UC Traders

Looking forward into 2018, our group is working on a few potential innovations in automated trading, margin optimizations, news tracking parameters and potentially our own cryptocurrency using blockchain technology.

Stay tuned!

Market update(10/11/2017): A few important market updates today on a fairly volatile morning. US job openings for August came in slightly less than expected pushing gold up slightly but didn't represent a substantial market trend. FOMC minutes and member Williams spoke. NAFTA is being discussed and there's a possible free trade deal between Canada and the United Stated underway to circumvent the possible exit from trade agreement.

Moving prices:
-Gold, despite opening well today had a sharp decline and rise throughout the day. The expectation with the job report was positive on gold however there was a sharp bearish turn an hour in followed by a strong push mid-day back to the daily highs.
-Biotech is slightly down and will potentially keep moving.
-Crude oil is slightly up, initially ~60 cents up in the morning but made a short decline affecting oil companies.
-The US dollar index is down after the fed minutes looking on devaluation of the dollar and bullish indicator for other currencies apart from the Japanese Yen
- The overall market was slightly bullish yet there was no direct industry that had a major move
-Snapchat made a 12% move in the morning with talks about advertisers getting more used to the product

What to watch for tomorrow:
-US jobless claims for September
-US PPI data for September
-Canadian new housing prices for August
-Two FOMC members speak
-President Draghi speaks for the ECB
-Crude oil inventories data will be announced
-The US Federal budget for September will be actualized
-More talks in the ECB will be examined later in the afternoon