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27 May 2019

Huawei founder: Will oppose Chinese retaliation against Apple - Bloomberg

In an interview with Bloomberg, Huawei Technologies' founder and Chief Executive Ren Zhengfei noted that he would oppose any retaliation by China against Apple Inc, the iPhone maker.

When asked about calls from some in China to retaliate against Apple, Ren said that he would “protest” against any such step if it were to be taken by Beijing.

Ren added, “that (Chinese retaliation against Apple) will not happen first of all and second of all, if that happens, I’ll be the first to protest,”

However, Ren conceded that export curbs from the administration of US President Donald Trump will cut into a two-year lead built by Huawei over its competitors, as cited by Reuters.

May 27, 2019

EUR/USD consolidates rally to 1.12 handle

EUR/USD has soaked up the European elections ahead of a U.K. and U.S. holiday making for a likely quiet Monday all around. Just taking a quick glance

NZD/USD technical analysis: Two-month falling trendline scaled

NZD/USD closed at 0.6550 on Friday, confirming an upside break of the trendline connecting March 26 and April 17 high. Also, a close at 0.6550 validat