Google introduces its “smart feed,” a personalised stream of news stories, videos, and other content to make it easier for users to follow topics of interest without typing for a search query. This personalised Facebook-style news will appear in its flagship app for Android and iOS and display content on the basis of previous searches by users. Google is also introducing a new “follow” button on search results to add topics of interest to their feed. This move will however help Google compete with rivals like Facebook’s news feed.
Bank of Japan’s press conference held at 06:30 GMT could affect trend of the yen further as this currency gained value ahead of this data release today. Also, U.K. will be releasing its retail sales for June at 08:30 GMT. Meanwhile, companies like eBay and Microsoft are set to release their second quarter and fourth quarter earnings respectively after markets close today. The companies could also provide an insight of their next fiscal quarters and communicate their expected share price.
Many economic events due in the Eurozone today, starting with the interest rate decision of July since is duet at 11:45 GMT, followed by a press conference with the European central bank due at 12:30 GMT. These events would set short term interest rates, either positive or negative for the euro and thus, demands much attention. The U.S. Philadelphia Fed Manufacturing Index for July is due at 12:30 GMT today. Yesterday, the Wall Street closed at record highs after release of better-than-expected earnings.
A look at the EUR/USD pair depicts a downtrend since Wednesday’s session as it is seen recording several pullbacks on the foreign exchange market. Today, it started off its session bearishly at 00:00 UTC at the 1.15287 level. Events due later today is expected to affect trend of this asset further. It was last quoted on a bearish candle at $1.15067 around 03:00 UTC. Consider using the 60 Seconds for this one as it may fluctuate.
The Japanese yen traded weaker as the Bank of Japan is due to release its monetary policy and communicate its interest rate soon. Yesterday, the currency pair gained some momentum as from 17:00 UTC to close this positive trend by 20:00 UTC at 111.930 yen. In today’s session, it started picking some height from the very beginning of its session as from 01:00 UTC, and may rise further in the next few hours, use the Option Builder tool.
The U.S. West Texas Intermediate gained several momentary jumps yesterday as from 13:00 UTC at the $46.37 level to close this bullish trend by 17:00 UTC at the $47.18 level. U.S. crude oil inventories rose by 1.6 million barrels on Wednesday. Today, the commodity opened its session at a record high of $47.33 a barrel at 00:00 UTC. It is expected to gain more strength later during the day, keep a close watch on this.
Consider trading on stocks of Alphabet, and Alphabet vs Facebook pair as Google big announcement can cause its price of shares to change trends on the market. Google is also about to release its earnings report for the fiscal quarter next week.
It is recommended to trade assets such as EUR/JPY, GBP/JPY, EUR/GBP, FTSE 100 and the Nikkei 225 as Asian indices reached record highs earlier today.
Investors are advised to trade the EUR/USD, EUR/AUD, GBP/USD, DAX, FTSE F-APR17 and Wall Street indices in regards to today’s events.