Presentation of the new iPhone 7 and its impact on the market.

September 16, 2016

Last week Apple has pleased users with presentation of the new flagship smartphone, iPhone 7. Immediately after the presentation started sales of the company's shares, causing on Thursday, 8th September 2016 it’s price dropping for more than 2 percent. Everyone who wanted to gain this event had it clear that at the time of the presentation there won’t be any sharp rise, and got rid of the shares.

Following the drop of shares of one of the most popular IT companies the US index S&P500 has been reducing as well. The Apple's impact on the US indexes is very high. Such technical picture may cause further reduction of the index that may push speculators to consider further the declining strategy for the current market.

The beginning of the new week has confirmed the trend: index S&P500 is falling and the dollar gets stronger. This information can be used to trade along the analysts of the company FIBO Group, Ltd.
We suggest to pay attention to all the currency pairs, where the US dollar is involved. In addition to the currency market instruments we can also offer to our clients the opportunity to trade CFD, looking for the ticket US500.DEC6.


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