index, which hedges long equity exposure.The risk, however, is that this index could lose a significant portion of its value if volatility stays low.The stock market’s slump that month prompted the largest one-day spike in the Cboe Volatility Index (known…

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