Gmo Trading

In the course of trading on the New York Stock Exchange Comex, February futures rose 0.36% to $ 1,313.6 per ounce on January 30. The contract grows in price for the fourth session in a row. The January meeting of the Federal Reserve will end on Wednesday. But what is important is that almost none of the market participants have any doubt that the base interest rate will be left at 2.25-2.5%. A press release will be available to the public at 20:00 London time, and half an hour later chairman Jerome Powell will start the press conference. It should be noted that he plans to hold briefings every time after each meeting from the current year, but without a new economic forecast. At the same time, the head of the Central Bank, Jerome Powel may signal in his speech that the Federal Reserve is ready to reduce the speed of rate increase. The current forecast from the Fed leadership provides two increases in 2019, while the market does not expect a rate change until the end of the y...

It seems that 2019 will be hard for many giant IT companies and Nvidia isn`t an exception. Company`s shares have dropped by 15% due to financial forecast reduction by $500 m. The main reason is “deteriorating macroeconomic conditions, particularly in China.” Nvidia announced a revision of the forecast for revenue for the fourth quarter of 2018 on January 28. Nvidia shares have fallen sharply more than by 15% after the announce. The stock price rose slightly and, as result, the fall declined to 12% by 15:40 London time. So, the company is going to publish its report on February 14. Initially, Nvidia was counting on revenue of $ 2.7 billion for the quarter, but the forecast has been lowered to $ 2.2 billion. “A number of deals in the company’s forecast did not close in the last month of the quarter as customers shifted to a more cautious approach,” said company`s representatives. Also, the manufacturer motioned changes in the macroeconomic conditions in the world and China in pa...

According to the Gartner`s research, a total volume of all sell computers in the world has touched 259,4 M units in 2018. The count of sold computers has dropped by 1,3% against 2017. So, 2018 became the seventh year in order when the market was going down.  GMOTrading  is going to tell you about top 5 the biggest computer manufacturers in the world. Fifth place Part of the market: 6,1% Sold: 15,72 m units Acer is a Taiwanese company producing hardware for computers and electronics. In other words, Acer Group develops and manufactures monitors, hubs, communicators, drives, network cards, desktops, keyboards, RAM, laptops, projectors, etc. Fourth place Part of the market: 6,9% Sold: 18,01 m units It`s hard to find a person who has never hear about famous American company Apple. Apart from a great iPhone production, the manufacturer produces personal and tablet computers, audio players, and software. It is one of the pioneers in a personal computers pr...

Dismissals from Project Titan was expected due to current restructuring and change of management, according to the CNBC statement. Doug Field which had left the Apple for becoming chief engineer in Tesla came back. Apple said that some groups of staff will switch to other company`s departments where they will work on machine learning technologies and other research. “We have an incredibly talented team working on autonomous systems and associated technologies at Apple. As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple,” the spokesperson said. Also, in accordance with the company`s statement, the sphere of self-driving cars is perspective and important for Apple. “We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the m...

The count of billionaires has raised twice from 2008 to 2018, according to the Oxfam research, the organization is a globally renowned and development charity which is focusing on the alleviation of global poverty. In the assessment of Oxfam, the volume of billionaires increased from 1125 to 2208 and their total capital has grown up by $900 bn. In other words, to $2,5 bn per day. At the same time the wealth of poor people decreased by 11%, they spend less than $5,5. One more interesting fact, 26 the richest people around the world have the same amount of money as 3,8 bn people from the poorest part of humanity. Also, new billionaires had appeared every two days during 2018 as was in 2017. In accordance with analysts` statement one percent of Jeff Bezos's capital complies with health budget of Ethiopia. If women received salary payments for housework and childcare and worked in one company, the company would become richer than Apple by 43 times. In addition, men are ric...

The hugest social network Facebook is going to invest $300 m in local journalistic organizations during the next three years, according to the Reuters. The company has invested in journalism before, but that money was invested in free access to Facebook products using by publishers. But now, the IT giant is ready to support local American organization of journalists. In other words, the company will help them to create new types of content, recruit staff and design a new business model. The funds from Facebook will receive such companies as Pulitzer Center, Local Media Association, Local Media Consortium and other. “We’re going to continue fighting fake news, misinformation, and low-quality news on Facebook,” Campbell Brown, Facebook’s vice president of Global News Partnerships said in a statement. “But we also have an opportunity, and a responsibility, to help local news organizations grow and thrive.” Such an initiative, according to the TechCrunch statement, Facebook is t...

Foreign direct investment (FDI) in mainland China had returned to increase and achieved a new record in 2018, according to the Xinhua News Agency.  FDI in China increased by 24,9% to 92,34 yuan in December 2018 against the same period in 2017, according to the Chinese Commerce Ministry report. So, the value of investment rose by 23,2% to 13,71 bn in dollars.  It should be noted that the reduction of FDI amounted to 26,3% in yuan or by 27,6% in dollar terms in November 2018.    Overall, investment in the country had increased by 0,9% to 885,61 bn yuan or by 3% to $134,97 bn before the start of 2019. FDI in manufacturing had picked up by 20,1%, at the same time investment in high-technology sector had grown by 35,1% during last year.   “The Chinese market has a huge potential and sound prospects,” Commerce Minister Zhong Shan said in interview with Xinhua News Agency.  Also, Britain investment in the People's Republic of China had bee...

Many geeks and ordinary people monitor one of the biggest tech exhibition CES every year. And this time CES 2019 was able to surprise us not only with futuristic cars, computers and other expected products. So,  GMOTrading  is ready to tell you about really weird novelties from CES 2019.  Numi 2.0: smart toilet with integrated Amazon Alexa  Numi 2.0 is a smart toilet with built-in Amazon Alexa by Kohler which works on its own IoT (Internet of things) ecosystem and specializes in smart bathroom devices. The lavatory can check a presence of users, raise and lower the lid, warm a seat and save wasting water.  And, of course, the killer feature is integrated Amazon`s voice assistant Alexa. The last can help you turn up music, tell about the weather and last news and even answer for different questions if you have.  SitTight: Balanced Active Sitting  SitTight is an unusual chair which, according to a description, utilizes all the time you s...

Low demand for new iPhones had triggered desperate moves by Tim Cook, the company has decided to decrease its smartphones` prices for the first time in many years. But this statement applies only to the Chinese market.  According to the National Business Daily, the American company has cut the purchase price of new iPhones for several Chinese adulterized resellers concurrently. In other words, it means that local users will be able to buy novelties at a low cost.  Apple placed their hope in Chinese users and Tim Cook had mentioned it before more than once. Even though the company has never cut the value of its new phone models, it seems sales indicators have changed a company`s strategy.  In accordance with the National Business Daily publication, the depreciation of value touched a few models like iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, and iPhone XS Max.   iPhone XS Max, by the way, has dropped most of all by $66, other iPhones have become ...

Chinese gold reserves have grown up to $76,331 bn in December against $72,122 bn at the end of November. In doing so, gold reserves in the country have increased the first time in two years. The State Administration of Foreign Exchange (SAFE) of the People's Republic of China expects that foreign exchange reserves and the balance of payments will remain stable in 2019. According to the People's Bank of China statement, gold reserves had been at stable 59,240 m troy ounces from October 2016 to November 2018, but then it has unexpectedly increased to 59,560 m troy ounces. Nevertheless, not only China has increased its gold reserves. Poland and Hungary enlarged gold reserves first time in many years. GMOTrading  notes that the gold price had shown the greatest growth since January 2017 in December 2018. Chinese yuan had appreciated against the dollar by 1,3%, but then Chinese currency lost 5,3% of its value. It was the fourth time decrease during the last five yea...