Michael Fisher | Trading Pedia

BlackBerry message system BBM expanding reach

May 16, 2013 10:57 am

The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such as WhatsApp and Viber who […] Read more

Cisco beats estimates

May 16, 2013 8:43 am

Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to be cut in a attempt […] Read more

WTI Crude Declines Amid Economic Slowdown

May 16, 2013 8:13 am

West Texas Intermediate continues its bearish trend amid signs of economic weakness in most of its major consumers. Data released yesterday showed below expectations economic growth in Germany, slip into recession by France, Italy performed worse than forecast and the U.S. showed slowdown in the industrial sector. This and the cut estimate of Chinas GDP […] Read more

China Shows Increased Gold Demand

May 16, 2013 7:17 am

Chinas gold demand increased in the first quarter by 20%, reaching 294,3 metric tons according to a report by the World Gold Council. Global demand fell 13% to 963 tons compared to Q1 2012 and gold slipped into a bear market after its biggest drop on April 15 as inflation failed to accelerate and investors […] Read more

US producer prices with widened decline

May 15, 2013 7:22 pm

US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […] Read more

US industry indexes’ standstill

May 15, 2013 1:46 pm

US stock futures pointed slightly lower levels than predictions, following a negative manufacturing news. The PPI (Producer Price Index) stands almost on same level as predicted (-0.7%). But thats not the case with industrial production which comes down to -0.1% from previously predicted +0.5%.The capacity factor slightly dissapoints predictions falling to 77.8%. The most significant […] Read more

Iron Ore Going Bearish

May 15, 2013 12:42 pm

Iron ore followed coppers trend and slipped into a bear market following the latest data about Chinas economical slowdown. JPMorgan Chase & Co. cut its growth estimate this year for the Asian nation from 8% to 7,6%, negatively impacting iron ores price. China is its world biggest consumer and these events lead to a 20% […] Read more

Copper at a 1-week low

May 15, 2013 12:12 pm

Copper reached a 1-week low after data showed the economies of its three biggest consumers – China, USA and Germany, are slowing down. JPMorgan Chase & Co. cut its growth estimate this year for China from 8% to 7,6%. Germany also showed negative signs with a worse than expected performance. The Federal Statistics Office said […] Read more

GBP/USD rises as optimism appeared after UK labour market data

May 15, 2013 9:21 am

Today GBP/USD pair increased, right after the release of positive data, concerning the labour market situation in United Kingdom. The pound expanded its positions versus the US dollar, reaching 1.5254 during European trade session. Resistance levels were expected at 1.5331, Tuesday high value, while the pair was to be supported at 1.5099, low value on […] Read more

Sony’s forecasts and the new PS4

May 15, 2013 8:06 am

After todays announcements of latest companys earnings Sony forecasts operating profit to stay steady till March 2014. Last year Sony reached its highest in 5 years due to the weakening yen which boosted sales. The weak currency made Sonys products more pricely competitive in consumer electronics business. Sonys operating profit this year reached $2.33 billion […] Read more