Tip TV | Aug 19, 2015 15:18
Zak Mir and Mike Ingram were joined by Paul Rodriguez, Director at ThinkTrading.com, on the Tip TV Finance show to discuss the FTSE 100, Apple (NASDAQ:AAPL) and the credit crunch 2.0.
Rodriguez commented that the FTSE 100 has been going sideways despite the UK releasing positive data in terms of low interest rates. He noted that in the short term, the FTSE could see a move down to 6000, and if it breaks that, it could see some proper downside.
Rodriguez highlighted how the Apple watch has largely been a failure and that whilst Apple have ventured into other developments, other companies have been pushing their mobile devices to compete with the IPhone. He moved to the chart, and outlined a fall to $100 is likely after reaching a top at around the $120 level. Rodriguez finished by expressing that Apple could trade a range for a while, but overall demand is weak and will remain weak.
Rodriguez noted throughout the segment on certain headlines such as the devaluation in China, the general use of Quantitative Easing and the decrease in commodity prices. He noted Copper to be the true indicator of the global economy, and that it is currently accelerating in a downward trend. Mir added that the situation in China will delay a Fed rate hike in the US, and he believed that even without the Chinese situation, the Fed would have backed down themselves. This led to his conclusion that more and more signals are supporting the fact that a second credit crunch is likely to occur towards 2016/2017, and also likely to be stronger than the first.
Original Post
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.