Stocks especially tech ones dropped on Tuesday on concerns over inflation. Gold is viewed as a hedge against inflation, that’s why it’s trading now near the three-month high.
Nikkei, HangSeng, EuroStoxx: trade new indices!
Discovering new trading opportunities
You know the S&P 500 index, don’t you? It’s the first thing that comes to mind when we think of the stock market. However, there are a lot of other indices available for trading. Below, we will have a look at some of them to make sure you’re aware of the full range of trading instruments in MetaTrader 5 and FBS Trader.
First of all, here is how you get them. In the desktop MetaTrader, you right-click in the Market Watch menu, choose Symbols, and go to the CFD section – you’ll have them all here. Tick the one you like to make its icon yellow, open the chart, and operate.
In the FBS Trader, you go to the same CFD section, and the same indices will be available for trading. Mark those you like as Favorites to have them in the corresponding section right as you open up the app, or choose any index from those presented here and operate it.
Now, let’s throw a quick look at the main ones.
A composite Tokyo Stock Exchange index based on the largest 225 public companies. Hence, it’s pretty much the same for Japan as what the S&P 500 is for the US. The dynamics of this index are similar to its overseas counterpart which makes it easy to foresee where one goes looking at another one.
That’s the Hong Kong stock market index. More than 50% of the Hong Kong Stock Exchange capitalization is represented by 50 large companies – that’s what this index is based on.
The same number of companies but on the other side of the continent: EuroStoxx 50 is the stock market index that takes the fifty largest Eurozone companies to show how things are going in Europe. You see both in the image below: while the large trend aims at the upside in both, the mid-term dynamics are different for each. That offers you an opportunity to use the ups and downs of the corporate landscape in all parts of the world trading their respective indices. There are many more out there! Check them out and include in your portfolio.
Let's see how the stock price of these four companies reacted to their earnings reports released this week.
The greatest sale of Bitcoin keeps going.
What's moving markets on Friday? Read in the fresh report!
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.