Heads-up News 

Frankfurt Trading Session Heads Up Thursday, May 17, 2018

Frankfurt opening news digest

Bitcoin, Ethereum, Ripple, And Other Major Cryptocurrencies To Get A Boost From New Funds

Two mutual fund-like index funds will ease investing in major cryptocurrencies.

 

Venezuela On The Brink Of Collapse Buys Oil…To Help Cuba

It takes a whole lot of stupid government policies to destroy a great economy. And Venezuelan governments of different political sides seem to have raced to pursue all of them to the bitter end.

 

Rising Rates Are Bad For… Stocks or Bonds?

Given that the yield on the 10-Year U.S. Treasury has more than doubled since July 8, 2016, the real “risk” in the financial markets has been in bonds, not stocks.

 

Gold Price Drop Stalls Just Shy of Breakout – Now What?

Gold prices managed to avoid outright trend reversal, holding on by a thread above support guiding advance from December 2016 as the US Dollar retreated.

 

Australian Dollar Still Stuck Despite Strong Employment Data

Australian Dollar bulls couldn’t capitalize much on a quite-strong set of employment data, probably because the pass-through into interest-rate expectations will be minumal

 

EUR/GBP Technical Analysis: 7-Month Down Trend Back in Play

The Euro looks vulnerable to deeper losses against the British Pound after prices broke support guiding the upswing from lows set in mid-April.

 

Asia AM Digest: AUD May Not Get Lasting Response to Jobs Report

After recovering losses on mixed Australian wage price data, AUD/USD may not get a lasting response to April’s jobs report and could focus on what

 

The FBI is ‘deeply concerned’ about espionage from companies like Chinese tech giant ZTE as Trump tries to lift sanctions on them

The FBI is concerned that companies “beholden to foreign governments” will gain access to the US telecommunications network, “that gives them the capacity to ma

 

Cisco beats on revenue and earnings but investors were not impressed

Cisco reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as

 

Missing financial files on Michael Cohen motivated leaks: report

The whistleblower who leaked documents last week showing Trump lawyer Michael Cohen received multiple payments to a shell company he set up, was a law

 

Cheer Up

Adage:

Q: Why isn’t Halloween “special” anymore?
A: The lights are out, the windows are boarded up, the lawns aren’t cut. Everyday is Halloween in America now.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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