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Frankfurt Trading Session Heads Up Monday, October 16, 2017

Frankfurt opening news digest Could Oil Bring The World To Finally Support The Kurds? Iraqi and Iranian forces engaged Kurdish forces in an apparent attempt to gain control of oil fields. This could shift regional alliances and alter global oil markets.   China Could Take Bitcoin Prices Below $5000 This Week, Again Bitcoin prices could head below $5000 again, if the conservative side of the CPC gets the upper hand of the party convention this week.   Tiny Dunkin Donuts Beats Mighty Starbucks Starbucks has approached the limits of its…

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Tokyo Trading Session Heads Up Sunday, October 15, 2017

Tokyo opening news digest Cryptocurrencies are ‘in the 3rd inning’ — and Wall Street is just getting started The rapid rise of cryptocurrencies such as bitcoin, the red-hot cryptocurrency up more than 400% this year, has Wall Street abuzz.   One ad executive estimates that the entire state of Michigan could have been swayed in the 2016 election for $42,800 It could have cost as little $42,800 to swing Michigan in favor of Donald Trump in the 2016 presidential election, one expert says.   Cheer Up Adage: Then again, bears…

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Sydney Trading Session Heads Up Sunday, October 15, 2017

Sydney opening news digest GE and Procter & Gamble: American mainstays rocked by drama The boardrooms of General Electric and Procter & Gamble, two titans of corporate America, have been consumed by drama lately. Stay tuned for more this week.   GE and Procter & Gamble: American mainstays rocked by drama The boardrooms of General Electric and Procter & Gamble, two titans of corporate America, have been consumed by drama lately. Stay tuned for more this week.   Wells Fargo’s legal headaches are hurting its profits Wells Fargo’s pre-crisis subprime…

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New York Trading Session Heads Up Friday, October 13, 2017

New York opening news digest Premarket: 6 things to know before the bell Here’s what you need to know about the markets before you start your business day.   S&P 500 Technical Analysis: Bullish, but Cautiously So Stocks in aggregate are hanging out in record territory and another thrust looks probable, but risk of a pullback continues to elevate.   Bitcoin Fails to Break $6,000; Consolidation Before Fresh Attempt Bitcoin failed to break above $6,000 on its first attempt as Asian buyers sent the digital heavyweight into new all-time high…

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London Trading Session Heads Up Friday, October 13, 2017

London opening news digest Asian Stocks Head Up Again, US Inflation Data Come Into Focus Asia Pacific markets generally held on to the week’s feelgood factor despite the lack of a new Wall St. record close to lead them as   US Dollar Looks to Inflation Data to Revive Its Fortunes The US Dollar may rise as September’s CPI figures put headline inflation at a six-month high, offering fresh fuel to recently stagnant Fed interest rate   China Exports Rise Less Than Expected In September China’s exports grew at a…

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Frankfurt Trading Session Heads Up Friday, October 13, 2017

Frankfurt opening news digest Preview: US: Retail Sales   Preview: US: Consumer Price Index   AUD/NZD: Bullish Setup Intact As L/Term Base Building Process Remains Dominant – NAB NAB FX Technical Strategy Research maintains its bullish AUD/NZD bias following the comprehensive confirmation of a renewed MT/LT uptrend bias which has been produced in August.”The month-end close above 1.0790 (50-month MA) was complimented by the completion of the first higher low/higher high sequence since the 2011 high.   EUR/USD, USD/JPY, GBP/USD: Assessing Latest Flows Signals? – BofAML Bank of America Merrill Lynch FX Strategy Research…

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Tokyo Trading Session Heads Up Thursday, October 12, 2017

Tokyo opening news digest Roche’s Blockbuster Oncology Drugs Losing Steam As They Approach Patent Expiry Roche Holdings’ oncology business accounts for over 50% of the company valuation, according to our estimates. The company’s blockbuster oncology drugs are Avastin, Herceptin and MabThera/Rituxan. These three drugs alone accounted for roughly 40% of the company’s overall revenues in 2016   USD/CAD: Fading The Rallies Into BoC Meeting In 2 Weeks – TD TD FX Strategy Research recommends fading USD/CAD rallies ahead of the BoC meeting in two weeks. “The technical picture has also improved with the…

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Sydney Trading Session Heads Up Thursday, October 12, 2017

Sydney opening news digest Oil giant Shell buys electric car charging company Royal Dutch Shell revealed a deal on Thursday to acquire NewMotion, one of Europe’s largest electric vehicle charging providers.   JPMorgan earns $6.7 billion profit thanks to Main Street JPMorgan Chase, the nation’s largest bank by deposits, reported a solid increase in earnings thanks to strong demand for credit cards, auto loans and mortgages. Consumer lending picked up the slack for weak trading revenues.   London luxury property is still glitzy for Middle East investors The weak pound…

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New York Trading Session Heads Up Thursday, October 12, 2017

New York opening news digest Premarket: Big banks; NAFTA; IMF talks Here’s what you need to know about the markets before you start your business day.   Bullet trains were built with substandard Kobe Steel parts Two Japanese railway companies confirm that they found substandard steel in some bullet trains.   Becoming a Better Trader: Q&A Session for Performance Enhancement We discussed various topics including trading psychology, risk management, trade execution, as well as others…   NZD/USD Technical Analysis: NZ Dollar Ready to Turn Higher Again? The New Zealand Dollar…

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London Trading Session Heads Up Thursday, October 12, 2017

London opening news digest Asian Markets Mostly Up As Investors Mull Latest Fed Minutes Asian stocks gained as investors wondered how much further US monetary policy might be tightened beyond the expected December interest-rate hike   British Pound May Rise as BOE Credit Survey Boosts Rate Hike Bets The British Pound may rise as quarterly BOE surveys on UK credit conditions and bank liabilities point to easing funding conditions, opening the door for   Hungary Aug Industrial Production Growth Unrevised Hungary’s industrial production growth accelerated markedly as initially estimated in…

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