Euro And Gold Dip
European Markets Open Lower
Apple Prepares For New iPhone Launch
Mon, September 11: In Today’s Markets…
1. Euro And Gold Dip As Risk Aversion Wanes
The euro dipped against its major rivals this week after a major rally on Thursday. EUR/USD traded lower today at 1.2008 as of 7:00 GMT, while the dollar recovered on increased risk appetite after North Korean leader Kim Jong Un decided to hold a party over the weekend rather than launch another ballistic missile against Japan. Safe havens such as the Japanese yen and gold (XAUUSD) retreated as risk appetite begun to recover. It should be noted however, that investors remain cautious over Hurricane Irma’s cataclysmic impact as it struck Florida, knocking out electricity to more than 3 million homes and businesses statewide. Gold prices also fell today after hitting its highest level in over a year in the previous session.*
2. European Markets Open Lower As Hurricane Irma Hits Florida
European Markets started the week lower this morning as investors weighed the economic impact of Hurricane Irma on Florida. Markets will also be focusing on Germany today, where the current leader of the Social Democratic Party Martin Schulz is to hold a press conference ahead of the German federal election. In other news, oil prices (USOIL) edged higher this morning after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018.**
3. Apple Prepares For New iPhone Launch
Apple (AAPL) is in feverish preparations for a special event this Tuesday, September 12th, during which the tech-giant is expected to launch the much-anticipated iPhone 8 (or iPhone X). The new iphone is expected to be a key catalyst to increased sales over the next several quarters. It is also important to note that new product releases have traditionally pushed AAPL shares higher. An additional possible product release is rumoured to be the third-generation Apple Watch.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: CNBC
**Source: Seeking Alpha
***Source: Bloomberg
