Apple shares hit record as bright forecast highlights future demand (news: 01/08/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Apple shares hit record as bright forecast highlights future demand

(Reuters) – Shares of Apple Inc (AAPL.O) hit a record high on Wednesday and neared a $1 trillion valuation, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.

USDJPY can’t keep momentum going above 112.00 area

Back in December-January, the price of the USDJPY moved above the 111.98-112.05 and chopped in a range up to 113.75 (see daily chart below).  On January 10th, the price fell back below that area and trended lower (to the March low of 104.62). 

Bitcoin’s Price Eyes Consolidation After 11% Decline

Bitcoin (BTC) could be in for a minor bout of consolidation following an 11 percent drop from recent highs above $8,500.

Next trading day’s important events

14:00 (GMT+3)  BoE Interest Rate Decision

14:00 (GMT+3)  BoE Asset Purchase Facility

14:30 (GMT+3)  BOE’s Governor Carney speech

Forex quotes:

USDJPY: 111.94

EURUSD: 1.1668

Indices:

S&P 500: 2824.43

NASDAQ: 7723.93

 

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