Shares in Amazon (NASDAQ:AMZN) rose in early trading it announced the launch of it’s paid music streaming service. Named Apple Music Unlimited, the new service is aimed to compete directly with the currently market leaders, Apple Music and Spotify. These two giants currently account for over 50% of the subscription music market. Digital streaming of … Read more
The British Pound saw a huge sell off on Tuesday as GBP/USD tumbled to as low as $1.2089 before recovering some losses at the end of the day. The United States Dollar (USD) had proved bid early in the London session with many key pairs on the back foot from the off. Across the day … Read more
The latest announcement from Samsung has urged users of it’s Galaxy 7 note Smartphone not to turn on the handset. This follows increased fears that units are a potential fire hazard. Several units have now been reported by consumers to have burst into flames. Shares in the electronics giant and technology company plunged overnight in … Read more
The price of Gold has fallen for the forth day to an overnight low of $1249 in overnight trading. It now sits at it’s lowest level in four months. An improving US economic outlook based on better than expected figures. The latest non-Farm payrolls data could cement this outlook and signal further falls for the precious metal. … Read more
The week starts as it ended, with sentiment largely moving against the US dollar. From a technical perspective the greenback is simply following a falling resistance line, so weakness should perhaps be expected. Fundamentally however, it was perhaps Bernanke’s’ comments last week that will weigh heavier on the currency. This week the major economic data … Read more