Amazon Will Generate Thousands Of Jobs

Amazon has unveiled plans for its new warehouse near Bristol that is set to create over 1,000 jobs in an attempt to meet growing customer demand. The Bristol warehouse will be based at Severn Beach and it will expand the U.K. workforce, which will total 24,000 by the end of this year. The online retail giant said it will start recruiting “engineers, operations managers, HR and IT specialists” in 2018 ahead of its Severn Beach site’s opening. Earlier this week, Amazon launched Instant Pickup, a new program for its Prime members that allow them to order items and pick them up within two minutes from staffed pickup sites.

source:The Independent, Ken Wolter /

Walmart releases its second quarter earnings for the month ended July 2017, and the earnings per share for this quarter is expected to remain at $1.07. About 140 million Americans shop at 4,692 Walmart stores in 50 states. After the violence in Charlottesville, chief executives across corporate America had to take a stand, after the US President Trump’s reaction of violent clashes in Virginia has sparked outrage and generated global headlines. Meanwhile, the U.S. releases its Philadelphia Fed Manufacturing Index for August at 12:30 GMT today.

The price of crude oil rebounded in Asian trade today after data revealed that the U.S. crude production rose to its highest in over two years, the brent crude gained 0.44 percent and trade above the $50 level a barrel earlier on Thursday. Elsewhere, the U.K. releases its retail sales for the month of July at 08:30 GMT while the Eurozone releases its CPI for July at 09:00 GMT. These economic events can affect trends of the British pound and the euro on the foreign exchange market.

Technical Analysis



The Wall Street index gained 0.1 percent and reached a record high level at 2470.3 points around 09:00 UTC in yesterday’s early trade. It recorded its highest level at the 2472.0 level by 14:00 UTC, but this was dragged by pullbacks in the next few hours. In today’s session, the asset started picking some heights as from 02:00 UTC and it is expected to rise through the day, use the TradeReplica tool to trade this one today.



In yesterday’s evening trade, the U.S. dollar index was seen fluctuating on the market, but it started tumbling later around 16:00 UTC to reach a low level of 93.47 by the end of its session at 22:00 UTC. On Thursday, the index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.16 percent to 93.26 around 01:00 UTC. Hovering below the Ichimoku Cloud indicator could suggests a bearish trend for today.



In Wednesday’s early trade, the EUR/GBP traded with much volatility and gained strength later around 15:00 UTC where it traded at the 0.90950 level to record momentary jumps till the 0.91347 by 19:00 UTC. U.K. unemployment fell to its lowest since 1975 in the second quarter, this could affect the trend of assets. The asset started off on a bearish note today and it is started losing value as from 02:00 UTC, it could shift towards a downtrend.

Things to watch on the market

Tip 1

Stocks of Amazon can be traded, along with pairs such as Amazon vs eBay and Apple vs Amazon.


Tip 2

It is recommended to trade on shares of Walmart and assets such as the EUR/USD, AUD/USD and the GBP/USD with the 60 Seconds tool as the U.S. dollar could be impacted by Trump’s comments on business groups.


Tip 3

The brent crude can be traded once it is available on our trading platform. Currency pairs such as the EUR/GBP, GBP/JPY and EUR/JPY should not be overlooked.