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New York Trading Session Heads Up Wednesday, May 23, 2018

New York opening news digest Dodd-Frank rollback; Zuckerberg upsets Europe; Emerging markets pain Here’s what you need to know about the markets before you start your business day.   UK Inflation Report: GBP Outlook Driven by CPI in Near-Term | Webinar UK Inflation Report: GBP Outlook Driven by CPI in Near-Term | Webinar   FTSE Chart Analysis – Decline from New High May Be Just Getting Started The footsie has had an exceptional run since bottoming in March, but we’re now looking for a correction and possibly worse to set…

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Frankfurt Trading Session Heads Up Wednesday, May 23, 2018

Frankfurt opening news digest Euro and Pound May Fall on Data, US Dollar Eyes FOMC Minutes The Euro and the British Pound may fall as Eurozone PMI and UK CPI data disappoint. A hawkish tone in FOMC minutes may send the   Asian Stocks Wilt On New Trade Worries, Fed Minutes Awaited Asian equity markets were broadly lower thanks to Donald Trump’s apparent dissatisfaction with progress in US/China trade negotiations   Meet the 35 most exciting young entrepreneurs, engineers, and advisors in UK fintech These are the 35 most promising…

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Frankfurt Trading Session Heads Up Wednesday, May 23, 2018

Frankfurt opening news digest Gold Prices May Breach Critical Support on FOMC Minutes Gold prices may breach support guiding them higher since December 2016 if minutes from the Fed’s May 2 policy meeting strike a hawkish tone.   Construction Work Miss Hurt AUD as Sentiment Fell, RBA Speech Due The Australian Dollar was dented further as local construction data missed expectations while sentiment deteriorated. A speech from RBA’s Governor Philip Lowe could hurt AUD   Japanese Yen Technical Analysis: USD/JPY Holds Above Key Support The Japanese Yen has shared fully…

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Tokyo Trading Session Heads Up Tuesday, May 22, 2018

Tokyo opening news digest How TJ Maxx Beats J.C. Penney TJ Maxx is beating J.C. Penney. On Wall Street that is. TJX Maxx’s stock has soared 69% over the last five years, while J.C. Penney’s has declined 85   Apple is having a tough time convincing fans to buy new iPhones — these charts help explain why BI PRIME: The number of iPhones Apple sells stopped growing about two years ago. These charts, from research firm GBH Insights, help explain why.   Stocks slide ahead of expected sweeping Dodd-Frank overhaul…

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Sydney Trading Session Heads Up Tuesday, May 22, 2018

Sydney opening news digest Is the economy about to slow down? Darius Dale is a senior macro analyst with investment research firm Hedgeye Risk Management.   American banks had their most profitable quarter ever ank profits soared by 28% during the first three months of 2018 to $56 billion, according to FDIC stats released just hours before the House considers a deregulation bill.   GE can’t get rid of its light bulb business General Electric and the light bulb have been inextricably linked for the past 126 years. Now, GE…

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New York Trading Session Heads Up Tuesday, May 22, 2018

New York opening news digest How to watch Zuckerberg testify at the European Parliament Mark Zuckerberg is set to be grilled by European lawmakers on Tuesday. Here is what you need to know.   How businesses are really spending their tax cuts President Trump’s tax law was hoped to drive a surge of spending by Corporate America on job-creating investments. However, the promised investment boom has not materialized — not yet anyway.   China cuts car tariffs; Zuckerberg in Brussels; Italy’s new candidate Here’s what you need to know about…

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Frankfurt Trading Session Heads Up Tuesday, May 22, 2018

Frankfurt opening news digest Pound Looks to BOE Testimony for Direction, US Dollar May Bounce The British Pound is looking to testimony from BOE officials including Governor Carney for direction. The US Dollar may bounce after yesterday’s selloff.   Asian Stocks Decline, ASX 200 May Fall More. GBP Awaits BOE Speak Most Asian stocks were down by Tuesday afternoon trade. The ASX 200 may be at risk of more declines while the British Pound awaits a   USD holds tight despite easing from 5-month highs; Asia subdued despite positive US…

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Frankfurt Trading Session Heads Up Tuesday, May 22, 2018

Frankfurt opening news digest ASX 200 Technical Analysis: Down But Not Out, ASX Can Hang On The ASX 200 is slipping back down toward the ever-crucial 6000 point but there’s not reason yet to suggest that a broader collapse is coming   Crude Oil Prices Hit 4-Year High But Chart Setup Warns of Topping Crude oil prices surged to a four-year high as markets celebrated a delay of the US/China trade war but chart positioning continues to warn of   A Consistent but Slow EURUSD Slide May Turn Into a…

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Tokyo Trading Session Heads Up Monday, May 21, 2018

Tokyo opening news digest FX Markets Look to EZ PMIs, UK CPI, FOMC Minutes A quiet calendar out of Asia and for the commodity currencies in general means the British Pound, Euro, and US Dollar will share the spotlight.   Elon Musk is comparing Tesla’s ‘mass market’ Model 3 to a $66,000 BMW (TSLA) | Markets Insider Tesla calls its Model 3 a ‘mass market’ car, but Elon Musk compared it to a $66,000 BMW. Model 3 base price is $35,000 and won’t be available for at least…   Electrocore…

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Sydney Trading Session Heads Up Monday, May 21, 2018

Sydney opening news digest Trouble in Big Food: America’s cereal, soda and soup companies are in turmoil Big Food is struggling to convince investors they have a plan to navigate change.   GE’s latest sale: Its 111-year-old rail business General Electric is giving up full control of its century-old rail division as the conglomerate’s empire continues to shrink.   Comcast just got one step closer to buying British broadcaster Sky Comcast is on the cusp of getting approval from the UK government to buy British broadcaster Sky.   Dow soars…

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