Market Update – 13-05-2016
AvaTrade | May 13, 2016 06:42AM ET
EUR/USD – yesterday it was still supported by the support around the 1.1375 level, but this morning it has dropped (finally) below this level in the aftermath of the German GDP data. The overall Eurozone GDP is also likely to give us some more volatility in a little bit. Later today we also have a range of important data out of the US, so it is definitely not a boring day today.
Apple (NASDAQ:AAPL) – with all the rumors about an Apple car, it has now taken its first real public action and will be investing $1 billion in Didi, the Chinese version of Uber and one of its competitors. This comes as Apple is looking to expand the range of products it can offer, especially after the last earnings are showing that the smartphone market appears to become saturated.
By Shawn Koopman
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