Continuing with technology. There have been a slew of major announcements this week which will help the sector as a whole continue to improve and look to push the market as a whole. Here are our 3 favorites:
ZTE Corporation (HK: 0763.HK) won two international design awards with its ZTE Zing Series highlighting the international mobile producers ever increasing competitiveness with their Korean, Japanese and American counterparts.
Toshiba Corporation (LSE: TOS.L) announced its development of the world's fastest device controller for NAND Flash Memory Modules.
PayPal and Samsung Electronics Co. (LSE:SMSW.LI)
In The Biotechnology sector one of the major movers has been Novavax Inc (NASDAQ: NVAX). This mid cap Biotech firm is one of the main developers of vaccines specifically targeting RSV and Influenza illnesses. With several products at mid level FDA approval the company has been linked with potential buyout talks by Merck & Co. Inc with several other firms eagerly awaiting the results of the latest FDA update on approval. With the stock's recent volatility showing both profit taking and subsequent re-investment there can only be a positive outcome in our opinion.
Finally we round off with a quick look at the Forex and Commodity markets.
The USD $ has been looking weak this past few months. A small correction is expected to surface over the next week or so with the Dollar to Pound looking to settle at 1.63 and the Dollar to Euro looking at an even smaller move to the 1.36 range. FX traders seem to be quiet so far this year and it is a general rumor within the sector that the Forex Industry is going to be very quiet in 2014.
Precious metals are starting to threaten a breakout with Forex and certain industries in the market looking flat. Gold has reached a 4mth high lately off the back of China growth and general concerns with the global economy. This has seen gold's April contract rise to $1,338.00. Gone are the days of $2,500.00 an ounce being slated, now we expect a more leveled increase over the course of 2014. Silver spot has been hovering around the low $20's for the majority of 2014. Again, the late $40's of a couple of years ago are a distant dream however there is true belief in the value of this commodity and it will to some extent follow Golds expected increases over the course of the coming year.
For more information on the services provided by Triumph Financial Advisors please visit our website at www.triumphfinancialadvisors.com or contact us on firstname.lastname@example.org.
DISCLAIMER The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Triumph Financial Advisors.