Apple suppliers commence the production of new iPads, striving to meet the soaring demand for large size devices
Apple suppliers are manufacturing 9.7 inch iPads, which are part of company’s push for new products for the lucrative year-end period. Apple is engaged in mass production of 9.7-inch screen iPads. The unveiling More...
The British pound trading sideways with a bearish bias
The cable is gradually drifting lower amid expectations for an interest rate hike shifting for next year. Yesterday the pound was trading sideways making attempts on a recovery from the losses it had endured recently, More...
Wall Street extends global stocks rally due to geopolitical tensions temporary relief
A global rise in stocks followed recent selloffs, though gains seem limited, as conflicts in Ukraine and in the Middle East might soon resurface. Stock markets rallied today following recent selloffs owing to diminishing More...
Ukraine and Middle East conflicts put the EU brittle economic recovery to test
EU economy’s output for the second quarter has ground to a halt, the tit-for-tat sanctions between Russia and the West are undermining business confidence. The conflicts escalating in Ukraine and Iraq are impacting More...
The Australian dollar remains weak amid mounting geopolitical tensions and the flat outlook for interest rates
The Australian dollar declined further in the past week as traders opted for the safety of the yen and the US dollar, with geopolitical conflicts raging globally. The Australian dollar depreciated further over More...
USD/JPY – Weekly Technical Analysis (11.08.2014-15.08.2014)
The unsuccessful test of the 103 resistance level and the subsequent slide below 102.20 changed the outlook for USD/JPY to negative. The pair is expected to continue drifting lower reaching the 101.20-100.80 support More...
Gold – Weekly Technical Analysis (11.08.2014-15.08.2014)
Gold is trading above its 50-day Moving Average, currently lying at $1299.07, and above its 200-day Moving Average at $1285, which is a bullish sign. In the coming sessions we expect more gains for gold. The precious More...
GBP/USD – Weekly Technical Analysis (11.08.2014-15.08.2014)
The GBP/USD slide from 1.7190 is in progress. The pair is showing technical weakness below the 1.6980 key resistance. What adds to the bearish sentiment is the breach of the lower boundary of the upside trading More...
EUR/USD – Weekly Technical Analysis (11.08.2014-15.08.2014)
The EUR/USD is still in a correction phase. The pair is expected to test the 1.3480-1.35 resistance zone, where the upside should be contained. The 0.382 Fibonacci retracement of the fall from 1.37 is located at More...
US airstrikes on Iraq started on Friday as a warning for extremists advancing towards Erbil
US airstrikes in Iraq started on Friday, to halt the progress of Islamist extremists, and more airstrikes are expected for the weekend. The US has called carriers to suspend flights over Iraq owing to the hazardous More...
