Google’s strategy to climb up in 2015

Technology war won’t finish while every one want to be the best in the market, And Google Inc. executives are taking the stage this week to talk about a plethora of new technologies, including automobiles, home automation, digital TV, Web- connected devices and a new version of Android.

What will prove to be a breakout hit from Google’s annual developer’s conference, called I/O, has always been harder to predict.

“They are the kind of company that can push the boundaries in all directions — what sticks is another story,” said Al Hilwa, an analyst at IDC. “They’re typically very experimental.”

Case in point: cardboard. Of all the gadgets Google unveiled at last year’s event, Google Cardboard was a surprise success, putting virtual reality into the hands of everyday users by turning smartphones into headsets. Now the Web company is seeking to maintain momentum for the gadget, and will probably give new hardware and software guidelines aimed at improving users’ experience.

Android, the key component of the company’s efforts to break into virtual-reality, cars and television, is due for an upgrade. As in past years, Google is expected to use the event to reveal updates for the mobile software. The new Android operating system could get updates around security, including fingerprint technology.

Google, based in Mountain View, California, declined to comment on its plans for the conference, which starts Thursday and will draw thousands of programmers who develop software, hardware and services that work with Google’s products.

Google Gadgets

For payments services, Google may unveil new products and services based on technology it acquired from Softcard, a mobile-wallet service, in February. That could help boost Google Wallet, which has less than 10 percent of the payments market.

For car automation, Android Auto may include navigation updates and other new features designed for drivers. Google will also be able to report some success in automobiles as well — General Motors Co. and Hyundai Motor Co. said this week that they expect to roll out vehicles equipped with Android Auto later this year.

Google also could introduce upgrades to its software and services for the Internet of Things, such as Web-connected lightbulbs to refrigerators. Even though Google bought Nest Labs, the maker of digital thermostats, for $3.2 billion in February 2014, the company hasn’t announced a major new product since then. A key question will be whether ex-Apple Inc. executive Tony Fadell will take the stage to update developers on Google’s progress in home automation.

Expectations of lower home sales in the US

With the elevation in the temp by the summer, the houses prices rose up as well in more the 20 city in USA.

The S&P/Case-Shiller’s 20-City Composite gained 5 percent year-over-year in March, matching February’s pace of appreciation.

Ten cities saw home prices rise in the last 12 months, and 10 urban areas reported a year-over-year decrease.

More than $20 the Gold lost today

The Gold future price fell sharply today as a wave of optimistic U.S. economic data pushed the dollar to its highest level in four weeks.

On the Comex division of the New York Mercantile Exchange, gold for August delivery plunged 17.20 or 1.43% to $1,187.70 a troy ounce. Earlier in the session, gold plummeted to $1,185.80, its lowest level in more than two weeks, dipping below $1,200 an ounce for the first time since May 13.

Gold extended losses from overnight trading, falling to a session-low of $1,185.80 in the U.S. morning trading session after a flurry of economic reports provided indications that the Federal Reserve could institute an interest rate hike at some point this year. On Friday, Fed chair Janet Yellen said it would be appropriate to raise its benchmark Federal Funds Rate in 2015 if the economy shows continued improvement.

U.S. durable goods orders fell slightly by 0.5% in April, tamped down by a 4% decline in commercial airlines and 3.4% dip in computer orders. Following a 4% rebound in March, analysts expected long-lasting manufactured goods orders to drop by 0.6% for the month.

A reading of core orders, however, which excludes volatile bookings of airplane and auto orders, rose by 0.5% last month, above expectations of a 0.4% gain. Last month’s rebound could be attributed solely to a surge in airplane orders after transportation procurements spiked by 15.2%. In March, the core reading fell by 0.2% month-to-month and by nearly 2% on a yearly basis.

Shortly thereafter, the U.S. Department of Commerce said new home sales in April rose 6.8% to a seasonally-adjusted 517,000. The gains fell in line with analysts’ forecasts of a 485,000 to 540,000 increase for the month. New sales were concentrated in the Southern portion of the United States, arguably the most important housing region in the nation, where the figure rose by 5.8% for April. The surge still failed to offset a precipitous fall in March when new home sales in the south dropped by nearly 12%.

At the moment, the gold price is close to two week low and I think there will be more decline to the yellow metal this week.

Oil prices today strongly influenced by the global demand

Oil prices fell sharply after a light rise in Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted.

In addition the situation in the Middle East continues to worsen in Ramady and now Palmyra under ISIS rule.

The market drew support from figures showing strong demand across Asia and the United States.

“Global oil demand continues to surprise to the upside, with April data showing no signs of slowdown despite a pick-up in prices,” Energy Aspects said in a note.

Japan’s customs-cleared crude oil imports rose 9.1 percent year-on-year to 3.62 million barrels per day (bpd) in April, the Finance Ministry said.

In China, crude imports hit a record 7.4 million bpd last month, with healthy car sales countering a slowing economy.

In the United States, the peak summer driving season started with Memorial Day on Monday, and the American Automobile Association said road travel was expected to reach a 10-year high over the long weekend.

The dollar held near two-month highs against the euro <eur=>and yen <jpy=>, as well as a one-month peak against a basket of currencies (DXY).

A strong dollar makes greenback-denominated crude oil less attractive for holders of other currencies.

“The overall fundamentals still point to a well-supplied market, a fact that should continue to put a ceiling on prices,” Barclays (LONDON:BARC) said.

Iran plans to raise its oil output by 170,000 bpd by March 2016, the official IRNA news agency cited an Iranian oil official as saying.

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), aims to boost crude exports by up to 1 million bpd if Tehran and six major powers finalize a nuclear agreement by a June 30 deadline.

In oil exporter Libya, warplanes from the official government attacked an oil tanker docked outside the city of Sirte on Sunday, wounding three people and setting the ship on fire, officials said.

It was the third confirmed strike by the internationally recognized government on oil tankers, part of a conflict between competing administrations and parliaments allied to armed factions fighting for control of the country.

Crossed fingures for Yellen in 2015

Federal Reserve Chair Janet Yellen still shows the positivity in her speach in front of the Fed that she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow.

While the labor market is nearing full strength, “we are not there yet,” she said Friday in a speech in Providence, Rhode Island.

“If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate,” she said.

Even after the first rate increase since 2006, “I anticipate that the pace of normalization is likely to be gradual,” Yellen, 68, said.

Echoing the Fed’s April statement, Yellen said she expects the economy to return to a “moderate” pace of growth after a disappointing first quarter as headwinds including a cooling global economy gradually abate.

U.S. stocks pared losses following Yellen’s remarks, with the Standard & Poor’s 500 Index declining less than 0.1 percent to 2,130.49 as of 1:16 p.m. in New York. The yield on the benchmark 10-year Treasury was little changed at 2.20 percent.

Yellen repeated that policy isn’t on a pre-set course and the Fed may tighten more quickly if the economy performs better than expected or raise rates at a slower pace if it disappoints. Delaying the first rate increase until employment and inflation return to the Fed’s objectives “would risk overheating the economy,” Yellen said.


November 2015, is the splitting date for HP

While HP moving on their turnaround program to divide the company to two companies, Hewlett-Packard reported mixed quarterly earnings on Thursday as sales slid 7 percent from the year-earlier period.

The company posted fiscal second-quarter earnings of 87 cents per share as revenue fell to $25.5 billion from $27.3 billion a year ago. Shares rose more than 1 percent in extended trading.

Wall Street had expected the company to deliver quarterly earnings per share of 85 cents on $25.64 billion in revenue, according to consensus estimates from Thomson Reuters.

HP added that its planned separation into two independent companies is on schedule for November. The company expects at least $400 million in dis-synergies from the split.

“I’m pleased with where we ended the quarter, the continued success of our turnaround, and the progress we’re making on separation,” said HP CEO Meg Whitman in a release.

HP will separate its legacy computer and printing business from its enterprise computing segment. The companies will be called HP Inc. and Hewlett-Packard Enterprise.

To read more, click here.

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£40 million the new Qatar investment in London

Qatari royal family extended their properties in the London by investing in the most affluent areas, expanding its empire of prime real estate in the U.K.’s capital further, according to British newspaper, the Evening Standard.

Gold price fell sharply

By the end of Tusday, Gold prices decline toward $1200 and trad at the moment around $1207, amid a stronger dollar and indications that the European Central Bank is likely to ramp up its quantitative easing program during the summer.

On the Comex division of the New York Mercantile Exchange, gold for June delivery plunged 20.20 or 1.64% to 1,207.50. At one point, gold futures fell to a session-low of 1,205.90 its lowest level since May 13. After opening at 1,223.90, gold inched up to a daily-high of 1,224.40 before suffering a free-fall in European afternoon trading.

Following a treacherous winter, realtors are welcoming a prosperous spring housing surge. New residential construction for the month of April soared to its highest level since 2007, bolstered by a spike in multi-family starts. The U.S. Department of Commerce said Tuesday that housing starts last month surged more than 20% for the month to 1.135 million, one of its highest on record. The reading far exceeded the high end of analysts’ forecasts, which hovered in a range of 0.97 to 1.120 million.

Similarly, the number of new U.S. housing permits soared last month by more than 10% to 1.143 million representing its largest gain in more than seven years. Permits for multi-family units rose by 20.5% to 0.477 million, while multi-family starts swelled by more than 25% to 0.402 million. It was also a strong month for single-family starts, which expanded by 16.7% on the month and 14.7% year-over-year to 0.733 million.

To read more, click here.

The Dollar recovery, stopped the Gold gain

The Gold price declined in Friday morning after a good gain within this week from $1189 on Monday to $1225 on Thursday. As the dollar regained some strength ahead of upcoming U.S. economic reports.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.40% at $1,220.30.

The June contract ended Thursday’s session 0.57% higher at $1,225.20 an ounce.

Futures were likely to find support at $1,190.40, the low from May 13 and resistance at $1,227.70, Thursday’s high.

On Thursday, the Department of Labor said the number of Americans filing claims for initial jobless benefits in the week ending May 9 fell by 1,000 to 264,000, coming in just above the 15 year low reached two weeks ago, indicating that the recovery in the labor market is continuing.

But the data was overshadowed by another report showing that the U.S. producer price index fell 0.4% last month and was 1.3% lower on a year-over-year basis, the largest drop since 2010.

The weak inflation data reinforced expectations that the Federal Reserve will hold off on raising interest rates until the economic recovery is on a stronger footing, sending the greenback lower.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.07% to 93.57 in early European trade, off Thursday’s four-month lows of 93.16.

Investors were now looking ahead to reports on U.S. industrial production, manufacturing activity in the New York region and consumer sentiment, due later in the day, for further indications on the strength of the economy.