U.S. indices traded in the green
yesterday, mostly because of the Apple rebounds following the
release of the iPhone 6. The NASDAQ rose by 0.75%, the S&P 500
by 0.36%, and the Dow Jones added 0.32% to its value.
Technically,...
Apple has officially unveiled its
long-awaited Watch, and while some in the tech and fashion
industries are praising the latest gadget, don’t expect it to take
over the traditional watch market anytime soon.
Watches have been around for more
than 500 years, surviving wars and technological revolutions. We
may have advanced past the mechanics of the classic wristwatch, but
we're still a long way from trading our Rolexes for
smartwatches.
"The Apple Watch ... won't have a
dramatic impact on the Swiss watch market at this stage, as the
majority of the market is composed of brands at a luxury level,
David Sadigh, founder and CEO of the Digital Luxury Group, told
Business Insider. "Folks at Vacheron Constantin, Rolex, and Patek
Philippe can still sleep well at night."
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The Euro is still indecisive after
last week. It has started its way down, but eventually is back on
previous levels, following the downfall. Taking to account the
fundamental background, the bias is bearish.
A very big change is taking place in
our customer service center. We are changing our customer service
ticketing and live chat programs to better assist none other than
you!
eToro is moving to a ZenDesk ticketing
system and Zopim live chat system. So what does this mean for you,
the user? Our new service system will allows us to better manage
your requests and assist you more quickly and efficiently.
IMPORTANT NOTE: Please note
that during the day of the change, Sunday, September 7th 2014, the
ability to open tickets and live chats will be limited. We are here
to support you, but we recommend that should you have any issues to
record the information and wait until the transfer is complete
before opening any tickets. During this time the market is closed
so there should be no urgent issues.
As a result of this migration,
after September 6th any replies to the email sent previously about
your currently open CRM tickets will not reach us!
The pattern speaks for itself. After
a downfall the Euro is trendless, what is quite natural in this
situation. Obviously the bias is bearish, as the decline of the
Euro rate is only a matter of time.
Few companies in the world manage to
generate as much buzz around product launches like Apple does. This
time around, the company has also taken its sweet time developing
the latest version of its iconic iPhone, giving way to wild rumors
and speculations, that one could think September 9th was the date
set for a second coming rather than just the unveiling of a
phone.
The investigative bloggers have also
done their share, leaking out valuable bits of information about
the iPhone 6 that have set the expectations of techies and
investors alike exceptionally high. Therein lies the catch; If the
device fails to be anything short of miraculous, investors may
instinctively reach for the sell button despite it being a decent
and profitable product for the company.
This type of pattern has accompanied
almost every Apple release with an initial rise in its stock price
rise prior to the announcement which is followed by a tumble as
soon as the product hits the shelves.
The Euro is bouncing from the support
line. The pattern suggests an upward trend at least in the near
term instead of consolidation. So short term forecast is
bullish.
USD/JPY
As expected the asset is down. Now we
can see that it...
Conventionally, only major banks,
multinationals and other entities who dealt in massive transaction
sizes and volumes had excess to trade in the Forex market; leaving
small, medium sized entities and other individuals to a less and a
very limited access of business in the foreign exchange market.
Time has changed now, as internet and technology has taken over the
world. Trading in the Forex market has now become a convenient and
suitable investment opportunity for everyone. Here are some
advantages of trading in the Forex market:
You have access to the Forex
market on all working business days except the weekends. This makes
it easy for you to trade after you get back home from your routine
job. You do not need to worry about the time-frame; enough buyers
and sellers will be available to you to take the other side of the
trade.
It is a highly liquid and
effective market. When you trade in a market where you witness more
than enough buyers and sellers, you can also have a room to buy and
sell according to the prices, which are very close to the market.
The currency market is considered to be the most liquid
market.
Foreign exchange business is
highly unpredictable. Without price fluctuations, there would be no
trading opportunities. Let us take a simple example; if you are
about to buy a share for and the price does not fluctuate at
all, there is no opportunity for you to make a gain.
The Euro has been consolidating since
the beginning of the current month. The pattern suggests the
resumption of the general downward trend. The reversal symptoms are
not seen at the moment.
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