Heads-up News 

New York Trading Session Heads Up Thursday, August 9, 2018

New York opening news digest

Tribune calls off $3.9 billion Sinclair media deal

Tribune said in a statement Thursday that it has terminated its merger agreement with Sinclair, scuttling a $3.9 billion deal.

 

Car trouble in Japan; Adidas soars; Pandora CEO out

Here’s what you need to know about the markets before you start your business day.

 

Ikea has finally opened in India. Here’s what its first customers think

Ikea has made its first foray into India, a huge new market where the company has suffered a series of hiccups.

 

Albertsons and Rite Aid scrap plans to merge

The retailers announced late Wednesday that they are calling off the deal because of pushback from shareholders who complained it undervalued Rite Aid.

 

China has an online lending crisis and people are furious about it

The Chinese government is facing anger from mom-and-pop investors after hundreds of online lending platforms imploded, wiping out their savings..

 

Invest In Long-Only Equity Run By Hedge Fund Managers

Experienced hedge fund managers are arguably some of the best stock pickers in the world. Investors are increasingly turning to hedge fund managers’ innovative long-only investment solutions to access attractive equity returns.

 

FTSE 100 Analysis: Russian Sanctions and Large Cap Ex-Divs Drag on FTSE

FTSE 100 Analysis: Russian Sanctions and Large Cap Ex-Divs Drag on FTSE

 

GBPUSD Analysis: Dip Buyers Seen at Multi-Month Sterling Lows

Sterling driven higher in the short-term with buyers seen near one-year lows. GBP move started by newspaper report that the EU is considering shifting its

 

Trade Wars and Sanctions Dominating Markets, Effects to Persist

US-China tariffs and possible US sanctions on Japan, Russia and Turkey are dominating trading and their impact looks likely to last, with the Japanese Yen

 

GBPUSD Testing August 2017 Lows on No-Deal Brexit Fears

GBPUSD continues to drop on fears of a no-deal Brexit and, having already hit its weakest level so far this year, could now fall as

 

Gold Price Outlook: Fibonacci Resistance Tested, Holds For Now

Gold is making another attempt to break its recent bear market and has tested a noted technical level of resistance. A clean break and close

 




S&P 500 Price Analysis – Wary as Highs Near, Dow Struggles to Keep Up

The S&P 500 warrants caution on fresh longs as the old high nears, Dow has ground to make up.

 

GBP/USD spikes and retreats, back below 1.2900 handle

•  GBP pops on news that EU will offer a major Brexit concession to UK PM May.

   •  The uptick lacks any strong follow-through beyond the 1.2900

 

USD turn around will be a big deal for asset allocation – Nordea Markets

Martin Enlund, Research Analyst at Nordea Markets, suggest that at an age of seven years, the upturn in the dollar has now lasted longer than the bull

 

US: Focus on PPI data today – Nomura

Analysts at Nomura suggest that the US PPI report for July will likely reaffirm rising pipeline price pressure with input costs on the rise.

Key Quot

 

Mexico: Inflation expected to continue to see near-term acceleration – TDS

Analysts at TD Securities suggest that Mexican July inflation is expected to continue to see near-term acceleration thanks to higher than expected non

 

DXY Technical Analysis: Constructive outlook persists above the support line at 94.40

DXY daily chart

 

 

 

 

 

 

Daily high: 95.34

Daily low: 95.03

Support Levels

S1: 94.93

S2: 94.74

S3: 94.50

Resistance Levels

R1: 95.3

 

Czech inflation decelerates amid lower food prices – ING

Jakub Seidler, Chief Economist at ING, notes that Czech inflation decelerated to 2.3% in July from 2.6% in the previous month, driven mainly by lower

 

GBP futures: door open for extra downside

Investors added almost 9.5K contracts to their open interest positions on Wednesday vs. Tuesday’s final 219,746 contracts, according to advanced figur

 

US: Focus on jobless claims and PPI data – TDS

Analysts at TD Securities suggest that the market is looking for the US PPI inflation to hold steady at 3.4% y/y in July, with producer prices up 0.2%

 

Ireland Consumer Price Index (YoY): 0.8% (July) vs 0.4%

Ireland Consumer Price Index (YoY): 0.8% (July) vs 0.4%

 

Ireland HICP (YoY) climbed from previous 0.7% to 1% in July

Ireland HICP (YoY) climbed from previous 0.7% to 1% in July

 

Ireland HICP (MoM): 0.4% (July) vs 0.1%

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are

 




Greece Unemployment Rate (MoM) dipped from previous 20.2% to 19.5% in May

Greece Unemployment Rate (MoM) dipped from previous 20.2% to 19.5% in May

 

EU said to offer a major Brexit concession to UK PM May

According to the latest headlines floating on the wires, the EU is said to offer a major Brexit concession to the UK PM Theresa May. 

A report, via t

 

JPY seen appreciating vs. USD and EUR – Commerzbank

In opinion of Axel Rudolph, Senior Analyst at Commerzbank, the Japanese safe haven currency is expected to pick up traction in the next months vs. the

 

WTI outlook indicator shows global goods trade growth will likely slow further in Q3

Reuters reports key headlines from the World Trade Organization’s (WTO) Quarterly Outlook released on Thursday.

Quarterly outlook indicator shows glo

 

Kremlin calls new US sanctions “categorically unacceptable” and illegal under international law

Kremlin is out with a statement, responding to the latest US sanctions on Russia after the US determined that Moscow had used a nerve agent against a

 

Ireland Consumer Price Index (MoM) up to 0.4% in July from previous 0.1%

Ireland Consumer Price Index (MoM) up to 0.4% in July from previous 0.1%

 

Portugal Global Trade Balance down to €-4.111B in June from previous €-3.601B

Portugal Global Trade Balance down to €-4.111B in June from previous €-3.601B

 

WTI looks vulnerable below $ 66.50, as USD buyers return amid trade tensions

WTI (oil futures on NYMEX) experienced some volatile moves in the European session, although managed to hold above the $ 66.50 support area. However,

 

Philippines: Central bank delivers aggressive response – ING

Joey Cuyegkeng, Senior Economist at ING, notes that the Philippine central bank (BSP) raised its policy rate by 50 basis points to 4% in a bid to brin

 

China will be unable to match the next round of US tariffs – Westpac

Sean Callow, Research Analyst at Westpac, points out that this week we saw the latest salvo, as China imposed 25% tariffs on $16bn of US energy and ve

 

Greece Industrial Production (YoY) rose from previous 1% to 1.2% in June

Greece Industrial Production (YoY) rose from previous 1% to 1.2% in June

 

EUR futures: upside limited near term

According to CME Group’s preliminary figures for EUR futures markets, traders scaled back their open interest positions by 618 contracts on Wednesday

 




Sources: Handling of US trade dispute causes rift in Chinese leadership – Reuters

Reuters cites four sources close to the Chinese government, as saying that escalating US-China trade dispute is seen causing a rift within China’s Com

 

Gold struggles for a firm near-term direction, holds within 1-week old trading range

•  Reviving safe-haven demand largely offset by Fed rate hike expectations.

   •  The prevalent USD bullish sentiment further contributes towards

 

EUR/USD re-attempting 1.1600 amid resurgent US dollar demand

Having consolidated above the 1.16 handle in the Asian trades, the EUR/USD pair failed to resist above the last and fell sharply in the European sessi

 

EUR/JPY room for a test of 128.11 – Commerzbank

In view of Axel Rudolph, Senior Analyst at Commerzbank, the cross could slip back to the 128.11 region.

Key Quotes

“EUR/JPY still targets the June 8

 

US Dollar stays bid around 95.30 ahead of US PPI

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, is trading on a positive note around the 95.25/30 bannd.

US Do

 

Greece Consumer Price Index (YoY) down to 0.9% in July from previous 1%

Greece Consumer Price Index (YoY) down to 0.9% in July from previous 1%

 

Greece Consumer Price Index – Harmonized (YoY) down to 0.8% in July from previous 1%

Greece Consumer Price Index – Harmonized (YoY) down to 0.8% in July from previous 1%

 

A US cargo ship has been drifting off the coast of China for a month — and it shows the real-world effects of the trade war

A container ship owned by JPMorgan carrying a cargo of soybeans worth $20 million, has been circling off the Chinese coast for over a month, caught in the middle of the US-China trade war.

 

How low will it fall? The pound continues to dive on ‘no-deal’ Brexit fears

Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a ‘no deal’ Brexit.

 

Viacom tops profit estimates, but sales fall short

Viacom Inc. VIAB, -1.38% said Thursday it had net income of $511 million, or $1.27 a share, in its fiscal third quarter to June 30, down from $680 mil

 

Tribune Media beats profit and revenue expectations,as it terminates Sinclair merger

Tribune Media Co. TRCO, +0.99% reported Thursday that it swung to a second-quarter profit and revenue that rose above expectations, as it also announc

 

Gannett revenue falls more than expected, but raises EBITDA outlook

USA Today parent Gannett Co. Inc. GCI, -1.56% reported Thursday that it swung to a second-quarter profit, while revenue fell more than expected amid w

 




Vista Outdoor lowers sales guidance after shortfall

Vista Outdoor Inc. VSTO, -0.36% said Thursday it had a net loss of $52.3 million, or 91 cents a share, in its fiscal first quarter to July 1, after ea

 

Tribune terminates deal to be bought by Sinclair, and sues Sinclair

Tribune Media Co. TRCO, +0.99% said Thursday it has terminated the $3.9 billion deal to be acquired by Sinclair Broadcast Group Inc., originally annou

 

Dun & Bradstreet going private in $5.4 billion deal

Dun & Bradstreet DNB, -2.40% the 177-year-old financial services firm, has agreed to a $5.4 billion buyout by an investor group group led by CC Capita

 

Becoming a Better Trader – Trading Breakouts and Pullbacks, Part II

In this second webinar of a two-part series, we discussed the various facets of trading pullbacks from entry to exits to risk management. -Subscribe to Daily…

 

ملخص اسواق العملات ليوم الخميس 09/08/2018 من موقع ديلي فوركس

لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/

 

Daily Market Roundup (August 09, 2018) – By DailyForex

For more daily news and technical analysis visit: http://www.dailyforex.com

 

Tesla shareholder not thrilled about going private

Ross Gerber, CEO of Gerber Kawasaki and shareholder in #Tesla, told #IGTV’s Victoria Scholar that he is not thrilled about the idea of going private and we s…

 

Cheer Up

Adage:

A chartist I know said my stock had an upside down pennant formation, but all I saw was awhite flag being waved at Custer’s last stand.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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