Apple’s big event that starts at 18:00 GMT. Stock movements before that before could be noise movements from high trading volumes.Approximately 70% of Apple’s revenue comes from the iPhone and so, today’s focus should remain on the iPhone and less on other products to be launched today. Apple stock closed at $161.52 yesterday and targets the record high of $164.94 a share. A break above the all-time high, towards $170 a share can be anticipated by investors and it that happens, consider massive short term positions could take place.
Japan’s embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about $18.3 billion. A Toshiba spokesman said no decision has been made on the sale of Toshiba Memory, and that the company is not commenting on details of the bidding process. Toshiba is desperate to sell the unit to cover billions of liabilities at its U.S. nuclear unit Westinghouse. Toshiba plans to make a formal decision on Wednesday with the signing of an agreement to come on Sept. 20 after a board meeting.
Apple Stock was seen tumbling downhill since last week until it picked momentum as from yesterday. Opening at 160.54, it managed to reach 161.91 to then keep fluctuating around similar levels. The stock is expected to depict a considerable uptrend today. Much volatility is expected at around 16:30 GMT. If you are unsure of the next move, use our Trade Replica.
Brent crude recorded an impressive high jump yesterday at open at 14:00 GMT to leave the $53.10 a barrel bar to close at 53.90 by 22:00 GMT. Opening lower today, the commodity kept fluctuating in the vicinity of yesterday’s close. The commodity seeme to be taking to an ascending triangle pattern and could move further higher through today.
The USDJPY pair hiked impressively yesterday, recording momentary jumps as from 08:00 GMT, thus leaving the 108.42 line to hit 109.36 at 19:00. Since then, the pair kept fluctuating up and down, yet moved higher and again took to a set of momentary jumps today as from 03:00 GMT. A major change in trends can be expected at 11:00 GMT.
The Apple stock should be closely watched. Consider Trading the Nasdaq index, Apple vs Amazon and Apple vs Alphabet pairs.
Watch out for the dollar especially because of the aftermath of Harvey the hurricane. It is advisable to use the FX/CFD tool.