Apple Introduces HomePod Speaker

On Monday, Apple Inc. introduced HomePod speaker that can make music suggestions and adjust home temperatures bringing Siri into the living room. The American multinational technology company will start shipping the Homepod to the US, Britain and Australia in December. Additionally, Apple is expected to announce its new plan on making Siri, the voice assistant work with a larger variety of apps this week.

source: Reuters, Inverse.com

Since countries severed ties with Qatar, Doha now faces severe economic plights as it relies for about 80 percent of food imports on Gulf neighbours. Furthermore, Qatari planes have been banned from Egyptian and Saudi air space. Saudi Arabia, Bahrain and the UAE have given Qatari visitors and residents two weeks to leave their country. Earlier today, the Reserve Bank of Australia held its interest rate at 1.5 percent and pointed to a weaker GDP in the quarter ended for March.

Economic Events due today are the U.S. JOLTs Job Openings report for April and Canada’s Ivey Purchasing Managers Index (PMI) for May, both to be released at 14:00 GMT. European markets opened lower today amid political rift between Qatar and other Arab countries. Meanwhile, the U.S. dollar was seen at a six-month low against the Japanese yen earlier on Tuesday and the dollar index fell by 0.3 percent low at $0.7464.

Technical Analysis

AUD/USD

AUD/USD

Yesterday, the AUD/USD pair tumbled as from 09:00 UTC at the 0.74790 level to reach a low level by 21:00 UTC at $0.74836. Earlier today, around 04:00 UTC, the currency pair traded up by 0.01 percent at the 0.7488 level. The rising value of the Aussie could affect this pair further today. The asset is expected to fall through 10:00 UTC today and may fluctuate later through the rest of the day.

USD/JPY

USD/JPY

The USD/JPY pair started tumbling from the very beginning of today’s session at 00:00 UTC at the 110.388 level to reach its lowest at 109.829 yen by 02:00 UTC. It changed trend the next hour around 03:00 UTC, trading down by 0.56 percent at 109.85 yen. It may fall further through today. Traders may consider trading this asset as it is available on the FX/CFD Tool.

GBP/USD

GBP/USD

On Monday, the GBP/USD pair reached its highest level by 13:00 UTC at $1.29324 and afterwards shifted towards a downtrend through the rest of the session. The currency pair edged up by 0.17 percent at the 1.2928 level around 03:00 UTC today. The Ichimoku Cloud indicator suggests a change in trend at 09:00 UTC and the asset may gradually fall through 18:00 UTC.

Things to watch on the market

Tip 1

Consider trading pairs such as the APPLE VS ALPHABET, APPLE VS AMAZON and NASDAQ VS APPLE once they are available on the trading platform and note that Apple shares closed by 1 percent at $153.93 a share. Since Apple Inc. is a component of the Nasdaq index, this asset should also be taken into consideration.

 

Tip 2

The AUD/USD and the AUD/JPY currency pairs can be traded with the Ladder Trading Tool today, along with the ASX index.

 

Tip 3

Currency pairs such as the USD/CAD, GBP/USD, and the USD/JPY are recommended for trade today.