Apple accused of patent violation Join UFX! http://bit.ly/1VznWp3 Wall Street finished in the red on Friday, as Apple Inc. weighed on all three major indices amid reports that Chinese regulators have charged the tech giant with infringing on the patents of a local Chinese mobile phone company.
The Dow Jones fell by 0.33%, the S&P 500 by 0.33%, and the NASDAQ lost 0.92% from its value. Google shares also dropped, to close at $691.72. The U.S. Dollar traded low against most major currencies after the release of mixed U.S. economic reports did little to boost optimism over the strength of Continue reading UFX Daily Forex Currency Trading News 20-June-2016
Happy Trading! Join UFX! http://bit.ly/1OdVfYU With the looming EU vote on whether the UK will remain in the European Union or not, the GBP/USD shot up by 155 pips on Friday, closing at $1.4358. The EUR/USD took note, also rising, this time by 52 pips, up to an exchange rate of $1.277. As a result the USD took a hit towards market close, with the USD/CAD dropping 73 pips down to a $1.2894 price point. While the USD is on the decline, crude oil recorded its best performance in the last 2 months. Barrels of West Texas Intermediate (WTI) went Continue reading UFX Weekly Forex Currency Trading News 19-June-2016
Interest Rate Unchanged Join UFX! http://bit.ly/1LCq0XV Wall Street finished lower after the Federal Reserve decided to leave interest rates unchanged. The Dow Jones fell by 0.20%, the S&P 500 by 0.18%, and the NASDAQ lost 0.18% from its value. Amazon shares fell by 0.70%, closing at $714.26. The U.S. Dollar traded lower against most major currencies after the Federal Reserve held interest rates steady, as expected, and lowered its economic growth forecasts for this year and next, suggesting it would be less aggressive in tightening policy after 2016. The Federal Funds Rate came out unchanged at 0.50%. Today, the Unemployment Continue reading UFX Daily Forex Currency Trading News 16-June-2016
EU Exit Fears Hit Sterling Join UFX! http://bit.ly/1OdVfYU Wall Street finished lower for the fourth straight session as investors worry about the upcoming EU exit referendum in Britain. The Dow Jones fell by 0.33%, the S&P 500 by 0.18%, and the NASDAQ lost 0.10% from its value. Twitter shares rose by 5.57%, closing at $15.40. The U.S. Dollar traded higher against most major currencies due to the release of upbeat U.S. retail sales data. Today, high volatility can be expected during the Federal Open Market Committee announcement at 19:00 GMT. Gold rose, closing at $1,285 an ounce. Crude Oil fell, Continue reading UFX Daily Forex Currency Trading News 15-June-2016
Oil Continues to Weigh Join UFX! http://bit.ly/1LCq0XV Wall Street fell slightly with oil prices remaining under $50. The Dow Jones fell by 0.74%, the S&P 500 by 0.81%, and the NASDAQ lost 0.94% from its value. Microsoft shares rose by 2.60%, closing at $50.14 after the LinkedIn purchase announcement. Technically, according to the daily chart, the share is holding above the support line at $49.00. Maintaining above this line could cause a rise to around $56.00. However, breaking below the support may lead the share towards $45.00. The U.S. Dollar traded lower against most major currencies as traders await the Continue reading UFX Daily Forex Currency Trading News 14-June-2016