Toshiba Shares Soared Higher

Shares of Toshiba edged higher to 7 percent in today’s morning trade after a report stated that the company’s auditor would “sign off on its annual financial results after months of being at odds with the embattled conglomerate” in a bid to stop the risk of delisting. PricewaterhouseCoopers Aarata (PwC) has not approved Toshiba’s books after being appointed as its auditor in April 2016. Representatives from PwC and Toshiba both declined to comment on this matter.

source:Reuters, Investing.com

U.S. Federal Open Market Committee members Bullard and Kashkari are set to deliver speeches at 15:45 GMT today and their comments could determine short-term positive or negative trend for the U.S. dollar and also offer fresh clues on future monetary policy moves. Bitcoin surged above $3,000 to a record high of $3,360.87 as it leapt by more than 16 percent on Saturday. The digital currency has tripled in value this year, thus breaking the trading range it held since its previous record in mid-June.

A male software engineer of Google posted a 10-page document, criticizing the company’s left-leaning culture and policies and the silicon valley is now being investigated by the labour for gender-based pay discrimination. The employee argued the lack of women in top tech jobs was “due to biological differences between men and women” and this document went viral within the company and drew widespread criticism.

Technical Analysis

EUR/USD

EUR/USD

This currency pair was quoted at a record high of 1.18848 level at 06:00 UTC in Friday morning’s session and started shedding losses in the next few hours. The asset, however, started picking some strength during the weekend and started off today’s session on a positive note at 00:00 UTC at $1.17770, followed by bullish candles in the next few hours. It is expected to rise further through today, use the Option Builder tool for this one.

USD/JPY

USD/JPY

The better than expected NFP report which was released on Friday has boosted the U.S. dollar against major currencies on the market. The U.S. economy revealed to have added 209,000 jobs in July and this led the USD/JPY pair trading on a positive note on Friday. In today’s session, the currency pair is seen fluctuating on the forex market and it could follow this trend through the day. Consider using the 60 Seconds trading for this one.

UKOIL

UKOIL

On Friday, the international benchmark brent crude gained several momentary jumps as from 09:00 UTC at $51.59 a barrel, to close this bullish trend by 15:00 UTC at $52.38 a barrel. Today, it initiated its session on a positive note at 00:00 UTC where it was quoted at $52.36 a barrel, but it is seen moving towards a downtrend. The Ichimoku Cloud indicator suggests a change in trend around 09:00 UTC, watch out for this opportunity.

Things to watch on the market

Tip 1

It is recommended to trade on stocks of Toshiba Corp.

 

Tip 2

Investors can consider assets such as the EUR/USD, AUD/USD, GBP/USD, and Bitcoin.

 

Tip 3

Shares of Google Inc could be impacted after this surprising report, along with the Nasdaq index.