Gmo Trading

The dollar fell to its lowest level since August last year. The dollar index fell to 95.7. In Bank of America claim: this is not the limit, in the near future, Trump may decide to devalue. A ccording to BofA, Trump will decide on currency interventions under the slogan of stabilizing the economy. If the Fed’s transition to a reduction in interest rates is not enough, the likelihood of formal foreign exchange intervention will increase. In 2018, the US economy grew by 2.9%, but by the end of the year it slowed down significantly. According to the forecast of the International Monetary Fund, the growth rate of the country's GDP in the next two years will decline. And according to the National Association of Economics and Business, a recession is likely by 2021. The reasons are obvious: a trillion-dollar budget deficit, caused by a sharp increase in debt service costs and a sharp intensification of the trade war with China. Last year, the Federal Reserve raised t...

FedEx delivery service has equalized the rates for land and air delivery reports The Wall Street Journal. Previously, shipping by plane cost significantly more than a truck. The company decided to abandon part of its margin in order to attract the attention of online stores to its express delivery by air. The division of air delivery FedEx Express appeared forty years ago. At that moment it was intended for the transport of legal documents and drugs for long distances. Now similar services are used mostly for the transportation of online orders. Strong competition in the supply of goods prompted FedEx to take urgent action. The company is trying to adapt its delivery system to the current conditions in which online purchases dominate. FedEx has already felt the shortcomings of express business. In the third quarter, the average revenue per package in the United States decreased by 2%. One of the downsides to the FedEx air delivery system in its current state is de...

Analytical office Newzoo once again calculated how much money the video game manufacturers will earn this year and in the near future. When creating the forecast, they interviewed more than 60 thousand specially invited respondents. They represent 30 countries, which account for 90% of all industry revenues. Already traditionally, analysts expect growth in all respects from entertainment for mobile gadgets. Games for them should make almost $ 70 billion - 45% of total revenues, and the share of smartphones will be 80%, the rest - tablets. But from the PC platform, researchers expect a drop of 15% to $ 32 billion. At the same time, the consoles should add a slightly lower figure - 13.5% to $ 47 billion. In many countries, there is a slowdown in sales of the Xbox One and the PlayStation 4. Only the relatively recent Nintendo Switch saves the day from an even worse fall. Newzoo is also expecting the US to return to the place of the largest video game market for the first...

The world's second-largest truck manufacturer, Volvo, has signed a major contract with Nvidia. By order of the Swedish carmaker, the American company will develop a safe driving system with autonomous trucks. The news caused a sharp increase in Nvidia quotes. During the day the shares added almost 6%. Autoconcern presented its first autonomous truck last year. With Nvidia, Volvo expects to get a flexible and scalable self-driving system. Only after that Volvo smart trucks go on sale. Nvidia, along with Intel, dominates the fast-growing artificial intelligence market. Now the company, known for its video game graphics processors, has begun to actively offer its processors in the automotive industry. This is especially true for trucks. They can become a leading segment among autonomous cars, as their routes are easier to automate than passenger car routes. The alliance with Volvo is not the first Nvidia collaboration experience with car manufacturers. The company al...

Asian markets traded in different directions at the beginning of a new week. In this case, the indices change slightly: investors wait before the start of the G20 summit, which will begin on Friday, June 28, in Osaka. In particular, market participants are interested in how the meeting between US President Donald Trump and Chinese President Xi Jinping will be held. The market expects further news on the trade dispute between the two countries. In the first half of Monday, June 24, plus Hong Kong's Hang Seng index, Japanese Nikkei, Australian S & P / ASX 200, but everywhere the growth does not exceed 0.2%. Chinese indexes Shanghai Composite and Shenzhen Composite are falling, but also slightly - less than 0.4%. Investors also assess the current situation in the Middle East. Last week, relations between the US and Iran worsened. This happened after the Iranian military shot down an American drone, and Tehran accused Washington of violating the country's airs...

The joint project of oilmen ExxonMobil and the government of Iraq for $53 billion was called into question. It is reported by Reuters, citing sources in the government of Iraq. It was planned that under the agreement, ExxonMobil will receive the right to build infrastructure in Iraq and develop two oil fields in the south of the country. This would allow Iraq to increase production from 125 thousand to 500 thousand barrels per day. The project was calculated for 30 years, the Chinese PetroChina was to become a partner of the American oil producer. For Iraq, which is the second largest exporter of OPEC, increasing production represents a priority, as, in recent years, supplies have been limited in terms of sanctions and military operations. According to the Iraqi government, in 30 years the project is capable of bringing to the treasury $400 billion. Now the parties stopped the negotiations, and the whole project was on the verge of collapse. We had to sus...

The American Aerospace Corporation Boeing predicted the acceleration of demand for passenger aircraft. In this way, the company has made its own shares more expensive. After the publication of the forecast on demand quotes Boeing rose by 2.5%. Representatives of Boeing said that in the next two decades, aggregate demand would not be 43 thousand aircraft, as the company had forecast a year ago, but 44 thousand airliners. Their total value will reach $6.8 trillion, they are convinced of the American company. According to Boeing, the most significant growth will be observed in the segment of narrow-body aircraft, such as the Airbus A320 family and the Boeing 737 MAX. This market supports the continued growth of air travel in the Asia-Pacific region. The demand for such aircraft will increase by 3%, calculated in the company. In the wide-body segment in the next 20 years, 8340 new aircraft will be needed, not 8070, as was predicted a year ago. Their cost will reach $ 2.6 ...

US chip makers Qualcomm, Intel and Xilinx are lobbying for the US Department of Commerce to relax the ban on working with the Chinese company Huawei. Reported by Reuters. Three of these companies were directly affected by the blacklisting of Huawei in the United States, since they supplied microchips to the electronics manufacturer. The Commerce Department announced the decision to blacklist Huawei in mid-May. This meant that working with a Chinese corporation and several dozen associated legal entities of a US company can only with the express permission of the US government. Such a move in Washington was explained by the fact that working with Huawei is a threat to the national interests of the country and its security. In 2018, Huawei purchased parts for $70 billion from partners. Of these, $11 billion relates to purchases from American companies, including chip manufacturers. Shares of chip manufacturers began to decline in April-May, when the US government on...

The Pentagon’s largest contractor reported that it would be able to reduce the cost of producing its F-35A jet a year earlier than its intended date. The so-called F-35 program works to increase the fleet of fighters to more than 3 thousand units. The program is also aimed at reducing the price of the F-35A fighter to $80 million due to increased efficiency and with large orders. Reducing the cost of the F-35 a year ahead of time allowed the Pentagon to receive a discount of 8.8% on deliveries of 478 fighters for three years. In three years, the agreement will cost the US Department of Defense $34 billion. According to Deputy Secretary of Defense Ellen Lord, the agreement this year will reduce the cost of each F-35A from $89.2 million to $81.35 million. Deliveries for the second and third year of the agreement will be even cheaper - the cost of each fighter will fall below $ 80 million, estimated at Pentagon. In the coming years, Lockheed Martin is expected to produce...

The American manufacturer of integrated circuits for communication devices Broadcom announced a two-year contract with Apple. The company will supply the manufacturer of the iPhone certain radio frequency (RF) components and modules for smartphones, tablets and smartwatches. In a statement to the Securities Commission (SEC), Broadcom noted that it would maintain and allocate sufficient production capacity and other resources to produce the products provided for in the contract. Shares Broadcom immediately after the announcement of a two-year contract with Apple soared by almost 6%. But then the growth of the papers faded away. Nevertheless, most Wall Street industry experts expect further growth from Broadcom shares in the coming year. JPMorgan analysts say Broadcom is the leader in wireless networking, data centre networking, software and hardware. Leadership in the company's industry ensures its large scale and technological capabilities, analysts say. By De...

Intel will become the owner of a network startup Barefoot Networks reports The Wall Street Journal. Details and amount of the transaction were not disclosed. Earlier, Internet giants Google, Alibaba, Tencent, and Goldman Sachs invested in Barefoot Networks. It is expected that the startup will pass under the full control of Intel in the third quarter of this year. Intel has long dominated the computer processor market. The company successfully promoted its data center chips as cloud computing expanded. Now Intel intends to gain a foothold in other technologies. Although Intel is the largest US manufacturer of computer chips, the company does not produce chips that control communication over Ethernet. The recognized leader in this field is Broadcom. The purchase of Barefoot Networks should solve the problem of a sharp increase in data volume. The surge in the amount of information processed led to a significant increase in the demand for computing power for analysis in...

The euro against the dollar has changed the trend. Throughout the past week, the euro has appreciated. As a result, the European currency was able to strengthen to the maximum level against the dollar in two and a half months. On Monday, June 10, the trend reversed and the euro began to fall. The reason for the weakening of the single currency was the news that the European Central Bank (ECB) could lower the interest rate. The euro has also contributed to the decline in the global strengthening of the dollar. American currency has risen in price to most currencies on the planet after news of a deal between Mexico and the United States. Experts believe that yesterday's depreciation of the euro will be a one-time phenomenon, and in the future, the euro will strengthen. According to the bank's forecast, by the end of 2019, the rate will reach $1.16 per euro. The euro will continue to grow, confident in Commerzbank. Bank analysts believe the most compelling reason...

Analysts have found a way to make money on the extravagance of oil companies. Shares of oil producers themselves are characterized by high volatility and therefore are not always suitable for long-term investments. You can avoid the risk of cheaper oil if you invest in a large contractor. Generous orders of oil producers for assistance in exploration, field development, pipe laying and other services go to so-called oilfield services companies. Over the past year, the turnover of this market amounted to $ 250 billion, calculated in Fortune Business Insights. According to their research, by 2026 this market will reach $ 330 billion. The annual growth rate will be 3.7% per year. Growing demand for oil and gas will contribute to the rise of the oilfield services segment. Because of this, more and more companies will appear on the market that will need help with pumping oil. The growing demand for oil services in the United States due to the presence of shale gas in the r...

The managing director of the International Monetary Fund, Christine Lagard, said that the risks associated with international trade disputes, which the IMF had warned about, had begun to materialize. “Two months ago, we warned that we had to be very careful with what was happening with the main engine of economic growth, which is trade,” said Lagarde, speaking at the American Institute of Entrepreneurship in Washington. “Everything that hinders trade: duties and non-duty barriers will, in fact, also slow down economic growth. Unfortunately, we see some realization of these risks,” she added. The head of the IMF stressed that trade wars could undermine the pace of global economic growth. The vulnerability, which the Fund indicates, and the instability of the process of restoring the growth rate of the global economy have been confirmed. We are now seeing this synchronized slowdown in economic growth. In particular, the IMF for the third time in the past six months has ...

Analysts doubt how high the interest of consumers in cars Tesla brand. Tesla's total shipments fell in the first quarter by 31% from the previous three months and amounted to about 63 thousand vehicles, the company reported in April. According to The Wall Street Journal, a slowdown in sales growth threatens the achievement of targets and raises concerns about how many people are left willing to buy expensive company sedans. The head of Tesla, Elon Musk, stated that the demand for the Model 3 is “insanely high”, but the availability of the model is a deterrent for consumers. The average selling price of Model 3 last year was $57 thousand. Musk reduced the company's expenses in order to allow it to reduce the cost of the model and sell it with a long-awaited starting price of $35,000. However, high prices still push potential buyers, especially against the background of reduced tax advantages. Tesla shares have fallen by 45% since the beginning of the year...