1. TSLA Tumbles After LLP Announces Investigation Of The Company
TSLA tumbled by almost 9 percent to close at $305.50 on Friday after Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announced that it is investigating potential securities fraud claims on behalf of the shareholders of Tesla, Inc. (TSLA). The investigations resulted from allegations that Tesla and/or its executives may have issued materially misleading business information to the investing public.*
2. Dollar Stabilizes Ahead Of US-China Talks
The USD stabilized against its major rivals on Monday as investors awaited confirmation on talks between China and the United States. Markets hope that any future talks will lead to an easing of the trade disputes between the two world powers. The dollar index (DXY) ticked up 0.15 percent against a basket of six major currencies as of 7:00 GMT to 96.14 after shedding more than half a percent on Friday. It is important to note that the recent escalating trade tensions between the United States and its trading partners, in addition to a plunge in the Turkish lira, have taken a heavy toll on emerging market currencies.**
3. Important Events That Will Affect This Week’s Markets
We are in for another busy summer week with geopolitics set to take center front stage when it comes to the forex markets. The main story of the week is that the Chinese will be headed to Washington to hopefully tidy up the ongoing trade wars. At the same time, we also have the release of minutes from both the FOMC and ECB. The FOMC has been quite hawkish while the ECB continuing to be dovish, so any change in their rhetoric could have a significant impact on the EUR and USD pairs. Finally, Fed boss Jerome Powell’s first appearance in Jackson Hole will also be closely watched by investors for clues on future monetary policy.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source:PRNewswire Aug 17, 2018 4:53 ET
**Source: Reuters Aug 20, 2018 01:23 AM ET
***Source: Seeking Alpha Aug 20, 2018 2:48 ET
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