1. What To Expect From Apple’s iPhone Launch Event Tonight
Apple is expected to unveil its biggest and most expensive iPhone as part of a lineup of a total of three new models. The event aims to widen iPhone’s appeal amid slowing sales growth. Most of the buzz is swirling around a rumoured iPhone which is expected to be bigger and better than the existing iPhone X. The brand new iPhone will also use an OLED screen which is a step up from traditional LCD technology. If the speculation pans out, this new and improved iPhone would represent Apple’s attempt to feed consumers’ appetite and boost their sales. A well-received iPhone Launch can also push Apple shares (APPL) higher across the charts. This decisive launch will take place this afternoon at 5:00 PM GMT and if you want to watch the big unveiling you can tune in for the live stream at apple.com.*
2. These Major Cryptos Have Just Dropped More Than 10%
Cryptocurrencies do not seem to have recovered from last month’s record lows. As of Wednesday morning, major cryptocurrencies like OmiseGo, Ethereum, Zcash and Dash have dipped more than 10% across the charts. Ether in particular cannot seem to be able to hit any support level as it extends a very brutal 9-month fall. The world’s second largest cryptocurrency has declined more than 76 percent, according to data from CoinDesk. The cryptocurrency fell to a yearly low of $105.83 as of 7:00 AM GMT this morning after kicking off the year above $770.**
3. Dollar Plummets On U.S.-Canada Talks
The dollar tumbled against its major rivals on Wednesday morning as sources confirmed that Canada was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement. Meanwhile lingering anxiety over U.S.-China trade tensions also weighed on the markets. Specifically, China will reportedly ask the World Trade Organization for permission to impose sanctions on the United States for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties. The dollar plummeted against the CAD overnight and was last seen trading at 1.3072CAD, down more than 1 cent from yesterday’s highs.***
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*Source: Seeking Alpha, Sep 12, 2018, 06:31 AM GMT
**Source: CNBC, Sep 12, 2018, 4:15 AM GMT
***Source: Investing, Sep 12, 2018 12:19 AM ET
