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Sydney Trading Session Heads Up Monday, August 14, 2017

Sydney opening news digest Wall Street stages biggest rally in nearly 4 months U.S. stocks climbed sharply on Monday as Wall Street’s fears about the North Korea nuclear crisis faded.   From racism to climate change, CEOs keep turning on Trump Kenneth Frazier joined the growing list of CEOs who feel compelled by President Trump’s words and policies to speak out against him.   Wall Street cheers after Argentina’s populist ex-president loses vote Argentina’s currency and stock market rallied Monday after former President Cristina Fernadez de Kirchner narrowly lost a…

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New York Trading Session Heads Up Monday, August 14, 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.   Coal company yanks IPO, blaming ‘market conditions’ Just a few weeks ago, Contura Energy was crediting President Trump for creating a brighter future in the coal industry. Now, the coal miner has ditched its plan to go public due to “market conditions.”   Market Dip? Time To Buy Stocks The market dip triggered by the Korean problem is a buying opportunity….

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London Trading Session Heads Up Monday, August 14, 2017

London opening news digest Asian Markets Gain As Risk Appetite Returns, Will It Hold Up? Most Asian stocks markets were green Monday with the somewhat ironic exception of Japan. There the Nikkei 225 slipped despite a gleaming set of official   Nikkei shrugs stronger GDP reading, USD consolidates after last week’s weekly loss Data as the week’s trading kicks off, included Japanese GDP and the preliminary figure for Q2 showed an impressive 4% compared to previous of 1.5% and expected of 2.5%. China as well reported a number of data,…

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Frankfurt Trading Session Heads Up Monday, August 14, 2017

Frankfurt 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): EUR to remain underpinned as long as above 1.1750.As indicated last Friday (11 Aug), a move back above 1.1830 would indicate that the mild downward pressure has eased. However, the pace and extent of the rebound have been more robust than expected (high of 1.1846 last Friday) and from here, EUR is expecte   JPY: JPY-Crosses Vulnerable To Further Risk-Driven Reversal Than USD/JPY – Barclays Barclays Capital FX Strategy Research…

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Tokyo Trading Session Heads Up Sunday, August 13, 2017

Tokyo opening news digest Negative Divergences Spread Around The World As Correction Looms Here are investment strategies for nine global indexes.   Week Ahead: Focus On Minutes Of RBA, ECB, FOMC & UK Data Releases Credit Agricole CIB FX Strategy Research notes that central banks minutes and data releases will likely provide welcome distractions from geopolitics in the coming week and could allow sentiment to stabilize.”The FOMC Minutes could provide greater detail of balance-sheet discussions and more USD volatility.The ECB’s July meetin   The Game is promoting the initial coin offering of…

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Sydney Trading Session Heads Up Sunday, August 13, 2017

Sydney opening news digest Wall Street bank bans some Venezuelan bonds Credit Suisse is banning its bond traders from buying Venezuelan bonds, citing the country’s ongoing political crisis.   Signs of fear creep back on Wall Street The doom-and-gloom crowd on Wall Street is making a bit of a comeback. After months of relentless rallies, the U.S. stock market finally showed some cracks and fear trades like gold, bonds and defense contractors got lots of love.   JCPenney nosedives to all-time low on big loss More signs of the retail…

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New York Trading Session Heads Up Friday, August 11, 2017

New York opening news digest Premarket: Trump on North Korea; Google scandal; Trouble at Snap Here’s what you need to know about the markets before you start your business day.   China targets social media giants over ‘rumors’ and ‘porn’ Some of China’s biggest tech companies are in trouble with the country’s powerful internet regulator over activity on their social media platforms.   Is the tech bull run over? Nasdaq shellacked North Korea nuclear headlines are being blamed for the broader slump. But Apple, Facebook, Netflix and other big tech…

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Frankfurt Trading Session Heads Up Friday, August 11, 2017

Frankfurt 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): Immediate bias is for a probe lower towards 1.1680.EUR rebounded strongly after touching a low of 1.1702 yesterday. Downward pressure has eased somewhat with the strong daily closing but it is too early to expect stabilization. As indicated yesterday, only a move back above 1.1830 would indicate that   USD: Will US CPI Lend Some Support To The USD On Friday? – Credit Agricole As the focus of USD traders will…

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Tokyo Trading Session Heads Up Thursday, August 10, 2017

Tokyo opening news digest Lampix’s Augmented Reality ‘Crypto’ Crowdfund Scores $4.5M, Targets $60M US-based Lampix, which transforms any flat surface into a smart surface using machine learning and computer vision with Bloomberg among its clients, has so far raised $4.5m in a crowdfund towards a $60m goal to build the first blockchain-based ‘image mining’ network for augmented reality.   BlackRock On American Political Landscape: ‘Don’t Panic…Yet’ In spite of Trump, there is less stress in the markets today than there was when Trump was elected. So it’s better…right?   Key…

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