Trading Roundup: GDPR is at the Forefront of the Markets – and Google Wins
Source: Pexels
General Data Protection Regulation (GDPR) is a privacy and data protection law implemented by the European Union. Its purpose is to protect the data privacy of all European citizens and to improve the way pan-European organisations approach data privacy. The new regulation came into force on 25 May 2018, hence an increased – bordering on annoying – amount of GDPR-related emails in your inbox.
Truth is, the new regulation has a direct impact on marketing practices. GDPR is drawing advertising money toward Google's online-ad services and away from competitors, which explains the fact why Google's been among the top market movers this week.
Here's how it works. Alphabet Inc., Google, is obtaining consent for targeted advertising at greatly higher rates than other online-ad services, meaning the new law is for now reinforcing the strength of the biggest online-ad players, i.e., Google and Facebook. At the same time, there are plenty of other companies in the industry – from ad buyers to websites that live off displaying ads – that are doing their utmost to be compliant with the GDPR, continuing to target individuals based on personal data, i.e., web-browsing history, purchases, etc.
Looking to invest in consistent stocks? Have a look at a brief overview of Google share CFD price!
Overview of Google Share CFD Price
Source: #GOOG, Admiral Markets, MT5 add-on, H8 time frame, May 2018
The #GOOG has formed an ascending trendline that indicates a strong uptrend. The price is above M L3 and Q L4 (Monthly and Quarterly pivot) as well as adds new confluence to the existing uptrend. All significant dips have been bought so far, and we might expect a bullish continuation. The POC zone 1047-37-1065.38 could be a bouncing spot for the #GOOG share price targeting 1125.17, 1160.18, and 1215.05. Only a drop below 990.30 might initiate a deeper correction towards 912.55.
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This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
