Tag Archives: Facebook

Dollar Steady, Drawing Support From Rise In US Yields

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the financial markets:

WHAT WE’RE WATCHING TODAY

Dollar Steady Drawing Support From Rise In US Yields

The dollar held steady against a basket of major currencies on Tuesday, holding on to gains made the previous day as a result of higher U.S. bond yields after last week’s solid U.S. jobs report. The dollar index stood at 80.607, keeping above a near two-week low of 80.240 touched last Friday. The dollar held its ground against the euro, which pulled back from last week’s high of $1.3677 as a short-covering rally following the European Central Bank’s easing steps lost momentum. The Euro was steady at $1.3591, after having lost 0.4 percent on Monday. The retreat in the euro brought it back closer to a four-month low of $1.3503 touched on Thursday shortly after the ECB cut interest rates to record lows and took its deposit rate into negative territory for the first time. The euro could face further downward pressure in the near term, hampered by a widening in interest rate differentials between the United States and the euro zone, according to market strategists, and interest rate differentials could be a driver for the euro versus the dollar. A rise in the benchmark 10-year U.S. Treasury yield from an 11-month low of 2.042 percent set in late May has helped bolster the greenback’s appeal. The 10-year U.S. Treasury yield last stood near 2.60 percent.

Global Stocks Near Record Highs As Volumes Decline

Global stock markets are on the brink of record highs, but analysts warn of alarm bells ringing as volumes in the markets are low and show no sign of bottoming out. U.S. equity indices hit record highs last week and looked set to advance their gains on Monday as the Dow Jones Industrial Average rose to an intraday record. In Europe, stocks also started the week on a positive note. The MSCI All Country World Index, which tracks equity markets across 45 countries, was higher on Monday at 426.77, just shy of its record high of 428.63 hit in 2007. However, even as the bull run continues, supported by data pointing to an economic recovery in the U.S. and Europe, traders are concerned about the lack of price volatility and low trading volumes, which they say make it difficult to detect investor mood. During the financial crisis, U.S. equity volumes traded at around 9 billion shares a day. Now, around 5 billion shares a day are being traded. Small volumes are also adding to low equity market volatility, which has dropped to levels not seen since 2007. As equity markets trade around levels not seen since before the global financial crisis in 2008, economists have warned that a correction could be on the way.

Paypal Chief Joins Facebook To Strengthen Mobile Messaging

A stronger set of features, possibly including payments, may be coming to Facebook’s messaging properties as former PayPal president David Marcus joins the social network as head of mobile messaging. Facebook’s hiring of Marcus represents a serious investment by the company to strengthen its messaging software. Facebook did not say what improvements specifically might be coming, but it’s clear the company is looking to further expand the use of its messaging apps, and maybe introduce monetization features. Messaging has grown to become an important part of Facebook’s service. Around billion messages are sent through Facebook daily, according to the company. Messenger, Facebook’s standalone messaging app, is also used now by more than 200 million people every month, just under one-fifth of Facebook’s total user base. Facebook is becoming more active in mobile messaging with other apps, too, having recently purchased WhatsApp, and with a new photo messaging app in the pipeline.

That sums up today’s highlights! We hope you have a profitable day on the markets.

UK Retail Sales Show Easter Rebound

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the financial markets:

Main Trading Event Of The Day: GBP Retail Sales m/m @ 08.30 GMT

WHAT WE’RE WATCHING TODAY

As UK Retail Sales Show Easter Rebound, Will Carney Reconsider Policy?

UK retail sales is set for release early today. Data from the Confederation of British Industry shows that retail sales bounced back this month after a weak March, helped by sales from a later than usual Easter. With the current economic situation in the UK looking up, an upside surprise could raise expectations of policy tightening, and in turn, the strength of the sterling. Twelve months ago, the International Monetary Fund announced a UK growth forecast of 1.5% for 2014. At the beginning of this month, the IMF revised its estimate to 2.9% in 2014, making the UK the fastest growing economy in the G7. Data releases have compounded improving expectations, with production, trade balance and unemployment data all beating forecasts over the past two to three weeks, and the market is eagerly anticipating a potential near term interest rate hike. The latest MPC meeting minutes dampened these expectations somewhat, but if data continues to impress the BoE would likely have no choice than to consider some sort of policy tightening. For this reason, the market is watching the UK headline releases with a renewed focus.

Asian Shares & U.S. Dollar Struggle As Ukraine Tensions Escalate

Asian stocks struggled today, with fears of an escalating Ukraine crisis overshadowing upbeat U.S. economic data and U.S. tech shares. MSCI’s broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 percent. Japan’s Nikkei stock on the other hand, added 0.5 percent in choppy trade, after opening solidly lower amid disappointment over a failed attempt to reach a U.S.-Japan trade pact. On Wall Street overnight, stocks managed to shrug off the rising Ukraine tensions after Apple and Facebook posted upbeat results on Wednesday and U.S. economic data suggested that growth picked up pace in the second quarter. While brighter U.S. stocks and upbeat data supported the greenback, it still fell against a basket of major currencies, with the dollar index edging down to 79.760. But the U.S. dollar took back some lost ground against the yen, adding about 0.1 percent to 102.42 yen, while the euro also rose 0.1 percent against its Japanese counterpart to 141.65 yen. Against the dollar, the euro was steady on the day at $1.3832, despite comments from European Central Bank President Mario Draghi repeating recent concerns about euro strength and the ECB’s willingness to launch a “broad-based asset purchase program” if low inflation become entrenched.

Facebook’s Success In Mobile Continues To Soar

Facebook reported on Wednesday that it had made $2.5 billion in revenue in the previous three months and that it now has almost half the world’s Internet population logging in at least once a month. More than a billion people access the site monthly via mobile devices. The company is also doing better than expected when it comes to making money from mobile ads. For now, at least, its mobile ad business seems immune to the seasonal shifts in its desktop ad sales. The growth of mobile advertising has been explosive. Traders take note!

That sums up Friday’s highlights! Keep up to date with our regular posts on Facebook, Twitter, Google+ & LinkedIn today and over the weekend!

We hope you have a profitable day on the markets.

Dollar Gains But Euro Weaker As ECB Considers Easing

Here’s Friday’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the markets:

Main Trading Event Of The Day: GBP Current Account @ 09.30 GMT

WHAT WE’RE WATCHING TODAY

Dollar Gains But Euro Weaker As ECB Considers Easing

The dollar gained against the euro on Thursday as investors bet the Federal Reserve will start hiking rates before Europe’s central bank, which has signaled it could loosen monetary policy soon. Fed Chair Janet Yellen said that the central bank could potentially raise rates after a period of about six months from the end of its bond-buying program. That puts the first hike as early as next spring and has surprised market participants. At the same time, the euro has been under pressure on rising expectations the European Central Bank will move to further ease monetary policy in an effort to stave off deflation. The euro EUR/USD changed hands at $1.3744, down 0.3% on the day. The shared currency has weakened since ECB officials this week signaled the central bank would consider negative deposit rates and a move toward outright quantitative easing. The U.S. dollar added slightly to gains after the Labor Department said the number of people who applied for first-time weekly jobless benefits fell by 10,000 to 311,000 in the week ended March 20, the lowest level in four months. Economists had forecast claims of 320,000.

Gold Near 6-Week Low; Heading For Second Weekly Loss

Gold recovered slightly on Friday after sharp overnight declines but the metal remained near six-week lows and on track for a second straight weekly decline, as improving sentiment over the U.S. economic outlook dented its safe-haven appeal. Bullion has dropped about $100 an ounce from a six-month high in the last nine trading sessions on strong U.S. economic data and comments by Federal Reserve chairman Janet Yellen that interest rates could rise in the first half of 2015. The sharp drop in prices in the last few days is expected to bring physical buyers back into the market and help gold prices consolidate although some analysts have expressed concern that there could be a further downside ahead for gold and that the metal will struggle in the face of weak demand and forecasted rising real interest rates in the U.S.

Is Social Media The Future Of Trading?

Stock prices are driven largely by mass psychology while social media enhances people’s ability to share opinions and news on a large scale. As more individuals join the social networks Facebook, Twitter, or LinkedIn, their role in spreading information will increase. Market information will be more easily shared amongst consumers of social media, decreasing the time it takes for potential investors to react to changing conditions. Simultaneously, the reaction time of potential investors to opinions will decrease. If there are rumours surrounding a stock or other investment and no factual information to check them with, social media users will consume the rumours as a substitute for fact. The mass psychology of the investing community will be more heavily dictated by social media. Looking to the future, traders will rely on social media for trading matters more and more.

That sums up Friday’s highlights! Keep up with all the trading news for the day via Facebook, Twitter, Google+ and LinkedIn. We hope you have a profitable day on the markets.

Just A Minute!

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the markets:

Main Trading Event Of The Day: USD JOLTS Job Openings @ 14.00 GMT

WHAT WE’RE WATCHING TODAY

Signs Of A Global Recovery But Economy Going Nowhere Says Top Forecaster

Companies across the globe are increasingly confident about the economic recovery and their own finances for the coming quarter, which shows more countries are planning to increase their staffing in almost six years, according to a survey. The quarterly employment outlook survey by Manpower Group showed that companies in 38 out 42 countries indicated plans to hire more workers in the second quarter, the largest number since the third quarter of 2008. The mildly positive tone of the quarterly survey suggests the global economic recovery will continue with higher rates of employment helping to boost business output and consumer spending. The second-quarter survey results don’t exactly point to a turnaround in Europe, but there are several indications that employer optimism is gradually improving.

While the Federal Reserve, the White House and many private-sector economists support these predictions for stronger growth in 2014, one of the most accurate forecasters in the business, Stephen Stanley, chief economist for Pierpont Securities, disagrees saying that he doesn’t see the impetus for 3% growth. He believes the economy will be satisfactory, with growth in the 2% to 2.5% range, but below the 2.7% to 3.3% expected by the Fed, the White House, the Congressional Budget Office and private forecasters. The recent spate of unseasonably cold and snowy weather has upset the usual tools for forecasting the near-term trajectory of the economy. There’s no doubt that many of the economic indicators of job growth, factory production, retail sales and housing have been massively distorted by the effects of the weather but we are unlikely to really know what the underlying strength of the economy is until the April and May data come in. Stanley is also skeptical that the relaxation in fiscal policy this year will have any meaningful impact on growth or give any support to the economy.

Oil Prices Drop After Data From China & Japan Show Weak Trade

The price of oil fell below $102 on Monday after an unexpected drop in China’s exports and weaker economic growth in Japan showed demand for crude could weaken. Benchmark U.S. crude for April delivery was down $1.18 to $101.40 per barrel. On Friday, the contract rose $1.02 to close at $102.58 after strong U.S. employment figures for February. Brent crude was down 90 cents to $108.11. China’s customs data showed over the weekend that exports plunged by an unexpectedly large 18 per cent last month. Robust trade is crucial in helping China achieve its official economic growth target of 7.5 per cent for this year. However, exports in February last year might have been overstated by exporters inflating sales figures as an excuse to evade currency controls and bring extra money into China. Japan revised down its growth estimate for the final three months of last year after announcing a record current account deficit for January. Oil prices surged last week due to severe winter in the U.S. that raised demand for oil and tensions over Russia/Ukraine political situation.

Stocks Update: Facebook, Rio Tinto

Facebook shares have jumped 32 percent so far this year, compared with a 1.6 percent gain for the Standard & Poor’s 500 Index. The surge has left the 49 analysts who cover Facebook divided. 38 of them recommend the company with the equivalent of a buy rating but 21 of the total now have share-price targets below where Facebook is trading. That translates to an average 12-month price target of $72.46 for Facebook, less than 1 percent above the company’s closing price of $72.03 yesterday. With the stock advancing more rapidly than anticipated, the price targets suggest that analysts on average see little upside to the stock which may force some of the bulls to adjust their projections. Facebook’s rally to $72.03 a share has already left it trading at 122 times trailing 12-month earnings, making it more expensive than 98 percent of all companies in the S&P 500.

Meanwhile, Rio Tinto Group, the world’s second-biggest iron ore shipper, said short-term price fluctuations will continue after a credit squeeze in China and high stockpiles plunged the commodity into a bear market. Proof of short-term volatility is being seen this week whilst the market is continuing to see an attractive longer term demand for iron ore, driven particularly by China. Iron ore this week extended its decline, slumping by the most since August 2009, amid concern that demand in China is slowing just as rising output signals a global glut. The Chinese government’s credit squeeze and high stockpiles are driving the rapid change of sentiment.

That sums up today’s highlights! Keep in touch with all the latest market events via our Facebook, Google+, Twitter & LinkedIn pages. We hope you have a profitable day on the markets.

Just A Minute!

Here’s today’s ‘Just A Minute’ bringing you a 60 second summary of what’s happening in the markets:

Main Trading Events Of The Day: USD CB Consumer Confidence @ 15.00 GMT

WHAT WE’RE WATCHING TODAY

U.S. Consumer Confidence Expected To Remain Near Five-Month High

A gauge of confidence among consumers is expected to stay unchanged in February after hitting a five-month high in January, according to economists. The U.S. has recently seen both positive and negative economic developments - conflicting forces that may have largely offset each other when it comes to consumer confidence. Stocks that raced up this month probably perked up consumers. Economists expect the Conference Board to report that its gauge of consumer confidence slightly pulled back to 80.1 this month from 80.7 in January. Consumers are the backbone of the U.S. economy, and analysts watch confidence levels to get a feeling for the direction of spending.

Meanwhile, the U.S. dollar steadied against its rivals in Asian trade with major currency pairs sticking to tight ranges as traders await economic data for more clarity on the pace of the U.S. economic recovery. The immediate focus for the dollar is U.S. data later in the day, including house price index and consumer confidence. Over the past few weeks markets have had to contend with negative surprises on U.S. hiring, retail sales and housing. Traders will also be looking to Thursday, when Federal Reserve Chair Janet Yellen speaks to the Senate Banking Committee in her semi-annual testimony about monetary policy. Yellen’s first few comments since replacing Ben Bernanke as Fed chief have largely supported the current pace of the stimulus-tapering, suggesting the recent weakness in the economy was merely a blip.

Eurozone Inflation In Biggest Monthly Fall In January

Eurozone consumer prices fell in January at their fastest ever pace on a monthly basis, dragged down by a slump in the cost of non-energy industrial goods. This has kept annual inflation well below the European Central Bank’s target. The inflation rate in the 18 countries sharing the euro dropped by 1.1 percent in January compared with December, keeping the annual inflation rate at 0.8 percent for a second month in a row. Economists expected consumer price inflation to accelerate slightly to 0.9 percent in January, a level that is still well below the ECB’s target of close to but below 2 percent. The annual rate was influenced by a 1.2 percent decline in the highly volatile prices of energy, while the monthly decline was hit by a 3.9 percent fall in prices of non-energy industrial goods and a 0.4 percent drop in the price of services.

In January, euro zone members Greece and Cyprus were stuck in deflation. Only Estonia, Latvia and Slovakia saw consumer prices rising month-on-month in January. Italy, the euro zone’s third largest economy, showed a 2.1 percent month-on-month decline, the biggest drop from among all euro zone members. In Germany, Europe’s largest economy, consumer prices fell by 0.7 percent on the month, keeping the annual inflation rate steady at 1.2 percent, with both figures coming below expectations.

Could WhatsApp Be Worth $100 Billion Once It Monetises?

Last week, Facebook Inc. made a huge decision to aquire WhatsApp, a mobile instant messaging app, for $19-billion which had industry observers questioning Mark Zuckerberg’s level of sanity and intelligence. But depending on what they do with the acquisition, it could prove to be a brilliant deal that completely redefines mobile communication and generates huge profits for Facebook. Perhaps this, after all, was a brilliant move on Mark Zuckerberg’s part as it becomes more apparent that he’s thinking about the next decade or more, while most short-term-minded investors suffer from tunnel vision locked onto today’s revenue.

In the next decade, it is likely that the majority of the world will stop using SMS and shift to data-oriented messaging programs on their smartphone. Facebook’s goal should be, and appears to be, to own this market. WhatsApp is huge. It has 450 million monthly active users, and are growing at one million new users per day. Can this be monetised? The possibilities are endless. The global SMS market brings in about $100-billion annually so it’s clear that there is money to be made here. People are not in the habit of using Facebook Messenger for real-time conversations and that’s where WhatsApp comes in. Facebook hasn’t just invested $19-billion to take over a popular instant messaging app. They’ve invested in the possibility of dominating mobile communication, using voice, video and text. The upside, should they execute well, is probably larger than most of us can imagine. We’re holding onto our shares!

That sums up Tuesday’s highlights! Follow us on Facebook, Twitter and Google+ for all the latest trading news and watch out for the all-important U.S. Consumer data later! We hope you have a profitable day on the markets.

Just A Minute!

Welcome to our new look Coffee Break page. Now you can catch up on some of the key highlights of your trading day in just a minute!

Main trading events of the day: EUR CPI Flash Estimate y/y @10.00 GMT & CAD GDP @13.30 GMT
Stocks to watch: Google, Amazon, Zynga & Chipotle
Other trading news: Amazon.com, Inc. reported Q4 EPS of $0.51, $0.15, worse than the analyst estimate of $0.66. Revenue for the quarter came in at $25.59 billion versus the consensus estimate of $26.06 billion

What We’re Watching Today:

Emerging Markets

While investors love the promise of high returns from emerging-market equities, there are not many of them to buy. Just how few are indicated on the map below. In many emerging markets, the value of all the freely traded shares of firms that feature in the local MSCI share index is equivalent to just one single Western firm! That means all the shares available in India are worth about the same as Nestlé while Egypt’s are equal to Burger King. This suggests that emerging economies need deeper, more liquid markets-and investors need more perspective. Worth bearing in mind if you’re trading.

Tech

Facebook

Investors in Facebook who were worried about a possible slackening in the social network’s membership growth can stop worrying. Facebook says 170 million new users joined the service over the last year, bringing its total to 1.23 billion active monthly users around the world. Looking at this another way, Facebook added the equivalent of 73 percent of Twitter’s user base to its membership rolls in 2013. This amazing statistic came earlier in the week amid an upbeat earnings report from the world’s largest social network. No doubt this has quietened skeptics! As Mark Zuckerberg celebrates Facebook’s 10^th birthday, it looks like it’s here to stay!

Stocks

As goes January … so expect a volatile year (so the saying goes….)

As we say goodbye to January, the stock market is down about 3 percent, and it has already set the tone for a much more challenging year. As goes January, so goes the year, is the adage. It has been right in 62 of the last 85 years, that’s 73 percent of the time. Since World War II, whenever the market was down in January, the average price change was usually flat in the remaining 11 months. Will history repeat itself again? Let’s see what February has in store…

That sums up Friday’s highlights! We’re back on Monday. Don’t forget, if you need to brush up your trading skills, why not visit our educational site this weekend? Banc De Binary’s free tutorial is easy to follow and can be done at your own pace. Learn with the experts and become a superior trader! Here’s the link www.bancdebinary.net

Has Email Reached The End Of The Road?

Take a typical work day - you come in, grab yourself a coffee, sit at your desk, log in and start to browse through the multitude of emails that awaits you. Some are important, some may be urgent, but most are destined for the trash. You plough through your inbox, replying to some and flagging others for later. By the time your real work starts, your coffee’s gone cold! Thankfully, change is on its way and email may soon be overshadowed, leaving many companies wondering whether the end of email is nigh.

The idea of a workplace without email may seem unimaginable but it’s not the most effective way of managing projects and communication. Some companies are said to be losing up to 20 days per person per year dealing with email poorly and if you factor in the 100 billion spam emails sent daily, the figures speak for themselves. Security is another big concern. Business leaders are confronted with the dangers of unprotected emails almost daily but fewer than 21 percent of companies use an email encryption solution. It’s hardly surprising that people are increasingly turning away from email, both at work and at home.

Change is finally on the horizon and there are now a number of viable alternatives that pose a genuine threat to email’s dominance. Yammer and Chatter, for example, both provide internal social networks for companies which enable person-to-person communication similar to Facebook’s walls and allow you to create meetings and share documents, as well as a host of other features. Big names like Ford, eBay, and DHL have already adopted Yammer, a powerful testament to its potential as an alternative to email.

While these technologies offer significant promise for the future of business communications, email hasn’t reached a dead-end just yet, but business’s reliance on it as the primary means of communication may be coming to an end.

Will Candy Crush Its Competitors?

Considering that addictive puzzle game Candy Crush Saga has been downloaded more than 500 million times, that doesn’t leave many of us behind who haven’t been tempted by the candy sensation. It’s creator, King, has experienced an explosion in popularity since launching on Facebook in 2011 with its saga games, where players move through a competitive landscape and pass their friends on the way. Candy Crush Saga was the top downloaded free app for 2013, and the year’s top revenue grossing app.

It has become such a success, that King has decided to protect its intellectual property by trademarking the word “candy” in Europe and is in the process of obtaining protection for “candy” in the U.S. The trademark will also apply to apparel and other categories because merchandising is big business. It is somewhat surprising that a company would attempt to claim ownership of a word as generic as “candy” but they have their reasons. King has claimed that their IP is constantly being infringed so they need to enforce their rights to protect their players from confusion. They don’t, however, intend to enforce against all uses of “candy” as some are legitimate.

The usage of “candy” is so generic that in many instances it will be hard for King to make a case in court. The company would have to prove that confused consumers think the products are related. So, for example, unless consumers are likely to confuse games with chocolate, it doesn’t seem that Mars needs to worry too much about its M&Ms chocolate candies getting crushed any day soon! Or does it?!

Are Facebook And Unemployment Correlated?

In this industry, correlations are something we are very familiar with. For instance platinum follows the same trend as the CRB (commodities) index which has nothing to do with platinum yet, where it goes, platinum goes and that has been the case for years. In a similar way, there’s an inverse correlation with gold and the USD - when one goes up the other tends to go down.

Step into the internet world and you can find another example of, in this instance, a rather unusual correlation: Facebook and unemployment. You may be surprised to learn that the unemployment rate is more correlated with Google searches for “Facebook” than with any other search term!

It is a well known fact that some companies and industries do especially well in tough times and Facebook is one of them. Google’s Correlate finds search patterns which correspond with real-world trends. If you enter a query into the search box, it will give you search terms that have a similar pattern of activity. The tool also works the other way so that you upload your own data, and see what search terms line up. If you upload actual unemployment rate data to see what search patterns correlate most closely, Facebook searches dominate. Higher unemployment translates to more Facebook searches, and lower unemployment means fewer Facebook searches. They are so closely tied to unemployment, they outnumber searches involving actual unemployment-related topics!

It may seem reasonable to suggest that more unemployed people spend more time surfing the internet, either to pass their time or to connect with people who might help them find a job, but it is still surprising that Facebook is by a long way, the most correlated search. There doesn’t seem to be any other logical explanation for this occurrence and Facebook has not, as yet, provided any hard data as to why this is happening. Our explanation? Don’t ask us - we’re too busy working!

Company Confidential?

Still in app mode following yesterday’s post on Aviate and with Las Vegas’s CES still in full force, it’s interesting to hear that tech companies are pitching apps that provide untraceable message delivery. These are designed for corporate users that want a higher level of security than Snapchat offers. The latest offering is Confide, a text-based iOS app released this week by former AOL executive Jon Brod and Howard Lerman, chief executive officer of location-services company Yext.

Confide is aimed at professionals who want to speak openly about delicate personnel or legal matters without leaving a trail of evidence that exposes confidential information. Think about the times when someone sends a memo that says, ‘Confidential, do not forward,’ or when someone asks for your personal e-mail to go off the company’s network or when it’s something you’d rather talk about on the phone or face to face, but don’t have time – that’s where Confide comes in.

There is, however, still one potential problem. Companies face heavy regulatory pressure to preserve and not destroy business e-mails, financial records, and other documents. In business, there still needs to be some kind of audit trail and accountability. For instance, last month, the Financial Industry Regulatory Authority fined Barclays $3.75 million for its decade-long failure to retain certain electronic records, e-mails, and instant messages. If employees are discussing critical information or creating financial records, they should most probably be retained.

Confide could also face a much higher barrier to entry if Snapchat were to market itself more aggressively to business users. As the app has just been launched it is as yet unclear whether business people will commit to using such a service, but Brod and Lerman point to the success of Facebook’s corporate ‘copycats’ such as LinkedIn. The founders remain convinced that it’s incredibly important, like in the offline world, to provide the option of impermanence online.

Is this clever app a success in the making? Drop us a line and we’ll ‘confide’ in you!’

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