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Tokyo Trading Session Heads Up Sunday, November 18, 2018

Tokyo opening news digest Swiss monetary policy “appropriate” – SNB’s Maechler According to the Swiss National Bank’s (SNB)  Governing Board member Andrea Maechler, the SNB’s current monetary policy stance with negative rates and   AUD/USD slips on rising trade tensions, struggling at 0.7300 The AUD/USD finds itself at the bottom end of a small but significant bearish gap, keeping the major pair hobbled at the 0.7300 handle. This week see   Over the weekend: Trade tensions back on the rise, Brexit set for another lap Over the weekend, risk-of headlines…

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Sydney Trading Session Heads Up Sunday, November 18, 2018

Sydney opening news digest In Praise Of Foreign Markets Recent returns for Americans holding foreign market investments have been underwhelming. But, it’s still a great idea to maintain a meaningful allocation to foreign markets.   The Week Ahead: How Much Lower Can Tech Go Now? The stock market continued to punish the tech darlings last week as it took a $23 billion drop for analysts to lower price targets for chip maker NVIDIA. So how oversold are the tech stocks and how much lower can they go right now?  …

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New York Trading Session Heads Up Friday, November 16, 2018

New York opening news digest Cannabis Goes Global While The U.S. Falls Behind A dozen or more countries have started on the path to full legalization of the plant.   Tencent’s Profit Surge Will Be Short-Lived If Game Approvals Remain Blocked China’s Tencent reported better-than-expected results in the September quarter, but the company would do well not to celebrate.   How Does a Leadership Challenge to a UK Prime Minister Work? How Does a Leadership Challenge to a UK Prime Minister Work?   Which Countries Want to Leave the EU…

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London Trading Session Heads Up Friday, November 16, 2018

London opening news digest The Brutal Reality Of Brexit Theresa May’s Brexit deal is the worst of all worlds. But the only realistic alternatives are no-deal Brexit, or no Brexit. British politicians must stop playing political games and face up to their responsibilities.   Asian Stocks Edge Up On Trade Hopes, Brexit Worries Keep Lid On Asia Pacific stocks traded very cautiously into the week’s end. Hope that the US and China can reach some sort of trade accord helped, but   Former UK Brexit Sec. Davis: The Parliament will…

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Frankfurt Trading Session Heads Up Friday, November 16, 2018

Frankfurt opening news digest Banks Are More Profitable Than Ever But Risks Abound Moody’s Investors Services analysts have confirmed what I have been suspecting for a few weeks. U.S. banks’ Common Equity Tier 1 (CET1) has been decreasing. The fact that common equity and retained earnings is decreasing concerns me, because they are what help banks sustain unexpected losses.   Bitcoin, Ripple And Litecoin Sell-Off: Is It Different This Time Around? Bitcoin, Ripple, Litecoin and other cryptocurrencies sell off: There are a couple of things different this time around.  …

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Tokyo Trading Session Heads Up Thursday, November 15, 2018

Tokyo opening news digest What’s Volkswagen’s Fundamental Value Based On 2018 Expected Results? Volkswagen AG ADR (OTCMKTS: VWAGY) released its third quarter results and conducted a road show with Bernstein in London on November 6th, 2018. The company has increased the delivery to customers by 4.2% y-o-y in the first nine months, despite the challenges faced by the WLTP (Worldwide Harmonized..   AUD/USD Continues to Eye September-High Despite Waning Retail Interest AUD/USD appears to be making another run at the September-high (0.7315) even as market participation appears to be waning…

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Sydney Trading Session Heads Up Thursday, November 15, 2018

Sydney opening news digest Here’s What Will Drive Intel’s Near Term Earnings Growth Intel (NASDAQ:INTC) is seeing strong growth in its Data Center business, and we expect it to drive the company’s near term earnings growth. The strong demand for high performance products, such as Xeon Scalable, has aided the segment growth in the recent past, and we expect this trend to continue…   Stock Market Slide: What’s The Big Picture? Although the downward slide in the stock market continues, Commonwealth CIO Brad McMillan says the fundamentals remain strong.  …

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New York Trading Session Heads Up Thursday, November 15, 2018

New York opening news digest Bitcoin, Ethereum, Ripple Prices Continue to Collapse The cryptocurrency market capitalization has dropped by around 12% (USD25 billion) in the last 24-hours with little fundamental news driving the sell-off.   EURUSD Selling Likely Amid Fed Balance Sheet Unwind EURUSD Selling Likely Amid Fed Balance Sheet Unwind   London’s FTSE 100 Index Loses Early Gains Despite GBP Plunge The FTSE 100 index of leading London-listed stocks is dropping back despite a Brexit-related tumble in GBP.   Brexit Latest: Sterling Slumps as Brexit Minister Resigns, PM Leadership…

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London Trading Session Heads Up Thursday, November 15, 2018

London opening news digest High Volatility as with S&P 500 and Pound Demands More Regimented Trading Volatility is like an aphrodisiac for traders as they treat they focus on amplitude and unconsciously assume improved probability   Nikkei 225 Declines After S&P 500 Fell. ASX 200 Eyes October Low The Nikkei 225 followed S&P 500 lower at open, follow through was lacking as Asia stocks were relatively quiet. Australian Dollar appreciated, hurting USD. ASX   Crude Oil Price Selloff May Resume on EIA Inventory Data Crude oil prices paused to digest…

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Frankfurt Trading Session Heads Up Thursday, November 15, 2018

Frankfurt opening news digest What Triggered Bitcoin’s Sharp Price Plunge? Bitcoin fell below $5,400. What caused this sharp drop?   Nikkei 225 Technical Analysis: Index Wilts Toward Key Chart Prop The Nikkei 225 remains below its most recent uptrend line after a break last week. The bulls are now up against it, with the year’s   Risk Starts to List Again in US Trade, Brexit Headlines Swing Pound Reports of agreement between the UK government and EU on a border deal set off a Sterling rally and series of rumors…

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