Elop: New Lumia device is anticipated to have hero status with a leading US carrier

In a call with Nokia investors following the company's Q1 earnings report, CEO Stephen Elop dropped a hint that a new "hero" Lumia device is soon going to launch with a major US carrier. Naturally, the Nokia Lumia 928 is what comes to mind, as the handset is expected to be offered by Verizon Wireless.

"Later this quarter a new Lumia device is anticipated to have hero status with a leading US carrier."

The Lumia 928 is expected to be a strong alternative to Nokia's current flagship, the 920, which is exclusively available from AT&T in the States. It is currently believed that the new handset will be equipped with a sizable 4.5" OLED screen and a dual-core Snapdragon processor clocked at 1.5 GHz, but all of that is yet to be confirmed.

In addition, Elop mentioned that the "hero" Lumia will mark the beginning of what's going to be a whole season of new product introductions. The company has been quite secretive lately, so we'll have to wait some more before we get any substantial information regarding its future endeavors.

via: TechRadar

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Guest Commentary: Spanish IBEX Leading EUR/USD Lower

By Eric Morera 28 March 2013 12:15 GMT
The Spanish IBEX has a very strong correlation with EURUSD and we always use this Index as a proxy to gauge the direction of the next move in EURUSD currency pair. IBEX formed a peak @ 8752 on 1.28.2013 and made a sharp 5 wave decline.

That was enough reason for us to get cautious on EURUSD and we knew a top was just around the corner. EURUSD formed a peak 4 days later on 2.1.2013 and has been trading lower since then. IBEX decline from secondary peak (8675) is incomplete and is in need of 2 more lows which means there should be more downside in EURUSD too toward 1.2600 and may be even 1.2500 region.

Shorter cycles in IBEX are calling for a corrective bounce before more downside which could result in a recovery in EURUSD toward 1.2900 before further weakness is seen.

28 March 2013 12:15 GMT

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