Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, January 10, 2018

Frankfurt opening news digest

Here’s Why 2018 Could Be A Growth Year For McDonald’s

Over the past few years, McDonald’s has been working aggressively on several initiatives to add healthier products and suit changing customer preferences. These changes have started showing results, with positive comparable sales leading to growth in profits.


Urban Outfitters Disappoints With Its Holiday Comps

Much was expected from Urban Outfitters’ holiday period, as the company had disclosed in an SEC filing in December that its fourth quarter comparable retail segment sales were up at a mid-single-digit rate.


How Much Can Electronic Arts Grow By 2019?

EA has reinvented its business strategy, now focusing on releasing fewer titles but improving the hit rate. In the same quest, the company has focused on improving alternative revenue streams such as the revenue earned from in-game services including downloadable content and in-game purchases.


AUD: Looks Stretched; Better To Be Long CAD Than AUD Around Current Levels – Nordea

Nordea Research discusses AUD outlook and notes that the currency looks stretched versus most currencies in the G-10 space. “Net long copper positioning is at record highs, and even a small correction in the long copper positioning would spell trouble for AUD versus the USD in coming months.Therefore, if you want a late-cycle commodi


EUR/USD, EUR/GBP: EZ Outperformance To Keep Euro On Positive Track – CIBC

CIBC Research discusses the EUR outlook and thinks that the single currency is likely to remain supported by the strong EZ economics performance in 2018.”Global PMI readings suggest that growth continued to strengthen in most advanced economies towards the end of 2017. However, one area stands head and shoulders above the others&mdas


GBP/USD: Prone To A Correction Lower; UK Data In Focus On Wed – Barclays

Barclays Capital Research discusses GBP/USD outlook and thinks that the pair is prone for a correction lower in the near-term.”The prospects for a tactical USD rebound will likely be the main driver for cable this week amid a light UK data and events calendar, which includes IP (Wednesday; Barclays: 0.6% m/m, consensus: 0.4% m/m).Fur


GBP/USD: ‘Caught In Between’; UK Data On Wed In Focus – Credit Agricole

Credit Agricole Research discusses GBP outlook and notes that the currency remains caught between a still underwhelming UK economic outlook on the one hand and market hopes for a benign outcome from the Brexit negotiations on the other.”This week’s data may attract some attention and investors will pay particular atte


How and When To Trade Trend Reversals Like AUD/USD’s, Gold’s, SPX’s

Reversals: they are the most attractive events in the financial markets for traders. In these events, we expect dramatic volatility for quick profits


Japanese Yen Technical Analysis: Pennant Backs Up USD/JPY Weakness

The Japanese Yen has risen solidly against the US Dollar this week thanks to the markets’ spin on a fundamental story. The charts seem to


Australian Dollar Shrugs At China CPI, AUD/USD Pause Continues

The Australian Dollar market found nothing to worry about in an as-expected batch of official Chinese inflation data. AUD/USD is pulling back, perhaps as it


Will EUR/USD Stoke Dollar Conviction, BoJ Drive US Yields, Oil Bulls Commit?

Favorite risk benchmarks continued to rise – like the SPX’s 6-day rally – but recognition of flagging momentum is growing


Asia AM Digest: Dollar Gains with Yields, Franc Down as Yen Gains

The US Dollar rose as Treasury bond yields shot higher while a surge in the Japanese Yen might have inspired a parallel drop in the


Yuan Plunges After PBOC Changes Managed Regime, What to Expect Next?

China’s Central Bank suspended the use of the counter-cyclical factor in calculating the Yuan fixing. What does it mean? And how will it impact Yuan’s


BoJ’s asset purchases tweak creates market chatter; is EURUSD consolidation underway on the Daily?

Yesterday the Bank Of Japan mildly tweaked its asset purchases program. In essence the central bank applied a small reduction in the purchases of Japanese Government Bonds, around $20 Billion worth split between the 10-25 year , and the over 25 year maturities. While this does not significantly change the central bank’s policy stance, speculation from market participants ran rife as would be expected.


Futures Pointing To Initial Strength On Wall Street

The major U.S. index futures are pointing to a higher opening on Tuesday following the mixed performance seen in the previous session. Stocks may benefit from recent upward momentum, which has lifted the markets to record highs amid optimism about the economic outlook.


HSBC: Here’s how to make a killing betting on the robot revolution

BI PRIME: Artificial intelligence is developing rapidly, creating plentiful investment opportunities in its wake, says HSBC.


You can now rent a Kodak-branded bitcoin mining rig — but you’ll have to hand over half of the profits you make

The once-legendary camera company is getting into cryptocurrencies, and its stock is soaring.


Coinbase blames extreme buyer demand for last month’s bitcoin cash disaster

The price of bitcoin cash quadrupled on the GDAX in its first day of trading there last month. Coinbase says there were too many buyers and not enough sellers.


The Lenovo Mirage Solo is a smartphone in VR headset form — what to know about Google’s first standalone virtual reality device

This VR headset by Google and Lenovo does not require external hardware to power render a virtual reality experience.


‘These are bad facts for him’: Intel CEO’s $24 million stock sale before disclosing the chip flaw could trigger lawsuits, SEC inquiry

BI Prime: Investors are already talking to securities lawyers about suing Intel over its CEO’s stock sale. There’s a good chance the SEC will take a look too.


Ford CEO Jim Hackett has the toughest job in the auto industry ahead of him

Ford CEO Jim Hackett’s job is to change the perception that Ford is falling behind on the future of the car business: electric vehicles and self-driving cars.


GUNDLACH: The stock market will end its historic streak of gains in 2018

This year is likely to be more interesting and less profitable than 2017, Gundlach said.


Domino’s CEO is leaving the company after fixing the pizza chain’s ‘cardboard crust’ reputation

Domino’s CEO is leaving the pizza chain after executing an impressive turnaround and fixing the chain’s reputation.


‘This is a magic moment:’ Here’s Jeff Gundlach’s full presentation on markets and the economy in 2018

The stock market would end its historic streak of back-to-back annual gains, Gundlach forecasts.


ProShares and VanEck are withdrawing their requests for bitcoin ETFs

A bitcoin ETF has long been viewed as a natural next step in the maturation of the bitcoin market.


Clint Carlson’s hedge fund assets drop $1 billion in five months after brutal performance

BI PRIME: Carlson Capital’s Black Diamond Thematic LP fund fell 22.1% last year after fees, according to a client update seen by Business Insider.


MoviePass has had ‘staggering’ growth to 1.5 million subscribers — and an analyst says online ticket sites must be ‘shaking in their boots’

BI PRIME: MoviePass is starting to make an impact on the movie business, and has grown to 1.5 million subscribers.


Whole Foods has a ‘high class’ problem that’s leading to ‘entirely empty’ shelves

Barclays analysts visited Whole Foods stores and found “entirely empty” shelves, displays, and hot food bars and produce that “appeared to have deteriorated.”


Caribbean tsunami warnings canceled after magnitude 7.6 quake

A magnitude 7.6 earthquake in the Caribbean Sea appeared to cause little damage on land but sparked a tsunami warning, which was later canceled, stret


Judge blocks Trump from ending DACA program

A federal judge temporarily blocked the Trump administration from ending the Deferred Action for Childhood Arrivals program late Tuesday night. U.S. D


North Carolina congressional districts ruled illegally gerrymandered

North Carolina’s Republican-drawn congressional districts are illegally gerrymandered, a panel of three federal judges ruled Tuesday, and must be rema


After complaints, Trump administration says no new Florida offshore drilling

The Trump administration said Tuesday it would withdraw Florida from consideration for potential new offshore oil drilling following criticism from Re


United Continental December traffic up 2.7% year-on-year

Shares of United Continental Holdings Inc. UAL, -0.04% rose 2% late Tuesday after the airline said its December consolidated traffic (revenue passenge


Uber reaches settlement with New York drivers for $3 million

Uber Technologies Inc. has agreed to pay a gross settlement fee of up to $3 million to settle a lawsuit brought by nearly 2,500 drivers in New York. T


Domino’s CEO to step down, board names Richard Allison new CEO

Domino’s Pizza Inc. DPZ, +1.52% said late Tuesday President and Chief Executive J. Patrick Doyle will leave the company June 30, to be succeeded by Ri


API data reportedly show U.S. crude supplies down more than 11 million barrels

The American Petroleum Institute reported Tuesday that U.S. crude supplies dropped by 11.2 million barrels for the week ended Jan. 5, according to sou


WD-40 shares rise after company beats fiscal Q1 earnings, ups guidance

Shares of WD-40 Co. WDFC, -0.88% rose more than 5% late Tuesday after the company reported better-than-expected fiscal first-quarter earnings and sale


Will EUR/USD Stoke Dollar Conviction, BoJ Drive US Yields, Oil Bulls Commit? (Forex Trading Video)

Talking Points: • Favorite risk benchmarks continued to rise – like the SPX’s 6-day rally – but recognition of flagging momentum is growing • EUR/USD has ext…


How and When To Trade Trend Reversals Like AUD/USD’s, Gold’s, SPX’s (Quick Take Video)

Talking Points: • Calling a meaningful turn – where there is a significant move in an opposing direction – is one of the lowest probability trades • Differen…


Cheer Up


Q: Did you hear how bad the economy is in the Middle East?
A: Yeah, Iraqis can only afford to throw one shoe at George W Bush!


Image courtesy: www.forexfactory.com

Have a nice trading!

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