AUD News Reviews 

AUD Daily Review August 16, 2017

AUD Daily Review for August 16, 2017 AUD/USD Clings to Channel Support Ahead of Australia Employment Report Another 20.0K expansion in Australia Employment report may stoke a larger recovery in AUD/USD as it puts pressure on the RBA to lift the cash   AUD/USD Bull-Flag Breakout in the Works Aussie has responded to technical support and now look to validate a break of a bullish flag formation. Here are the updated targets & invalidation   USD/JPY and AUD/USD Forecast August 17, 2017 The US dollar initially tried to rally during…

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Markets News 

Nokia 8 hopes to beat Apple and Samsung with ‘bothie’, a new version of the selfie

“Microsoft discontinued the Nokia brand for mobile phones in November 2014” writes Samuel Gibbs for theguardian.com. Nokia launched the world’s first smartphone in 1996 – the Nokia 9000 Communicator – and a series of popular smartphones using its Symbian operating system followed in the early 2000s.By 1998, Nokia had overtaken mobile phone pioneer Motorola to become the bestselling global mobile phone brand, manufacturing its 100-millionth phone by December that year, with revenues of $20bn (then £13bn) and 55,000 staff by the year 2000. Source: theguardian.com Share This:

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Heads-up News 

Sydney Trading Session Heads Up Wednesday, August 16, 2017

Sydney opening news digest Stunning rebuke for the CEO president The collapse of President Trump’s business councils this week signifies a stunning and unprecedented rebuke to a president who prides himself on being business friendly.   Day 1 of NAFTA talks: ‘This agreement has failed’ Leaders from the U.S., Mexico and Canada officially begin renegotiating NAFTA on Wednesday.   Racial justice group to Pepsi CEO: Dump Trump now Indra Nooyi, the CEO of Pepsi and one of the most powerful women and minorities in business, is being aggressively pressured by…

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News Stocks 

Cisco’s revenue decreased in its fiscal Q4, but it edged past Wall Street’s target

“Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates” writes Becky Peterson for businessinsider.com.au. Even so, Cisco’s stock declined nearly 2% in after hours trading on Wednesday. Get the latest Cisco stock price here. Source: businessinsider.com.au Share This:

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Markets News 

This market rally is on ‘borrowed time’: Strategist

“The strategist believes that two key factors could eventually turn the market rally on its head” writes unknown author for cnbc.com. Furthermore, while global economic growth has been in a tailwind, if that were to reverse, then Stone would be “more concerned.”. According to the global chief investment strategist at PNC Asset Management, the market as of Tuesday had spent 281 trading days without a 5 percent pullback and 375 trading days without a 10 percent correction.However, Stone stresses that in the meantime, U.S. economic growth looks strong and the…

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Crypto News 

Cash is dead and drones deliver groceries: This is the future, according to Blockchain CEO

“One day in the not-so-distant future, going to the grocery store to buy food will be as novel as going to the record store to buy vinyl albums” writes -peter Smith for cnbc.com. According to Blockchain co-founder and CEO Peter Smith, major changes in the way we live and work with technology could happen in the next 20 years. Source: cnbc.com Share This:

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News Stocks 

SunTrust predicts Snap will plunge more than 20% on Facebook competition

“SunTrust Robinson Humphrey on Tuesday initiated coverage of Snap shares with a sell rating, citing the competitive threat of its larger rivals copying its innovations” writes Brendan Mcdermid for cnbc.com. Nearly 70 percent of Wall Street does not have buy ratings on Snap shares, according to FactSet.Snap shares have tumbled since its March initial public offering.Despite the call, Snap shares rose 1.7 percent in early trading Wednesday.One Wall Street firm believes there will be no turnaround for the social media company’s stock anytime soon. Source: cnbc.com Share This:

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News Oil 

The energy sector has tumbled 16 percent this year — is it time to buy?

“The energy sector was the only negative sector in the session (and one of two negative for the year, along with telecommunications)” writes Richard Bord for cnbc.com. More pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower.Between now and Halloween, he said, oil demand in the U.S. will likely decline by between 800,000 and 1.3 million barrels per day.”Certainly, the fundamentals are pointing toward lower oil prices.Some individual energy names still have decent dividend yields, Gilbert said, and have…

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News Oil 

Russian ex-minister accuses Putin lieutenant of framing him

“The case is politically charged because Sechin represents a powerful faction in the Kremlin who favour greater state control over the economy” writes Andrey Rudakov for cnbc.com. A spokesman for Rosneft, the state oil company headed by Sechin, said on Wednesday there was exhaustive evidence to show that Ulyukayev had taken a bribe.The accusation against Igor Sechin, head of Russia’s biggest oil company, thrust into the open simmering tensions between rival Kremlin clans – a spectacle rarely seen in public in the 17 years since Putin first became president. Source: cnbc.com…

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