Diversify With eToro’s Upgraded Stocks Offer
For the numerous cryptocurrency traders looking to diversify their portfolios – especially given the recent volatility of the markets – the new stocks offering from pioneering global investment platform eToro is well worth considering.
As of mid June, eToro users can hold their own cryptos, stocks, exchange-traded funds (ETFs), and thousands of other financial assets in one portfolio.
Previously, eToro clients could invest in stocks using contracts for difference (CFDs). Now, however, traders have the option to purchase the underlying asset.
The best thing? There is no management or ticket fee on stock purchases. Additionally, the stamp duty investors would normally have to pay on United Kingdom stocks will be absorbed by eToro – but only for a limited time, as an introductory offer.
Using eToro, traders can gain access to thousands of stocks from across European, Asian, and United States markets, and take advantage of competitive and transparent pricing – this is all included in the spread equating to 0.09 per cent, per side. Clients can also apply leverage or open short positions to trade stocks via CFDs.
Since launching in 2007, eToro has amassed over 10 million users and has become a go-to platform for crypto traders around the world. It has gradually expanded its asset classes, and stocks are an important part of that growth.
Now eToro is a truly multi-asset platform and is staying true to its original vision of making trading straightforward and accessible for everyone around the world. It empowers people to invest by giving them access to the assets they want. From cryptos to shares, eToro makes buying straightforward. By joining the platform, new clients may access the shared knowledge of the community.
Explore etoro.com now, and don’t miss out on the no-stamp-duty offer for UK stocks
Why trade on eToro?
•Straightforward, user-friendly, trustworthy and experienced platform
•Instant execution of trades, thereby locking in a price
•Ability to use CopyTrader and other innovative tools
•Huge community that shares knowledge and helps each other
All trading involves risk. Your capital is at risk. Only risk capital you’re prepared to lose. The information above is not investment advice.
U.S markets closed at record levels on Thursday following a surprisingly strong NFP report. Financial markets remained closed on Friday for the 4th July holiday.
According to the NFP monthly report, 288,000 jobs were added to the labour market in June, the highest number since November 2012. Unemployment rate dropped to 6.1%, the lowest since September 2008
On Thursday, The Dow Jones index was closing at 17,068.26 +0.54%, the S&P 500 index was closing at 1,985.44 +0.55% and the NASDAQ index was closing at 4,485.93 +0.63%.
Asian stock markets went slightly lower on Monday yet are still traded near all time record highs.
Earlier today, The SSE Composite Index In China was traded at 2,054.78 -0.22% while the Hang Seng Index in Hong Kong was traded at 23,497.59 -0.21% and the Nikkei 225 Index in Japan was traded at 15,404.19 -0.21%.
Pound (GBP)The Pound fell against the US Dollar to close at 1.7128. Technically, according to the 4-hour chart, the GBP/USD is trading in a bullish channel. As long as the pair maintains the positive momentum, we might see a rise to around 1.7200. However, reversing the trend and crossing the lower side of the channel may cause a drop to around 1.700. Today, the Manufacturing Production report is expected.Last: 1.7126
As always, we wish you a successful trading week – and look forward to serving all your trading needs.
US Stock Market
Wall Street finished yesterday’s trading in the red, as investors look forward to the second quarter earnings season that opens tomorrow. The NASDAQ fell by 0.77%, the Dow Jones by 0.26% and the S&P 500 lost 0.39% from its value. Technically, according to the 4-hour chart, the Dow Jones is holding above the support of 16,910. Depending on whether it succeeds in breaking the support, we may either see a rise to around 17,000 or a fall towards 16,700 areas.
Apple shares rose, closing at $95.97. Technically, according to the 1-hour chart, the share is trading in a positive momentum, supported by the 10-day Moving Average and the RSI indicators. As long as the share is holding above the Moving Average 10, a rise towards $100.00 is expected. However, reversing the trend and crossing below it may cause a drop to around $90.00.
The US Dollar (USD) traded mixed versus its major counterparts, as investors sell the greenback for profit after the positive employment reports which came out Thursday. Today, the JOLTS Job Openings report is expected.
Gold rose, closing at $1,320 an ounce. Technically, according to the daily chart, gold is trading below the resistance of $1,328. As long as it maintains this condition, a fall towards $1,300 is expected. However, breaching the resistance may lead it towards $1340 areas.
Crude Oil fell, closing at $103.44 a barrel. Technically, according to the 4-hour chart, oil is trading in a bearish channel supported by the RSI indicator. Maintaining this negative momentum may lead oil to a drop towards $100.00. However, breaching the upper side of the channel may start a trend reversal towards $108.00 areas.
The euro rose versus the US Dollar, closing at 1.3605 as the Sentix Investor Confidence report came out at 10.1 vs. 8.5 previously. Technically, according to the 8-hour chart, the EUR/USD is trading above the support of 1.3580. As long as the pair maintains this condition, a rise towards 1.3700 can be expected. However, breaking the support may drop it towards 1.3500 areas. Today, the German Trade Balance report and the ECOFIN Meetings are expected.