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Tokyo Trading Session Heads Up Wednesday, August 23, 2017

Tokyo opening news digest Guru Stock Fund Managers’ Most-Bought Stocks Of Q2: The Definitive List What did the most prominent investors in the world buy in the second quarter?   GBP: To Weaken Further On Subdued BoE Tightening Expectations; Where To Target? – BNPP BNP Paribas FX Strategy Research notes that GBP continues to weaken as expectations for Bank of England tightening continue to decline.”Pricing for the probability of a 25bp BoE rate hike this year has fallen to 20%. We expect BoE tightening expectations to remain subdued as growth is likely…

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Sydney Trading Session Heads Up Wednesday, August 23, 2017

Sydney opening news digest Harvard study: Exxon ‘misled the public’ on climate change for nearly 40 years For nearly 40 years ExxonMobil publicly raised doubt about the dangers of climate change even as scientists and execs inside the oil giant acknowledged the growing threat internally, according to a Harvard University study.   U.S. companies still hoarding cash overseas Investors are growing more hopeful that companies like Apple, Microsoft and Google owner Alphabet may soon be allowed to move cash they have in foreign countries back to America at a lower…

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New York Trading Session Heads Up Wednesday, August 23, 2017

New York opening news digest Premarket: 5 things to know before the bell Here’s what you need to know about the markets before you start your business day.   Best Buy no longer eclipsed by Amazon The electronics and appliance retailer is proving that it can go head to head with Amazon. Best Buy’s stock has soared this year thanks to strong sales of video games in its stores and healthy online sales as well.   Trump: We’ll probably end up killing NAFTA ‘at some point’ The United States has…

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London Trading Session Heads Up Wednesday, August 23, 2017

London opening news digest Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): In a 1.1730/1.1885 range.The rapid swing lower after the sharp rise on Monday (that hit a high of 1.1828) came as a surprise. For now, we continue to view the price action as part of a 1.1730/1.1885 consolidation range. However, a clear break below 1.1730 would suggest that the short-term pressure has shi   Asian Stocks Mixed, US Dollar Recovers From Trump Comments Asian stocks were mixed in a subdued…

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Frankfurt Trading Session Heads Up Wednesday, August 23, 2017

Frankfurt opening news digest This CEO Has Built The Largest University Research Network For IP Investments I spoke with Tekcapital Founder and CEO Clifford Gross about the vision behind his company, the evolving intellectual property market, and his plans for further growing his global network to fund innovation.   Alibaba Beats Amazon Chinese online and mobile commerce company Alibaba Group beats US on-line retailer Amazon in the last twelve months, on Wall Street. Alibaba shares have gained 75.18 percent in the past twelve months compared to 26.20 percent of Amazon….

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Tokyo Trading Session Heads Up Tuesday, August 22, 2017

Tokyo opening news digest EUR/USD: ECB To Avoid Overshoot; 1.1475-1.1625 To Contain S/T Weakness Before 1.20 Breach – NAB NAB FX Strategy Research argues that while the ECB cannot set policy based on USD weakness or fear the greenback will fall further, it can however be consistent and timely in its policy settings.”A 10% rise in the tradeweighted EUR is consistent with 0.4%-0.5% off HICP over a 2-3 year timeframe. We thus expect the ECB to press on with a S   US Dollar, Stocks Rebound On Cooling Tensions Ahead of…

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Sydney Trading Session Heads Up Tuesday, August 22, 2017

Sydney opening news digest Trump rejects cry for help from coal execs The Trump administration has rejected a frantic cry for help from coal execs requesting an emergency order that would protect coal-fired power plants from being closed.   Bank stock crashes 75% after CEO resigns, dividend cut British subprime bank Provident Financial announced its CEO resigned after a plan to reorganize its business went awry and the U.K. bank regulator launched an investigation into the business.   Chipotle still struggling — and queso may not save it Shares of…

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New York Trading Session Heads Up Tuesday, August 22, 2017

New York opening news digest EUR/USD Nudges Lower As Euro-Zone Economic Sentiment Falls The latest ZEW survey showed headline economic sentiment in Germany and the Euro-Zone falling from last month and missing expectations.   Bitcoin: Is The Short-Term High Now in Place? After making yet another all-time high, Bitcoin (BTC) has given back over $700 in the last few days, as profit-taking takes hold.   Euro May Shrug Off ZEW Data as Yen Falls on Stocks Recovery The Euro may shrug off the ZEW data on investor confidence as all…

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London Trading Session Heads Up Tuesday, August 22, 2017

London opening news digest Asia Stocks Steadier, US Dollar Gains As Jackson Hole Nears Asian stocks responded well to the rare sight of a stronger US Dollar. However the Nikkei couldn’t quite join its regional peers in the green   Crude Oil Prices Look to API Inventory Data for Direction Crude oil prices are looking to the weekly set of API inventory flow figures for direction cues after two days of seesaw volatility left them   Provident warns on profit again; CEO to leave Provident Financial PLC PFG, -56.56% has…

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Frankfurt Trading Session Heads Up Tuesday, August 22, 2017

Frankfurt opening news digest NASDAQ Looks Like During The End Of The Dotcom Bubble Tech heavy NASDAQ is beginning to look like the last days of the dotcom bubble back in the early 2000s. Popular stocks are failing to make new highs, selling is in the news, and the “buying in the dips” mentality is beginning to fade away.   USD/JPY: Key Support Likely To Hold Absent An Equity Correction; Levels To Watch – NAB NAB FX Strategy Research notes that the deterioration in the broad market landscape suggests USD/JPY…

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