Heads-up News 

Frankfurt Trading Session Heads Up Thursday, January 11, 2018

Frankfurt opening news digest

Berkshire Hathaway prepares for life after Warren Buffett

The Oracle of Omaha’s conglomerate named two top Berkshire Hathaway executives to the company’s board. It is very likely that one of them will eventually take over as CEO from Warren Buffett.

 

India relaxes rules on foreign retailers such as Apple

Global retail brands will no longer need government approval to open their own stores in India, the government said Wednesday.

 

Everything’s near a record high. Is the market too hot?

The market is sizzling thanks to optimism about lower corporate taxes and higher earnings. And the rally is broadening out. But are investors getting too bullish and ignoring risks?

 

Berkshire Hathaway Names Abel And Jain As Vice Chairmen As Buffett Succession Plans Sharpen

Warren Buffett’s $500 billion investing conglomerate has sharpened its succession plans, offering vice chair roles and board seats to Greg Abel, head of Berkshire Hathaway Energy, and Ajit Jain, head of its insurance operations.

 

NASDAQ’s Growth In Equity Options Trading Volumes Should Propel Its Q4 Earnings

After a strong performance in the previous three quarters, NASDAQ sustained its growth trend in equity options trading volumes in Q4, with around 399 million contracts traded in the U.S. market, about 12% more than the prior year period and 10% ahead of the previous quarter.

 

Why Investor Concerns About Capital One’s Elevated Card Charge-Off Rates Are Justified

Charge-off rates for U.S. card lenders were notably elevated over 2017, as card loss figures began the process of normalization from the record lows they were at over 2014-15. While the trend has been evident across all major card lenders in the country, Capital One stands out in particular

 

How Sensitive Is Qualcomm To Changes In Its Semiconductor Market Share?

Qualcomm is likely to increasingly lean on its semiconductor operations, as it faces multiple challenges from its bread-and-butter technology licensing business, which has been embroiled in multiple legal battles with both regulators and key customers such as Apple.

 

Why Investors Are Flocking To Ether

Investors have been piling in to Ether lately, a trend that caused this digital currency’s price to reach an all-time high of more than $1,400 earlier

 

Trends That Likely Drove Samsung’s Record Fourth Quarter

Samsung Electronics published its earnings guidance for Q4 2017, projecting record profits for the fourth quarter, driven by growth at the company’s display and memory segments.

 

What To Make Of Target’s Strong Holiday Season, Increased Q4 Guidance

Target (NYSE: TGT) significantly raised its guidance for the fourth quarter and full year 2017, on the back of a very strong holiday season and the recent federal tax reform. The company reported a comparable sales growth of 3.4% for the two-month holiday period.

 

Buffett’s Kraft Heinz Slips To Near Lowest Price In A Year

With markets having a robust start to the year, one of Buffett’s most significant holdings has dawdled. Kraft Heinz, his second-largest position, was

 




Ripple Falls Below $1.75, Down 55% From High

Ripple’s XRP token extended its losses today, dropping to less than $1.75.

The digital currency fell to as little as $1.72, according to CoinMarketCa

 

Earnings Preview: What To Expect From Wells Fargo On Friday

Wells Fargo is expected to report $1.04/share on $22.28 billion in revenue. Meanwhile, the so-called Whisper number is $1.07. The Whisper number is the Street’s unofficial view on earnings.

 

Earnings Preview: What To Expect From Delta Air Lines On Thursday

Delta Air Lines is expected to report $0.89/share on $10.17 billion in revenue. Meanwhile, the so-called Whisper number is $0.95. The Whisper number is the Street’s unofficial view on earnings.

 

The Key To Investing Success: What It Is And Isn’t

Some fortunate stock investors got rich by betting on Facebook early. How can you spot the next big thing? Is it even possible?

 

GBP/USD: Sterling Remains Undervalued; Asymmetric Risks From Brexit News – BofAML

Bank of America Merrill Lynch FX Strategy Research discuss GBP outlook and thinks that going into early 2018, there are asymmetric risks from Brexit news for sterling.”In our view, the risks to GBP are asymmetric. We continue to believe that the bar to further GBP gains from Brexit news is larger than the downside risks to the pound from

 

EUR/USD: Keep Embracing A Strong EUR; Where To Target? – ING

ING FX Strategy Research discusses EUR/USD outlook and maintains its structurally bullish bias on the single currency through 2018.”The EUR has changed and we should embrace it. It is no longer priced as a tail risk currency. With the ECB policy normalisation at its start, there are a plenty of upsides.The next big thing will be the

 

AUD/USD, GBP/USD: Trading The ‘January Effect’ – Credit Agricole

Credit Agricole CIB FX Strategy Research notes an interesting price action in the FX market where some of the well-established FX trends from late 2017 have gone into reverse in early 2018.”This so-called ‘January effect’ seems to be magnified by crowded consensus trades – like long-EUR positioning – as well a

 

USD/JPY: Scope For Further JPY Strength Towards 110 After BoJ’s Move – BTMU

BTMU FX Strategy Research discusses USD/JPY outlook and notes that the JPY is the biggest mover in the G10 FX space today as the market continues to respond to the BoJ decision to cut longer-term JGB purchases.”After Governor Kuroda made efforts to reverse the speculation of a policy adjustment, which was starting to succeed, the cut

 

USD/CAD: Better Levels To Fade?; USD/JPY: Staying Short – TD

TD FX Strategy Research discusses USD/CAD outlook and notes that it is up about a cent since putting in fresh lows on Friday.”We think the backdrop should remain a bit soggy for CAD in the near-term, despite the move in oil.. Absent the looming NAFTA risks, this setup would likely support CAD into the BoC, but for now we look to hold stea

 

EUR/USD: Looking For USD To Stage A ‘Sizable’ Move Higher In The Near-Term – BofAML

Bank of America Merrill Lynch FX Strategy Research discusses the USD outlook and maintains its bullish bias on the greenback for the first half of the year.”In general, our USD forecasts look for a sizable move higher in the near-term, including our contrarian EUR-USD target of 1.10 at the end of Q1. But what those forecasts rep

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral (since 09 Jan 18, 1.1965): In a 1.1870/1.2050 range.We just turned neutral on EUR yesterday and there is no change to the view (see update here). As highlighted, improved shorter-term downward momentum suggests immediate downward pressure but we continue to view any weakness as part of a broader 1.1870/1.2050 consolidation range an

 

Euro May Fall as ECB Meeting Minutes Cool Bets on QE Cutback

The Euro may trade broadly lower as ECB monetary policy meeting minutes suggest the central bank is in no hurry to dial back QE asset

 




China Sinks the Dollar, Trump Hits CAD and BoJ the S&P 500

This past session, the S&P 500 posted its first day-over-day loss in seven sessions – so the first decline of 2018. This misstep was not

 

Nikkei 225 Technical Analysis: Upside Test Fails But Uptrend Holds

Nikkei bulls 225 have already had a lot. Can they hope for more as the index holds at 26-year peaks? Well, yes, at least in

 

Why ECB and BoJ’s Monetary Policies Matter for All Traders

I think few would disagree with the notion that global monetary policy has played a crucial role in stabilizing and lifting the global financial markets

 

Australian Dollar Rallies on Highest Retail Sales Growth in Years

The Australian Dollar continued benefiting from data outperforming analysts’ expectations as retail sales growth clocked in at its highest since February 2013.

 

Asia AM Digest: Franc Joins Yen On the Upside as Market Mood Sours

The Japanese Yen continued to mark higher, this time joined by the similarly anti-risk Swiss Franc, as a raft of worrying headlines undermined sentiment across

 

Tactically Bearish EUR/JPY on Pullback from 2-Year Highs

The Japanese Yen has jumped out of the gate to become the strongest of the G8 currencies to start 2018 and the bloated positioning in

 

EUR/USD Rate Outlook: Bullish RSI Formation Curbs Risk for Double-Top

Recent price action curbs the risk for a double-top in EUR/USD as the Relative Strength Index (RSI) extends the bullish formation carried over from late-2017.

 

Near-term Setups in GBP/USD, GBP/JPY and AUD/USD

Here’s an update on a few of the setups we’ve been tracking this week. Find a detailed, in-depth review of these setups and more in

 

GBP/JPY Technical Analysis: Stealth Taper Worries Bring 300-Pip Pull-Back

GBP/JPY set a fresh post-Brexit high on Monday of this week. Since then, its been a one-way showas bears continue to pummel the pair, driven

 

Crude Oil Price Forecast: 4% Rise To Start 2018 Seen Tempting Shale

WTI Crude Oil prices rallied further on Wednesday to the highest level in three years after data showed that the physical market is continuing to

 

Trader Sentiment Shows Mixed Trend for S&P 500

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

 

EUR/JPY Technical Analysis: Bears Push to Support, but Will Bulls Respond?

EUR/JPY spent much of the past eight months being supported and pushed higher by bulls; but already the New Year is showing a distinct chage-of-pace

 




GBP/USD Monthly Range-Break Appears Imminent

The British Pound looks vulnerable as price carves the January opening range just below the 2017 highs. Here are the updated targets & invalidation

 

EUR/JPY and GBP/AUD Positioned for Lower Prices

EUR/JPY and GBP/AUD are both positioned for lower prices in the near-term; depending on trading style each offers a different type of opportunity.

 

USD/JPY Rate Snaps 2018 Opening Range; November-Low on the Radar

USD/JPY may continue to give back the rebound from late last year as the pair snaps the opening range for 2018.

 

Why Impact on USD of Surge in Treasury Yields Might be Limited

Treasury note yields jumped Wednesday on a report that China may halt its purchases of US Government debt. However, the effect on USD may be

 

Webinar: Cryptocurrency Volatility Likely to Remain High

The cryptocurrency marketplace soared then dropped sharply over the last week, driven mainly by volatility in the altcoin space, with Ripple (XRP) a standout mover.

 

DailyFX US AM Digest: US Dollar Back Near Yearly Lows

In tandem, bonds, stocks, and the US Dollar are all falling.

 

Dollar Drops on Reports that China May Slow or Halt Treasury Purchases

The U.S. Dollar has wiped away post-NFP gains after a report began to circulate indicating that China may be further scale back purchases of U.S.

 

Dollar Shrugs Off Mixed Import Prices and Declining Export Prices

2017 marked the largest calendar-year increase for import and export prices in six years.

 

USD Dunks on Early Signs of Another ’Taper Tantrum’

What could a quick uptick in US Treasury yields mean for the US Dollar and stocks?

 

Technical Analysis for USD/JPY, Euro & GBP Crosses, Gold & More

Today, we looked at specific set-ups in a couple of major USD-pairs, but spent most of the time on EUR & GBP cross-rates; also peeked

 

Stocks Remain Mostly Negative In Mid-Day Trading – U.S. Commentary

After moving lower early in the session, stocks remain mostly negative in mid-day trading on Wednesday. Selling pressure has remain relatively subdued, however, limiting the downside for the major averages.

 

Major Averages Pull Back Off Record Highs In Early Trading – U.S. Commentary

After trending higher over the past several sessions, stocks have given back some ground in morning trading on Wednesday. The major averages have slid into negative territory, although selling pressure has remained relatively subdued.

 




Biomerica Inc. (BMRA) Surges To New High On Chinese Approval

Biomerica Inc. (BMRA) announced Wednesday morning that it has received approval from the China Food and Drug Administration for its EZ Detect colorectal screening test.

 

U.S. Wholesale Inventories Climb Slightly More Than Expected In November

Wholesale inventories in the U.S. increased by slightly more than anticipated in the month of November, according to a report released by the Commerce Department on Wednesday.

 

United Continental Holdings (UAL) Is Rising On December Results

United Continental Holdings (UAL) announced after the bell Tuesday that its December 2017 consolidated traffic increased 2.7 percent and consolidated capacity increased 3.

 

Eastman Kodak Co. (KODK) Has Surged To A 10-Month High On BlockChain News

Eastman Kodak Co. (KODK) announced Tuesday that it has launched KODAKCoin, a photo-centric cryptocurrency. Eastman Kodak leaped yesterday and is extending its gains in early trade Wednesday.

 

Intuitive Surgical Inc. (ISRG) Has Risen To A New High On Q4 Outlook

Intuitive Surgical Inc. (ISRG) announced Wednesday morning that it expects to report fourth quarter revenues of approximately $892 million. Analysts expect the company to report revenues of $845.

 

U.S. Import Prices Inch Up 0.1% In December, Less Than Expected

With a drop in prices for non-fuel imports partly offsetting a jump in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices rose by much less than expected in the month of December.

 

Profit Taking May Contribute To Weakness On Wall Street

The major U.S. index futures are pointing to a lower opening on Wednesday following the upward trend seen over the past several sessions. Profit taking may contribute to initial weakness on Wall Street after the major averages once again climbed to new record closing highs in the previous session.

 

Stocks May Give Back Ground Following Recent Strength – U.S. Commentary

Stocks may give back ground in early trading on Wednesday following the upward trend seen over the past several sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 100 points.

 

U.S. Import Prices Rise Less Than Expected In December

With a drop in prices for non-fuel imports partly offsetting a jump in prices for fuel imports, the Labor Department released a report on Wednesday showing U.S. import prices rose by much less than expected in the month of December.

 

UK Industrial Output Rises For Eighth Straight Month

UK industrial production climbed for the eighth straight month in November driven by energy and manufacturing output. Data from the Office for National Statistics showed that monthly growth in industrial output doubled to 0.

 

Deere & Co. (DE) Climbed To A New High For The Year

Deere & Co. (DE) climbed for the bulk of the morning Tuesday, but settled into a range in the second half of the session. Shares finished with a gain of 4.49 at $165.

 

AZZ Inc. (AZZ) Pulled Back After Accounting Review Announcement

AZZ Inc. (AZZ) announced Tuesday morning that it will undertake a review of its accounting methodology, which will result in a delay in the filing of its third quarter Form 10-Q.

 




Acuity Brands Inc. (AYI) Dropped After Disappointing Q1 Report

Acuity Brands Inc. (AYI) reported first quarter EPS of $1.94 Tuesday morning, down from $2.00 a year ago. Analysts expected EPS of $2.10. Acuity Brands gapped open sharply lower Tuesday and fell further during the first half hour of trade.

 

Global Blood Therapeutics (GBT) Rose To A New High On FDA News

Global Blood Therapeutics (GBT) announced Tuesday morning that it has been granted a Breakthrough Therapy Designation from the FDA for voxelotor, for the treatment of sickle cell disease.

 

Latvia Inflation Eases Further

Latvia’s consumer price inflation eased for the fourth straight month in December, figures from the Central Statistical Bureau showed Wednesday. Consumer prices climbed 2.

 

Abaxis Inc. (ABAX) Jumped To A New High On Q3 Outlook

Abaxis Inc. (ABAX) announced Tuesday morning that it expects to report third quarter revenues of $59.0 million to $60.0 million, an increase of 12% to 14%, over last year’s comparable quarter.

 

Wall Street To Open In The Red

Early signs from the U.S. Futures Index are pointing to a lower opening for Wall Street. Investors are looking for the Import and Export Prices for the month, Mortgage Applications as well as a slew of Fed speeches on Wednesday.

 

Ireland Industrial Production Plummets In November

Ireland’s industrial production plunged in November, after rebounding sharply in the previous month, preliminary figures from the Central Statistics Office showed Wednesday.

 

Nektar Therapeutics (NKTR) Surged To A New High For The Year

Nektar Therapeutics (NKTR) climbed in early trade Tuesday and advanced further in the final 90 minutes of trade. The stock closed up by 10.63 at $68.03 on above average volume.

 

World Bank Raises Global Growth Projections

The World Bank raised its global growth projections, saying 2018 is on track for the first time since the financial crisis to operate at or near full capacity. The global economy is forecast to grow 3.

 

Illumina Inc. (ILMN) Leaped To A New High On Thermo Fisher Scientific Deal

Illumina Inc. (ILMN) announced Tuesday morning that it has entered into an agreement with Thermo Fisher Scientific (TMO) that will allow Illumina to sell Ion AmpliSeq technology directly to its customers.

 

Sweden Industrial Production Growth Slows In November

Sweden’s industrial production growth eased in November after accelerating sharply in the previous month, figures from Statistics Sweden showed Wednesday. Industrial production advanced a calendar-adjusted 6.

 

Sensex, Nifty End Flat As Investors Await Earnings

Indian shares ended a range-bound session little changed on Wednesday as investors awaited cues from the Q3 earnings season and next month’s Union Budget. Global cues also remained muted as rising bond yields on expectations of higher interest rates and the recent surge in oil prices spurred investors to lock in some profits after recent strong gains.

 

Czech Inflation Slows For Second Month

Czech consumer price inflation eased for the second straight month in December, figures from the Czech Statistical Office showed Wednesday. Inflation moderated to 2.

 




UK Visible Trade Deficit Widens In November

The UK visible trade deficit widened in November, data published by the Office for National Statistics showed Wednesday. The visible trade deficit rose to GBP 12.

 

European Shares Subdued As Bond Yields Surge

European stocks were subdued on Wednesday as rising bond yields on expectations of higher interest rates and the recent surge in oil prices spurred investors to lock in some profits after recent strong gains.

 

FTSE 100 Little Changed Ahead Of Key Data

U.K. shares were little changed on Wednesday after the Quarterly Economic Survey published by the British Chambers of Commerce showed that the growth in the U.K.

 

CAC 40 Little Changed As Investors Turn Defensive

French shares were little changed in cautious trade Wednesday as rising bond yields on expectations of higher interest rates and the recent surge in oil prices put investors in defensive mode.

 

DAX Retreats As Bond Yields Surge

German shares fell on Wednesday as rising bond yields on optimism over global growth and the recent surge in oil prices spurred investors to lock in some profits after recent strong gains.

 

UK Economic Growth Remains Subdued In Q4: BCC

The growth in the UK economy remained subdued at the end of 2017, according to the Quarterly Economic Survey published by the British Chambers of Commerce. The survey showed that almost all services indicators were below their pre-EU referendum levels and the strong performance of manufacturers eased slightly in the fourth quarter.

 

France Industrial Production Falls As Expected In November

France’s industrial production decreased as expected in November, after rising in the previous two months, data from the statistical office Insee showed Wednesday.

 

Earnings In Focus: Jan. 10 (KBH, LEN, PRGS, SVU)

KB Home (KBH) will publish its fourth-quarter financial results after the bell today, with analysts polled by Thomson Reuters estimating earnings of $0.77 per share and revenue of $1.

 

Asian Shares Slide On Rising Bond Yields

Asian stocks closed mostly lower on Wednesday after bond yields jumped in the U.S. and inflation data from China painted a mixed picture of the economy. The benchmark ten-year U.

 

Norway’s Inflation Accelerates In December

Norway’s inflation accelerated more-than-expected in December, figures from Statistics Norway showed Wednesday. Inflation rose to 1.6 percent from 1.1 percent in November.

 

Finland Industrial Production Growth Improves In November

Finland’s industrial production growth accelerated in November after easing in the previous two months, figures from Statistics Finland showed Wednesday. Industrial production climbed a working-day-adjusted 3.

 

China’s Inflation Rises Slightly; Producer Price Inflation Weakest In 13 Months

China’s inflation rose less than expected in December and producer prices logged its weakest growth in more than a year as government stepped up measures to tackle pollution.

 




European Shares To Open Lower After Recent Gains

European stocks may open slightly lower on Wednesday after four days of gains and amid caution ahead of earnings from U.S. banks including JPMorgan Chase & Co. and Wells Fargo & Co.

 

Warren Buffett on CNBC Crossing Wall Street

Posted by Eddy Elfenbein on January 10th, 2018 at 1:43 pm

The information in this blog post represents my own opinions and does not contain a recomme

 

Cryptocurrency markets are tanking after news of shutdown in South Korea

News of a bitcoin crackdown in South Korea sent the market for digital coins into a tailspin Thursday morning.

 

It looks like Warren Buffett has narrowed his choice for successor down to 2 people

Warren Buffett shed light on his succession plan on Wednesday, appointing two senior executives — Greg Abel and Ajit Jain — to Berkshire Hathaway’s board.

 

JPMORGAN: Amazon’s ready to take on the Google-Facebook duopoly in advertising

BI PRIME: Advertisers are not the only ones betting on Amazon’s rise as a crucial ad vehicle countering Facebook and Google’s dominance of digital…

 

A dad-and-son cybersecurity firm impressed investors with its ‘unique’ software that plays a kind of hide-and-seek with hackers

CyptoMove just just raised a $6 million in funding, led by Chamath Palihapitiya’s firm Social Capital.

 

A major bitcoin conference is no longer accepting bitcoin payments because the fees and lag have gotten so bad

For all the claims of the “future of money,” bitcoin doesn’t work very well as an actual currency.

 

YouTube star Logan Paul’s upcoming movie has been put on hold because of his dead body video

Logan Paul is facing several consequences for a video that many found offensive, including being removed from the Google Preferred ad program.

 

Nvidia clarifies an earlier statement that sent the stock sliding (NVDA)

Nvidia clarified its own blog post on Wednesday.
The original post suggested that Nvidia’s GPUs were vulnerable to the Spectre flaw affecting most modern …

 

Venture-capital funding in 2017 was the highest it’s been in the past 10 years

Driven by late-stage funding rounds, VC funding skyrocketed in 2017.

 

STOCKS FALL FROM RECORD HIGH: Here’s what you need to know

US stocks slipped from record highs amid a report that Canadian officials think President Donald Trump will pull the US out of NAFTA.

 

United Continental jumps after reporting high traffic in December (UAL)

Shares of United Continental rose 6.57% on Wednesday after news that its traffic increased in December.
The airline reported that its traffic increased…

 




Nvidia’s 65-inch gaming monitors are totally nuts — but for some gamers, they’ll make perfect sense

Nvidia’s new gadgets are basically large-screen TVs with all the features you’d expect from top-of-the-line gaming monitors.

 

The Canadian dollar and Mexican peso are getting whacked after report says Canada is convinced Trump will pull the US out of NAFTA

Both currencies are down about 0.9% versus the US dollar.

 

Bitcoin cash is surging as other cryptocurrencies fall

Bitcoin cash, a cryptocurrency which split in a ‘hard fork’ from the flagship bitcoin in August 2017, surged more than 13% on Wednesday while other cryp…

 

Canadian officials believe that Trump is going to yank the US out of NAFTA

Two Canadian officials said that they expect Trump to announce the move some time before the next round of NAFTA talks in late January.

 

What you need to know on Wall Street today

Hello. Here’s what you need to know on Wall Street today.

 

Netflix still has a ton of room to grow – even with Disney in the ring (NFLX)

Netflix is facing increasing competition in the streaming video space.
But one analyst thinks the company’s growth is nowhere close to being done.
Wat…

 

‘Consumers don’t have the best choice’: Huawei’s CEO went off-script and gave an impassioned speech after AT&T killed its phone deal

BI Prime: It was supposed to be Huawei’s big night. But after AT&T threw a wrench in those plans, Huawei’s Richard Yu spoke out.

 

Ripple, the company behind cryptocurrency XRP, is betting big on Asia

BI PRIME: Asheesh Birla, VP of product for Ripple, told Business Insider banks in Asia are more open to innovation than US-based firms.

 

There are 2 ways retailers can fight off the retail apocalypse and counter the Amazon threat

Retailers must offer differentiated product and a unique customer experience to fend off the threat of Amazon.
Even then its tough to compete with Amaz…

 

CRYPTO INSIDER: Buffett’s a bitcoin bear

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email d…

 

YouTube cuts business ties with Logan Paul over offensive video

YouTube said Wednesday it has cut business ties with popular vlogger Logan Paul following a controversial video he posted that showed a dead body in a

 

KB Home beats expectations, expects ‘solid demand’ for housing in 2018

Shares of KB Home KBH, +0.44% rose 3% late Wednesday after the homebuilder reported fourth-quarter earnings above Wall Street forecasts and said it ex

 

S&P 500, Nasdaq break six-day win streak

U.S. stock-market indexes closed slightly lower on Wednesday as investors grew cautious following a temporary jump in the yield on the 10-year Treasur

 

Trump says it’s ‘unlikely’ he’d speak with Special Counsel Mueller

President Donald Trump said Wednesday it’s “unlikely” he would answer questions from Special Counsel Robert Mueller since “there was absolutely no col

 

Report that Trump will announce end of Nafta pact adds to stock-market jitters

U.S. stocks, struggling to maintain record-setting altitude in 2018, took a firmer slide Wednesday afternoon amid a report that Canadian officials exp

 

Mexico and Canada ETFs fall on report Trump will announce pullout of Nafta

Exchange-traded funds that track both Canada’s and Mexico’s stock markets fell on Wednesday, following a report that suggested U.S. President Donald T

 

Oil prices settle above $63 for the first time in over 3 years

Oil prices on Wednesday settled above $63 a barrel for the first time in more than three years after the Energy Information Administration reported an

 

Dollar strengthens against peso, loonie on report that Trump will announce pullout of Nafta

The U.S. dollar spiked against its Canadian counterpart USDCAD, -0.0399% and the Mexican peso USDMXN, -0.0259% on a Reuters report that Canada is incr

 

MoviePass majority owner shares skyrocket after CEO shows interest in blockchain technology: report

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. HMNY, +28.07% rose as much as 39% from Tuesday’s close during trading hours on Wed

 

Treasury yields pare climb after better-than-expected 10-year note auction

Treasury buying picked up, pushing yields slightly lower, Wednesday afternoon following an auction of 10-year Treasury notes that drew healthier deman

 

Nvidia CEO disputes reports that GPUs are susceptible to Spectre vulnerability

Nvidia Corp. NVDA, +0.78% Chief Executive Jensen Huang disputed a report that software updates disclosed Wednesday morning showed that the company’s g

 

Intuitive Surgical’s stock jumps to record high after upbeat sales update

Shares of Intuitive Surgical Inc. ISRG, +6.58% surged 6.5% toward a record high in midday trade Wednesday, enough to pace the S&P 500’s SPX, -0.11% ga

 




Ford sued by truck owners claiming rigged emissions: report

Ford Motor Co. F, -0.38% is being sued by truck owners alleging the car maker has rigged at least 500,000 heavy-duty, diesel-fueled trucks to beat emi

 

California Republican Rep. Darrell Issa to retire

Congressman Darrell Issa plans to retire after 2018, giving Democrats a good chance to win a seat that covers a large coastal area just north of San D

 

Global Blockchain says it is the ‘lead investor’ in Kodak’s KodakCoin ICO

Shares of Global Blockchain Technologies Corp. soared Wednesday, after the Canada-based and blockchain investment company BLOC, +48.03% said it was th

 

EIA reports a fall in U.S. crude supply, along with gains in gasoline, distillate stocks

Oil prices pared some of their gains Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies fell by 4.9 mill

 

Coca-Cola targeting millennials with Diet Coke rebranding, new flavors

Coca-Cola Co. KO, -0.35% said Wednesday that it is launching new packaging, a new campaign and new flavors for its Diet Coke brand. The company says D

 

Micron’s stock falls again, but J.P. Morgan affirms bullish stance

Shares of Micron Technology Inc. MU, +0.79% dropped 2.3% in morning trade Wednesday, to extend the 5.7% tumble on heavy volume in the previous session

 

AMC stock downgraded, as analyst says 2018 box office revenue could be flat

Shares of theater chain AMC Entertainment Holding Inc. AMC, +0.36% were down more than 2% in premarket trade on Wednesday after being downgraded to se

 

S&P 500, Nasdaq open lower, threaten to book a loss for first time in 2018

U.S. stocks on Wednesday were trading modestly lower, with the donwdraft being partially attributed to investors cashing out of some of their holdings

 

Whirlpool to cut 500 jobs as part of Embraco restructuring

Whirlpool Corp. WHR, -1.28% disclosed Wednesday that it will incur about $80 million in charges as result of a restructuring of its Embraco compressor

 

Target upgraded on accelerating earnings growth following investments

Target Corp. TGT, +2.30% was upgraded to positive from neutral at Susquehanna Financial Group now that analysts see accelerating earnings growth follo

 

Warren Buffett says cryptocurrencies headed for a ‘bad ending’

Billionaire investor Warren Buffett is confident the cryptocurrency story will end in tears, but he isn’t putting any money on it. “In terms of crypto

 

Kodak’s stock rockets again on heavy volume after blockchain initiative

Shares of Eastman Kodak Co. KODK, +57.35% shot up 68% in active premarket trade Wednesday, adding to the 119% jump in the previous session on the heel

 




UPDATE: Vince shares soar 19% premarket after news that holiday same-store sales rose 15.9%

Luxury clothing and accessories maker Vince Holdings Corp. VNCE, +8.84% said Wednesday that same-store sales for the nine-week holiday period through

 

American Airlines’ stock climbs after unit revenue outlook raised

Shares of American Airlines Group Inc. AAL, +3.26% rallied 1.1% in premarket trade Wednesday, after the air carrier raised its fourth-quarter unit rev

 

Sirius XM’s stock rallies after self-pay subscriber additions beats expectations

Sirius XM Holdings Inc.’s stock SIRI, +4.61% rallied 1.7% in premarket trade Wednesday, after the radio company said it added more self-pay subscriber

 

Signet’s stock sinks after holiday-season sales drop

Shares of Signet Jewelers Ltd. SIG, -6.89% sank 5.6% in premarket trade Wednesday, after the diamond jewelry retailer reported holiday-period sales th

 

Why ECB and BoJ’s Monetary Policies Matter for All Traders (Quick Take Video)

Talking Points: • The Fed’s monetary policy intentions seem to generate little interest from the Dollar much less broad risk trends recently • What truly mat…

 

China’s Treasury Appetite Troubles Dollar, Trump Hits CAD and BoJ the S&P 500 (Forex Trading Video)

Talking Points: • Risk trends slipped with the S&P 500 posting its first lost of 2018 with talk of monetary policy change starting to weigh ‘risk’ • Recommen…

 

DailyFX: Opening Range Overview for FX, Commodities & Equity Indices

Welcome to DailyFX where subscribers get access to actionable and authoritative views on global financial markets. Why Subscribe? -Cutting edge real-time ins…

 

Forex: Top FX Headlines: USD Dunks on Early Signs of Another ‘Taper Tantrum’: 1/10/18

– US Dollar selling off – alongside US Treasuries and US equities – as report shows Chinese government considering slowing or halting purchases of US debt. -…

 

Webinar: Cryptocurrency Markets Remain Highly Volatile

 

FXStreet US session outlook – 10-01-18

 

Bitcoin Analysis January 11, 2018

The Bitcoin markets fell most of the day on Wednesday, but as you can see on the daily chart, we have tested an uptrend line and bounced enough to form a ham…

 

S&P 500 and NASDAQ 100 Forecast January 11, 2018

The S&P 500 has fallen during most of the trading session on Wednesday, but we did get back some of the losses towards the end of the day, and I am more impr…

 




WTI Crude Oil and Natural Gas Forecast January 11, 2018

The WTI Crude Oil market went back and forth during the trading session on Wednesday, forming a neutral candle. We have gotten a bit overextended, so it make…

 

USD/JPY and AUD/USD Forecast January 11, 2018

The US dollar fell significantly against the Japanese yen during the trading session on Wednesday, slicing through an uptrend line, breaking down below the b…

 

EUR/USD and GBP/USD Forecast January 11, 2018

The EUR/USD pair rallied significantly during the trading session on Wednesday, slicing through the 1.20 level at one point. However, we get back quite a bit…

 

Will the ASX 200 hit 6200 10th January 2018

David talks about the upward trend of the ASX 200, and looks at the possibility of the market hitting 6200. Get the latest daily analysis on products such as…

 

Cheer Up

Adage:

“Most traders take a good system and destroy it by trying to make it into a perfect system.”

Cartoon:


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Have a nice trading!




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