Amazon Launches New Music Service

Shares in Amazon (NASDAQ:AMZN) rose in early trading it announced the launch of it’s paid music streaming service. Named Apple Music Unlimited, the new service is aimed to compete directly with the currently market leaders, Apple Music and Spotify. These two giants currently account for over 50% of the subscription music market. Digital streaming of … Read more

Gold Price Falls Below Key Support

The price of Gold has fallen for the forth day to an overnight low of $1249 in overnight trading. It now sits at it’s lowest level in four months. An improving US economic outlook based on better than expected figures. The latest non-Farm payrolls data could cement this outlook and signal further falls for the precious metal. … Read more

Oil Breaks Higher On Dollar Pullback

The week starts as it ended, with sentiment largely moving against the US dollar. From a technical perspective the greenback is simply following a falling resistance line, so weakness should perhaps be expected. Fundamentally however, it was perhaps Bernanke’s’ comments last week that will weigh heavier on the currency. This week the major economic data … Read more