Day: March 12, 2019
Apple’s streaming service is ‘a game changer,’ to add 100 million users in 3 years, Wedbush says
Apple’s entry into TV streaming will be a game changer, according to Wedbush Securities. The tech giant on Monday announced a press event on March 25 where it is widely expected to unveil its TV streaming services that will offer iPhone and iPad owners access to free original showsalong with other streaming services. Wedbush is …
British Pound Jumpy ahead of Crucial parliament Vote
GBP/USD is showing significant swings on Tuesday, moving as much as 1 percent. In North American trade, the pair is trading at 1.3114, down 0.29% on the day. In economic news, sharp British indicators were unable to boost the pound, as they have been overshadowed by the upcoming Brexit vote in parliament. British GDP gained …
British Pound Jumpy ahead of Crucial parliament VoteRead More
Postcard from China: Trade War Set to End, Tech War Here to Stay
Key points The trade war is set to end soon but the tech war is here to stay. China’s rise and the relative decline of the US are set to create friction in years to come. China’s tech rise is moving fast but the country still depends on US tech in key areas. We witnessed …
Postcard from China: Trade War Set to End, Tech War Here to StayRead More
Gold Rebounds on SMAs’ Bullish Cross and Holds in Ichimoku Cloud
Gold has been trading within the Ichimoku cloud after the rebound on the bullish crossover of the 20-and 40-simple moving averages (SMAs) around 1290.45 in the 4-hour chart. Looking at momentum indicators, the RSI is strengthening momentum above the 50 level as it is sloping upwards, while the MACD is trying to surpass the trigger …
Gold Rebounds on SMAs’ Bullish Cross and Holds in Ichimoku CloudRead More
Crude Oil Remains Supported on OPEC
The price of crude oil continues to find support from growing expectations that the ongoing productions cuts from the OPEC and some allies outside of the cartel are helping to rebalance the market. The ongoing situation in Venezuela is providing additional tailwind support. Consequently, oil market participants are paying less attention to rising US (shale) …
US: Inflation Pressures Steady as She Goes in February
Consumer prices rose 0.2% on a month-on-month basis in February, in line with market expectations. Headline inflation was up a modest 1.5% on a year-on-year basis, the weakest pace since September 2016. Price pressures in the core (excluding food and energy) were a little softer than expected, up only 0.1% in February. A decline in …
US: Inflation Pressures Steady as She Goes in FebruaryRead More
Sterling Reverses as Brexit Turns Back into a Mess after Legal Setback
Sterling reverses and dives sharply as Brexit turns into a mess again. The new assurances UK Prime Minister Theresa May got from EU provided some nervous hope earlier today. But legal advice from Attorney General Geoffrey Cox killed the chance of getting the Brexit deal through the meaningful vote today. Basically, the updated deal just …