The Traderszone Network

UBS has donated the code for a blockchain-based trading platform to a nonprofit group funding research into a cure for HIV/AIDS.

Seven of 10 major S&P 500 sectors climbed, with a 2.88-percent jump in energy stocks leading the way. Helping global and U.S. stocks, the European Central Bank kept its main rates on hold and Draghi said the central bank would “review and possibly reconsider” its monetary policy as soon as March. In the prior session, the relentless drop in oil prices and fears of a China-led global economic slowdown had sent the S&P 500 to its lowest since 2014.

Alphabet Inc’s Google said the disclosures should not have been made public, Bloomberg reported on Thursday. The information was disclosed on Jan. 14 in a lawsuit accusing Google of using Oracle’s Java software without paying for it to develop Android, Bloomberg said.

The world’s biggest coffee chain said Asia Pacific sales at cafes open at least 13 months rose 5 percent in the first quarter ended Dec. 27, but that missed the 6.10 percent increase expected by analysts polled by research firm Consensus Metrix. Operating margin also declined 240 basis points to 19.4 percent in the region, primarily due to the impact of ownership change of Starbucks Japan in the quarter. Both handily beat analysts’ estimates.

Forex news for January 21, 2015
ECB decision and statement:
Other news:
Markets:
– US 10-year yields up 5 bps to 2.03%
– S&P 500 up 9 points to 1869
– Gold flat at $1101
It was another rollercoaster as Draghi surprised with a strong hint that the ECB will do more in March. The euro dropped 150 pips in a flash but the spike bottom was the low for the day. Th euro eventually recovered nearly all the decline and recovered to 1.0900 before a late slip to 1.0871.

Société Générale technical analysis from a multi-year dimension down to the daily chart
Having broken below the flag formation, EUR/USD retested last March lows and it /85, notes SocGen.

The unsolicited offer is for $17 per share, which would total around $657 million.