Heads-up News 

New York Trading Session Heads Up Friday, October 20, 2017

New York opening news digest Premarket: GE in the spotlight; Japan election; May in Brussels Here’s what you need to know about the markets before you start your business day.   SoftBank’s Masayoshi Son wants to invest $880 billion in tech Japanese billionaire Masayoshi Son says his Saudi-backed $100 billion Vision Fund just isn’t enough.   Japan election: Shinzo Abe’s economy faces huge challenges Shinzo Abe is betting Japan’s economy is in good enough shape to help him win a national election. But he’s struggled to tackle its biggest problems….

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London Trading Session Heads Up Friday, October 20, 2017

London opening news digest U.S. stock futures move higher as Senate passes budget proposal U.S. stock futures rose early Friday after the Senate adopted a budget for the next fiscal year, a move that is seen as paving the way for tax reform.   Cheer Up Adage: INCA – (if a long position is open) some creep that puts up a 50,000 share offer right when you open a long positon; (if a short position is open) the same guy, opening a long position. Cartoon: Image courtesy: 0.media.collegehumor.cvcdn.com Have a…

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Frankfurt Trading Session Heads Up Friday, October 20, 2017

Frankfurt opening news digest Quest: Trump is too obsessed with Wall Street   India And China Are Beating Japan China and India are beating Japan in two key competitiveness indicators — the ability to attract and retain talent.   USD/JPY: Limited Impact From Snap Election If Abe Maintains Majority: Where To Target? – Danske Danske FX Strategy Research argues that the upcoming general election in Japan on 22 October should not have a significant impact on USD/JPY if Shinzo Abe maintains his majority in the Diet following the election, as this is…

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Tokyo Trading Session Heads Up Thursday, October 19, 2017

Tokyo opening news digest MongoDB soars 33% on its first day of trading — the CEO explains how they plan to beat Oracle and Amazon MongoDB priced its IPO at $24 a share. The shares closed at $32.07 after the first day of trading, over 30% higher than the IPO price.   Traders are betting that red-hot bank stocks will surge even more Investors are bullish on bank stocks after a red-hot earnings season, including Fidelity fund manager Matthew Fruhan, who’s been bullish for years.   Watch billionaire Jack Ma…

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Sydney Trading Session Heads Up Thursday, October 19, 2017

Sydney opening news digest United shares sink 12% after CEO admits airline is in a ‘competitive hole’ United Airlines is still riding the struggle bus. During an earnings call Thursday morning, CEO Oscar Munoz and other   Meet the bears predicting stock market doom The bulls may be in charge of the stock market, but these market skeptics see trouble brewing just beneath the all-time highs.   No ‘Flash’ in the pan: Adobe at all-time high Adobe was famously panned by the late Steve Jobs, who wasn’t a fan of…

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New York Trading Session Heads Up Thursday, October 19, 2017

New York opening news digest Premarket: Chaos in Spain; EU summit; China GDP Here’s what you need to know about the markets before you start your business day.   Japanese PM Risks The Wrath Of China To Win Conservative Votes Japanese Prime Minister Shinzo Abe is touting a liberal economic agenda and a cautiously tough stance toward China as his party campaigns ahead of snap elections.   How A Family Wealth Advisor Can Add The Most Value – Part 2: Tax Planning Through relatively simple, yet thorough, planning initiatives, an…

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London Trading Session Heads Up Thursday, October 19, 2017

London opening news digest Asian Stocks Mixed As China GDP Hits Forecasts,NZ Gets New Govt It was an eventful session for Asian markets with plenty of economic and political news for investors to get stuck into. However stock moves were   NZ Dollar Slips As Coalition Wrangling Ends With Labour Victory The New Zealand Dollar fell on news that the kingmaking New Zealand First would form coalition with the Labour Party, putting former incumbent National in   Dollar steady as yields rise, euro lifted by calls for less bond purchases…

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Frankfurt Trading Session Heads Up Thursday, October 19, 2017

Frankfurt opening news digest Preview: UK: Retail Sales   EUR/CHF: SNB More Than Happy To Let EUR/CHF Edges Towards 1.20 – Danske Danake Bank FX Strategy Research discusses its outlook for EUR/CHF noticing that while the ECB has entered ‘normalisation’ mode, the SNB has been keen to stay out of ‘exit’ discussions and used every opportunity to stress that it is in no hurry to quit negative rates and that intervention remains a policy tool.”Indeed,   NZD/USD: Repeated Topside Failures: Levels & Targets – NAB NAB FX Technical Strategy Research…

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Tokyo Trading Session Heads Up Wednesday, October 18, 2017

Tokyo opening news digest Beleaguered Blue Apron Laying Off 6% Of Its Workforce After stumbling out the gate and whiffing on its first earnings report as a public company, Blue Apron is attempting to course-correct: the beleaguered meal-kit delivery company disclosed Wednesday that it is laying off 6% of its workforce.   EUR/USD, AUD/USD, USD/JPY: Risk / Reward & Target – BofAML Bank of America Merrill Lynch FX Technical Strategy Research notes that its tactical bullish USD view has been supported as of late as several bullish USD signals continue…

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Sydney Trading Session Heads Up Wednesday, October 18, 2017

Sydney opening news digest Mnuchin to Congress: Cut taxes or market will dive Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails on taxes.   IBM gets a boost from low taxes and cloud computing IBM shares surged on solid earnings and boosted the Dow in the process. IBM already pays an extremely low tax rate and may benefit further from Trump tax reform. IBM also forecast sales growth for the first time in more…

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