Dear Clients,
Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
Regards,
Tradeo
04 June 21
Dollar Gains After Strong Economic Data; Payrolls Loom Large
The dollar climbed in early European trade Friday, reaching multi-week highs after a spate of strong economic data ahead of the monthly payrolls release raised the possibility of early Federal Reserve tightening.
At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 90.605, reaching a new three-week high.
EUR/USD traded 0.1% lower at 1.2113, also a three-week low, while USD/JPY edged lower to 110.26. GBP/USD fell 0.1% to 1.4095, sharply below the three-year high of 1.4250 reached Tuesday, and the risk-sensitive AUD/USD was down 0.1% at 0.7653, after falling to its lowest since mid-April overnight.
The dollar has been under pressure for much of 2021 as traders have reacted to ultra-easy Fed policies, and the suggestions that these would stay in place for some time. However, this narrative is starting to change as the U.S. economic rebound gains in strength, throwing up the possibility of it driving policy tightening.
https://www.investing.com/currencies/eur-usd-chart
Apple working on iPad Pro with wireless charging, new iPad Mini – Bloomberg News
Apple Inc (NASDAQ:AAPL) is working on a new iPad Pro with wireless charging and a redesigned iPad Mini in an attempt to build upon momentum for a category that saw improved sales during the pandemic, Bloomberg News reported on Friday.
The company is looking to release the new iPad Pro in 2022 and the iPad Mini later this year, the report said https://bloom.bg/3g6Xq8D, citing people familiar with the matter.
The iPhone maker thrived through the COVID-19 pandemic as home-bound consumers stocked up on electronic devices, with iPad sales notching a better-than-expected $7.8 billion last quarter.
The company is planning narrower screen borders for the new iPad Mini and also looking at removing its home button, according to the report.
Apple is testing a glass back for the iPad Pro to enable wireless charging for the first time and also attempting to try out reverse wireless charging, Bloomberg News said.
https://www.investing.com/equities/apple-computer-inc-chart
Musk ‘trolling’ puts brakes on bitcoin’s rebound
Bitcoin slipped 4% on Friday after Tesla (NASDAQ:TSLA) boss Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency.
Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets, and the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup.
Musk followed that up by posting a breakup comic strip and replying “nice” to an illustration of rival crypto dogecoin posted by crypto exchange Coinbase. It was unclear what, if anything, any of the tweets meant.
Musk has previously said Tesla would not sell its bitcoin, but his tweets were enough to unsettle markets still fragile following May’s crash.
“He’s trolling the community,” said Bobby Ong, co-founder of crypto data aggregator and analytics website CoinGecko.
https://www.investing.com/equities/apple-computer-inc-chart
Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services
