Amazon CEO Jeff Bezos, the world’s richest man with $116.4 billion according to an Oxfam report this week, believes his smartphone was hacked in the middle of 2018. He ordered an outside investigator to look into the matter because tabloid National Enquirer published text messages he’d sent to his mistress, as he was in the process of divorcing his wife of 25 years. Saudi Prince Mohammed bin Salman had sent a video via WhatsApp to Mr Bezos, believed to contain malware, which was probably the source of the hacking. The Saudi Embassy in the US Tweeted today that the notion was ‘’absurd’’. City AM today carries a double-page advert featuring the City of London skyline from oil giant Aramco.
Leaderless since October, the Lebanon yesterday formed a new government backed by Shi’ite Hezbollah, Al Jazeera reports, when President Michel Aoun signed off on the new cabinet.
DAX 30
Still working inside a potential broadening top formation but the commodity channel index has yet to turn down decisively, despite yesterday’s little hanging man candle.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
FTSE 100
Chancellor Sajid Javid, the only member of the British government allowed to go to Davos this year, sent UK car-makers and Brussels bureaucrats into overdrive when he said that Brexit would not necessarily align with EU rules.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
S&P 500
Overbought, as it has been for almost 3 months.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
BRITISH POUND/US DOLLAR
The daily is as boring as it’s been in weeks. City AM writes that a report out today from PwC, commissioned by the City of London Corporation, shows London is still the biggest player in the FX market with 43.1 per cent of global trade and top in interest rate derivatives with 50.2 per cent.
SHORT TERM TRADER: Small long at 1.3075; stop below 1.2900. Target 1.3500.
POSITION TAKER: Square.
EURO/US DOLLAR
The euro carries on drifting while President Macron back-pedals furiously over his proposed digital tax.
SHORT TERM TRADER: Square.
POSITION TAKER: Square.
GOLD
Bearish momentum actually increased on yesterday’s close and the large doji candle it produced denotes instability at current levels and a market looking for direction.
SHORT TERM TRADER: Took profits at 1565 as unhappy with current divergence.
POSITION TAKER: Square.
