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Sydney Trading Session Heads Up Sunday, April 22, 2018

Sydney opening news digest Surging oil prices rattle President Trump Trump’s Twitter attack on OPEC shows how the oil market has caught him in an awkward spot between pro-business instincts and populist tendencies.   Apple sinks on fears of slowing iPhone sales Shares of Apple fell more than 3% Friday and are down for the whole week too. Worries of soft demand for iPhones –particularly the iPhone X — hit chip stocks hard too. But Amazon, Netflix and other big techs are still up for the week.   Porsche exec…

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New York Trading Session Heads Up Friday, April 20, 2018

New York opening news digest Has GE finally turned a corner? General Electric is finally giving demoralized shareholders and employees a reason for hope.   GE earnings; Wells Fargo fine; Pound pummeled Here’s what you need to know about the markets before you start your business day.   Barclays CEO fined in UK over whistleblower scandal Barclays said on Friday that two UK regulators, the FCA and the PRA, had asked CEO Jes Staley to pay a fine.   Allergan kills talk of mega takeover bid for Shire Drug-making giant…

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Frankfurt Trading Session Heads Up Friday, April 20, 2018

Frankfurt opening news digest Gold Price Drop May Continue, OPEC Mulls Extending Output Cuts Gold prices may fall further as Fed rate hike speculation continues to heat up. Crude oil prices await the fate of coordinated output cuts after   The CEO of a $67 billion bank is watching these 4 industry drivers to avoid ending up like ‘Blockbuster or Kodak’ Lloyds CEO Antonio Horta Osorio gave a keynote speech entitled “The Bank of the Future” at a conference in London on Thursday.   Cheer Up Adage: Trends have counter…

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Frankfurt Trading Session Heads Up Friday, April 20, 2018

Frankfurt opening news digest Qualcomm is laying off more than 1,500 people The job cuts in California by Qualcomm are part of layoffs it’s carrying out around the world.   Top Chinese tech firm fires back over US ban: ‘We cannot accept it’ ZTE has lashed out the US government’s move to prevent it from buying technology from American companies.   A Consistent Risk-Reward Reading to Support Your Trading There are many different measures of sentiment that traders either purposefully monitor or scan without appreciating the fact that they are…

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Tokyo Trading Session Heads Up Thursday, April 19, 2018

Tokyo opening news digest Wells Fargo will be fined $1 billion US regulators are close to slapping Wells Fargo with a $1 billion fine for forcing customers into car insurance and charging mortgage borrowers unfair fees.   Mattel CEO leaves after just over a year on the job Trouble in toyland. Mattel CEO Margo Georgiadis, who left Google in early 2017 to take over the maker of Barbie and Hot Wheels, is leaving for another job in the tech industry. Does this mean a Hasbro deal could be back on…

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Sydney Trading Session Heads Up Thursday, April 19, 2018

Sydney opening news digest Oops! Deutsche Bank accidentally sent a $35 billion payment Deutsche Bank blamed an “operational error” for a $35 billion blunder that it quickly corrected.   The next mega merger could be a $60 billion drug deal Shares in drug company Shire surged in London as Japan’s Takeda and Allergan consider bidding.   Crypto company’s stock plunges on SEC probe Riot Blockchain, a company that only recently was known as Bioptix and made hormones for farm animals, said the SEC is investigating it. Riot Blockchain is the…

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New York Trading Session Heads Up Thursday, April 19, 2018

New York opening news digest P&G vitamin deal; Amazon’s Prime number; Qualcomm’s Chinese hurdle Here’s what you need to know about the markets before you start your business day.   Australia’s top bank says it charged dead clients for advice One Commonwealth Bank adviser charged customer for financial advice for more than a decade after they died.   EURUSD Weakness Likely to Continue EURUSD remains under downside pressure as US short-term interest rates continue to push higher.   Ethereum (ETH) Chart Nears Potential Upside Breakout Ethereum (ETH) has rallied nearly…

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Frankfurt Trading Session Heads Up Thursday, April 19, 2018

Frankfurt opening news digest Asian Markets Brush off HKMA Peg Defend, Stocks Turn to Fed Speak Asian stocks largely ignored aggressive actions from the HKMA which sought to defend their currency peg. Stocks now turn their attention to more Fed speak   Aussie, NZ Dollars Rise as China Stocks Endorse HMKA Intervention The Australian and New Zealand Dollars rose with Chinese stocks as markets offered the seal of approval to HKMA efforts at defending the USD/HKD currency   Cheer Up Adage: Buying a weak stock is like betting on a…

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Frankfurt Trading Session Heads Up Thursday, April 19, 2018

Frankfurt opening news digest Crude Oil Prices Eye OPEC Meeting After Soaring to 3-Year High Crude oil prices are eyeing an OPEC meeting that may pave the way to output curb extension after prices soared to the highest level in   Fundamentals and Positioning Show Extreme EUR/USD Pressure Behind Range Three months of range from EUR/USD has encouraged many FX traders to look elsewhere for opportunity, the consolidation the pair has put in for falls   Australian Dollar Could Still Rise Despite Drop on Jobs Report Even though the Australian…

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Tokyo Trading Session Heads Up Wednesday, April 18, 2018

Tokyo opening news digest Fed official worried about recession indicator St. Louis Federal Reserve President James Bullard is concerned about the yield curve.   Netflix At $400? Is there a case for Netflix shares to trade at $400 at present?   ‘Patience is wearing thin’: Here’s why analysts say Wall Street continues the IBM sell-off BI Prime: IBM grew in the first quarter, but it might not be enough to satisfy “impatient” investors.   Marissa Mayer blames short-sighted activist investors for causing Yahoo to lose out on tens of billions…

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