Heads-up News 

Sydney Trading Session Heads Up Monday, December 11, 2017

Sydney opening news digest

Bitcoin rally continues as futures forecast even higher prices

The start of trading in bitcoin futures suggests the rally in bitcoin prices still has some ways to go.


Microsoft may be worth $1 trillion by 2020 says one Wall Street analyst

Microsoft’s cloud business is booming. And that’s why one analyst thinks that Microsoft’s market value could top the trillion dollar level within the next few years.


Europe doesn’t like Trump administration’s tax plans

Europe’s five biggest economies are warning the Trump administration that its tax reform may violate international trade rules.


Ecoship: The world’s greenest cruise ship will have sails

A Japanese cruise operator is teaming up with a Finnish shipbuilder to build the world’s greenest cruise ship.


Salvator Mundi: Abu Dhabi bought the $450 million da Vinci painting

Nearly a month after Leonardo da Vinci’s ‘Salvator Mundi’ broke auction records, the buyer has come forward.


Roche’s Fight With Pfizer May Be Just The Beginning

Roche recently sued Pfizer to block the latter’s biosimilar (generic version) for Herceptin- a cancer biologic that earned $2.5 billion in sales in the U.S. for Roche in 2016. The fight is unlikely to stop there for Roche, as it has a lot more at stake.


Under Armour’s 2017 In Review

Over the last few years, Under Armour has gone from a rising star in the sports apparel space to a struggling company looking for a turnaround.


Can EPYC Server Processors Boost AMD’s Value By 25%?

AMD has made some improvements to its product lines in the last few years, but its stock remains risky considering its relatively low and fluctuating margins.


Activision, Take-Two, GameStop: Investing In Video Gaming In The Digital Age

How can you plug and play your portfolio into the explosive video game sector? Five MoneyShow contributors who follow the industry offer a dozen or so investing ideas. This isn’t your Dad’s game of Pong.


JPMorgan’s Q3 Card Purchases Up 13%, Outpacing Industry Growth

JPMorgan’s growing presence in the affluent card segment over recent years, coupled with its position as the largest card lender in the U.S., has helped its card purchase volumes grow at a faster rate than any of its competitors.


U.S. Card Charge-Off Rates Improved In Q3, But Holiday Season May Change That

Card charge-off rates across the industry fell in Q3 2017 after remaining elevated over the first two quarters of the year, and the largest U.S. card lenders benefited from this trend to report a sequential decline in their card loan charge-offs.


An Overview Of Juniper Networks’ 2017 So Far

Networking giant Juniper has reported a mixed set of results this year, with revenue declines across key product segments including routing and network security, while the company is also facing declining margins for product divisions.


Recent Developments Could Bode Well For First Solar’s Future

First Solar had a relatively eventful week, as it conducted its analyst day event, during which it unveiled its first functional large format Series 6 thin-film panel, while also announcing a stronger than expected set of guidance numbers for 2018.


Litecoin Hits Latest All-Time High, Up More Than 4,000% Year-To-Date

Litecoin reached a new record today, extending its recent gains and increasing its year-to-date (YTD) returns to more than 4,000%.

The digital curren


10 Energizer Bunny Stocks

These ten U.S. stocks have posted average earnings growth of 25% or better in the past five years, yet sell for 12 times earnings or less.


Bull Market Is Lowest-Returning In History, But Don’t Worry, It Still Has Legs

The current bull market is the lowest returning one in the industrial age, when adjusted for inflation. But don’t worry, it’s not done rising yet.


Brazil’s Social Security Reform Set To Fail Again

So you STILL think Brazil is going to pass pension reform, do you?


The World’s Biggest Arms Companies [Infographic]

According to Sipri, sales of arms and military services across the world totaled $374.8 billion last year. Lockheed Martin retained its place at the top of the global arms league in 2016, selling nearly $41 billion of military equipment.


USD/JPY: (1.1) Three Reasons For More Upside In 1H Of 2018 – BofA Merrill

Bank of America Merrill Lynch FX Strategy Research discusses USD/JPY outlook in 2018, and believes the yen’s fundamental weakness will be maintained, but will manifest in USD/JPY rather than in cross-yen.”There are three major factors we believe will maintain JPY’s weakness in 1H18. (1) BoP, (2) Portfolio flow dynamics, (3) US rea


EUR/USD: ‘No Compelling Risk-Reward To Pre-Position’ Ahead Of ECB Meeting – Barclays

Barclays Capital FX Strategy Research discusses EUR/USD outlook ahead of the ECB December policy meeting on Thursday.”We expect the ECB to keep policy settings and forward guidance unchanged, in line with consensus expectations and market pricing, after announcing in October an extension of QE until September 2017 at a reduced pace of EUR


EUR/USD: What Would Fuel The Next Stage Of EUR Rally? Where To Target? – SocGen

Societe Generale Cross Asset Strategy Research discusses EUR outlook in 2018, and thinks that the next leg of the EUR/USD recovery should be driven more by EUR rates than USD rates. “The ECB’s very accommodative monetary policy has fuelled a clear acceleration in eurozone growth. In 2018, anything that revives the ECB



EUR/USD: Neutral (since 15 Nov 17, 1.1795): Pressure shifting to the downside but too early to expect a sustained down-move. No change in view.EUR is approaching the bottom of the expected 1.1740/1.1940 consolidation range and the weak daily closings over the past few days have shifted the pressure to the downside. That said, it is too ea


Week Ahead: USD Into FOMC, EUR Into ECB, GBP Into BoE – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses the FX market outlook for the coming week, and highlight the policy meeting of the FOMC, ECB, and BoE.”Any ECB message that highlights QE as positive without adding to its dovish forward guidance could boost Eurozone stocks and EUR.We remain long EUR/USD and EUR/CHF,” CACIB


Webinar: Silver and Gold Downtrends Mature Near Target Zones

Gold and silver prices continue to downward corrections. The Elliott Wave patterns still suggest a deeper correction so follow the levels we are watching.


Webinar: FX Week Ahead: UK & US CPI; Fed, BOE, ECB in Coming Days

In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX


Bitcoin May Trade Higher Despite Net-Long Positions

The current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long


Euro May Fall Despite Net-Short Positions

The current EURUSD price trend may soon reverse lower despite the fact traders remain net-short.


Weekly Technical Outlook: USD Trade Setups Heading into FOMC Forecast

Webinar highlighting featured setups we’re tracking into this week’s Fed interest rate decision. Here are the updated targets & invalidation levels that matter.


GBP/USD Rate Forecast: RSI Flashes Bearish Signal Ahead of U.K. CPI

The U.K. Consumer Price Index (CPI) may fuel the near-term weakness in GBP/USD as both the headline and core reading for inflation are expected to


Forex Markets Ready for a Week of Central Banks: Fed, ECB, BoE Await

As we near the end of what’s been a rather active 2017 across global markets, a number of longer-term themes remain at question. This week’s


Webinar: A Packed Week Including ECB, BoE and FOMC Meetings

A week jam-packed with central bank policy meetings and heavyweight data releases. The FOMC meeting on Wednesday will be followed the next day by the


FX Markets Have Busy Week with UK & US CPI, Plus BOE, ECB, & FOMC

Volatility should make itself familiar with all traders this week thanks to the saturated economic calendar.


DailyFX US AM Digest: US Dollar Gaps Open Higher and Stays There

FX markets are proving volatile at the close of the week thanks to a bevy of news flow and data hitting the wires over the


Latvia October Trade Deficit Widens

Latvia’s trade deficit for October widened from a year ago as imports grew faster than exports, figures from Central Statistical Bureau showed Monday. The trade deficit rose to EUR 166.


BCC Trims UK Growth Outlook On Brexit Uncertainty

The British Chambers of Commerce on Monday downgraded its growth projection citing weak household spending and business investment through the forecast period and less contribution from net trade due to Brexit uncertainty.


VeriFone Systems Q4 Earnings In Focus (PAY)

Payments and commerce solutions provider VeriFone Systems, Inc. is scheduled to report fourth-quarter results on December 12..


Portugal Trade Deficit Widens As Imports Surge

Portugal’s merchandise trade deficit widened in October, as exports growth was outpaced by a surge in imports, preliminary data from Statistics Portugal showed Monday.


Futures Suggest Rally Mood For Wall Street

The major highlight on Monday is the JOLTS data for October. The consensus is for a slight growth. Asian shares closed higher, while European shares are trading mostly up.


Sensex Rises For Third Day; Nifty Ends Above 10,300

Firm global cues after the release of upbeat U.S. jobs data and progress in Brexit talks helped Indian markets finish higher for the third day running on Monday.


China’s Bank Lending Rises In November

China’s bank lending increased in November despite measures taken by the government to curb credit growth, the People’s Bank of China showed Monday. New yuan loans totaled CNY 1.


European Shares Hold Steady Ahead Of Central Bank Meetings

European stocks held steady near four-week highs on Monday, with U.K. markets outperforming, as the pound held weaker and investors turned their focus on a plethora of central bank meetings scheduled this week.


FTSE 100 Rallies As Pound Dips

U.K. shares rallied on Monday as the pound held weaker and investors turned their focus on a plethora of central bank meetings scheduled this week, with the FOMC widely expected to raise policy rates by 25 basis points.


Earnings In Focus – Dec. 11 (CASY, KMG, YGE)

What’s in store for Casey’s General Stores Inc. (CASY), KMG Chemicals Inc. (KMG), and Yingli Green Energy Holding Co. Ltd. (YGE) in today’s earnings announcement?.


CAC 40 Little Changed Ahead Of Central Bank Meetings

French shares were little changed on Monday as investors turned their focus on a plethora of central bank meetings scheduled this week, with the FOMC widely expected to raise policy rates by 25 basis points.


DAX Marginally Higher In Lackluster Trade

German shares were marginally higher on Monday, mirroring positive cues from Wall Street Friday and a positive trend across Asia this morning, after data showed the U.


Asian Shares Rise After US Jobs Report

Asian stocks closed broadly higher on Monday after data showed the U.S. economy created more jobs than expected last month and the U.K. reached a divorce deal with the European Union, setting stage to move on to future trade talks post-Brexit.


European Economics Preview: France Business Sentiment Data Due

Business sentiment survey data from France is due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway releases consumer and producer prices for November.


European Shares To Open On Firm Note Ahead Of Central Bank Meetings

European stocks look set to open higher on Monday as stronger-than-expected U.S. job growth figures for November as well as progress in Brexit talks added to optimism about global growth.


Sensex Up 155 Points In Early Trade; Nifty Climbs Above 10,300

Indian shares opened notably higher on Monday, mirroring positive global cues after stronger-than-expected U.S. job growth figures for November added to optimism about the world’s largest economy.


Asian Markets Higher With Modest Gains

Asian stock markets are in positive territory on Monday after U.S. stocks closed higher on Friday following the release of stronger-than-expected U.S. jobs data for November.


Sensex, Nifty Seen Higher On Global Cues

Indian shares look set to open higher on Monday, mirroring positive global cues. Investors keep a close eye on the Gujarat elections, although the final verdict is expected only on December 18.


Japanese Market Drifts Lower

The Japanese stock market drifted into negative territory on Monday, despite opening higher on a weaker yen and following the gains on Wall Street Friday after the release of better-than-expected U.


China Market May Test Resistance At 3,300 Points

The China stock market on Friday halted the four-day slide in which it had surrendered almost 45 points or 1.4 percent. The Shanghai Composite Index now rests just beneath the 3,290-point plateau and it’s expected to see additional support on Monday.


Indonesia Shares Tipped To Open In The Green

The Indonesia stock market bounced higher again on Friday, one session after it had ended the three-day winning streak in which it had collected almost 85 points or 1.


Australian Market Pares Gains

The Australian stock market has pared early gains and is flat on Monday despite the positive cues from Wall Street on Friday following better-than-expected U.S. jobs data.


Hong Kong Bourse May Pad Winning Streak

The Hong Kong stock market has climbed higher in consecutive trading days, advancing more than 415 points or 1.6 percent along the way. The Hang Seng Index now rests just beneath the 28,640-point plateau and it may extend its gains on Monday.


World leaders think Trump’s tax overhaul is dangerous, and they’re getting ready to fight back

European and Chinese officials are getting ready to deal with the fall out from the Republican tax reform bill.


STOCKS HIT A RECORD HIGH: Here’s what you need to know

US stocks climbed to a record high ahead of a Federal Reserve meeting on Wednesday, where the central bank is expected to announce a 25-basis-point rate hike.


Bitcoin hits all time high above $17,300 after bitcoin futures premiere

The price of bitcoin, the red-hot digital currency, topped its previous all-time high set Friday, according to data from Markets Insider.
Bitcoin was trad…


Litecoin is surging after Bitcoin futures launch

Litecoin, the fifth-largest cryptocurrency by market cap, has gained more than 25% in value over the last 24 hours, reaching an intra-day high of $195.66 p…


Tesla is rising after reports it has started to deliver the Model 3 to regular customers (TSLA)

Tesla has been seen stocking up on the new Model 3 at its stores and delivery centers.
Tesla has been plagued by production issues for the Model 3 re…


Coinbase’s cryptocurrency exchange crashes briefly

The very brief outage occurred during a relative calm trading session.


The Winklevoss twins think bitcoin could ‘go up another 20 times’ and trounce gold

The red-hot coin, according to the twins, could replace gold.


TOP TECH ANALYST: Almost nothing will stop the FANGs in 2018 (FB, AAPL, NFLX, GOOGL)

Tech has outpaced the broader market by a wide margin in 2017.
But it wasn’t all smooth sailing, as many of the largest companies faced public and regulat…


CITI: A pattern is popping up in the euro that suggests it could soar 20%

The euro is on track to post its biggest annual gain since 2003.
An ‘outside year’ could occur for just the third time since floating exchange rates be…


What you need to know on Wall Street today

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


HP says nearly 500 laptop models have a dangerous bug that can record everything you type

HP issued a list of all the affected models and updates containing the fix.


Take a closer look at Ford’s F-series pickup trucks — the most popular vehicles in the US

There’s no shortage of pickup-truck choices in the US, but when most people think “pickup,” one vehicle comes to mind: the Ford F-150.


MORGAN STANLEY: 3 things could slow red-hot FAANG stocks in 2018

Red-hot FAANG stocks could be a victim of their own success in 2018, says Morgan Stanley.


The market for bitcoin futures is heating up

Ed Tilly, the CEO of Cboe, told Business Insider that volumes and the number of participants in the market were picking up.


It’s official: Apple is buying Shazam

Apple has bought Shazam, the popular music-recognition app and augmented reality service.


The Treasury released a bizarre one-page report on the GOP tax bill, and it’s already getting shredded

The one-page Treasury report used economic growth numbers from the Trump administration’s budget rather than estimating the tax impact on its own.


‘WINTER MAY BE COMING’: Wall Street report warns fund manager pay is headed for a reversal

BI PRIME: Pay is likely to increase 7% for the average portfolio manager, according to Greenwich Associates, but the raises could be brief.


A top private equity recruiter explains why there’s a ‘perfect storm’ for hiring right now

BI PRIME: Fundraising and “dry powder” in the private-equity industry is booming, a “perfect storm” that has stoked demand for talent and increased…


Bitcoin bull Tom Lee has identified 12 stocks that are perfect if you don’t want to own it

BI Prime: Some stock picks if bitcoin is still too risky for you.


The Fed seems to be giving up on a key driver of the economy

Federal Reserve officials are pinning their interest rate hikes on recent job market strength, with the unemployment rate at a 17-year low of 4.1%.


Bluebird Bio stock retreats from records after announcing stock offering

Bluebird Bio Inc.’s BLUE, +17.91% soaring stock price hit a bit of turbulence Monday afternoon, after the company said it planned to sell $600 million


SEC charges day trader for role in insider trading ring

The Securities and Exchange Commission on Monday charged Joseph Spera, a former day trader, with posing as a portfolio manager to induce investment ba


Dow, S&P 500 end at records as bitcoin marks first day of futures trading

The S&P 500 index and Dow industrials closed at fresh records on Monday, as the world’s most prominent virtual currency, bitcoin, made its futures deb


Xerox stock gains after Carl Icahn calls for new CEO

Investor Carl Icahn called for a new chief executive for Xerox Corp. XRX, +0.00% in an interview with The Wall Street Journal on Monday, opening up a


Bitcoin hits record high, nears $300 billion market capitalization

The digital currency bitcoin rallied on Monday, hitting its latest in a series of records in the first full day of trading for bitcoin futures. The pr


‘American Vandal’ tops list of most-binged shows on Netflix in 2017

Netflix Inc. NFLX, -1.23% on Monday broke with a long tradition by revealing the shows that viewers binge-watched in 2017. The streaming giant listed


Eli Lilly hikes dividend by 8%

Eli Lilly and Co. LLY, +0.25% said Monday its board approved an 8% hike in its quarterly dividend. The drugmaker said it will pay a 56.25 cents a shar


Tesla’s stock rallies 1 day before bearish ‘death cross’ set to appear

Tesla Inc.’s stock TSLA, +4.37% rallied 3.7% in afternoon trade Monday, putting it on track to close above its widely-followed 200-day moving average


Brent oil at highest since July 2015; WTI climbs to a 1-week high

Oil prices climbed Monday, with Brent crude, the global benchmark, logging its highest settlement in more than two years after the reported shutdown o


GE’s stock turns lower, heads for six-year low

General Electric Co.’s stock GE, -0.34% erased early gains to fall 0.7% in afternoon trade Monday, putting it on pace to close at a six-year low. Afte


Snap shares up 5% after analyst note

Snap Inc. SNAP, +7.63% shares have risen 5% to $15.91 in afternoon trading after a positive note from Monness, Crespi, Hardt & Co. analyst James Cakma


Gold prices mark another finish at the lowest since July

Gold fell on Monday, as strength in bitcoin and U.S. stocks continued to dull the investment appeal of the yellow metal, keeping prices for gold at th


Apple stock rises after company confirms Shazam acquisition

Apple Inc. AAPL, +1.95% shares gained 1.9% in midday trading Monday after the company confirmed that it had acquired music-recognition app Shazam. “Ap


FAANG stocks unlikely to outperform in 2018: analyst

The so-called FAANG companies — Facebook Inc. FB, +0.02% Amazon.com Inc. AMZN, +0.60% Apple Inc. AAPL, +1.95% Netflix Inc. NFLX, -1.23% and Alphabet


Fitbit stock hits highest price since January as Jawbone lawsuit ends

Fitbit Inc. FIT, +2.44% stock gained 3.9% in midday trading Monday, putting it on pace to close above $7 for the first time since late January. The co


Brent oil prices rally, set for highest settlement since mid-2015

Brent crude-oil futures rallied Monday, with prices set for their highest settlement since the middle of 2015, following reports Monday that a major N


SEC forces halt of initial coin offering

The Securities and Exchange Commission forced the halt of what the regulator said was an offer of unregistered securities by a California-based compan


J.C. Penney partners with menswear retailer Bombfell for online big-and-tall styling service

J.C. Penney Co. Inc. JCP, -0.62% has partnered with online menswear styling service Bombfell to provide styling services for big-and-tall customers. S


Six people in the U.K. found guilty of running boiler-room scam

Three people in the U.K. were found guilty on Monday for their roles in a running a series of boiler rooms that resulted in investors losing more than


Mattel’s credit downgraded to a ‘junk’ rating at Moody’s

Mattel Inc.’s MAT, +2.19% senior unsecured bond ratings were downgraded three notches to a “junk” rating of Ba3 from Baa3 at Moody’s Investors Service


Most wanted beauty product by women is the eyeshadow palette while men want moisturizer

Of all beauty products, women most want a new eyeshadow palette for the holidays, according to a survey of more than 2,000 American women conducted by


Verizon stock rises on announcement of new NFL deal

Verizon Inc. VZ, +1.47% shares gained 0.5% in Monday morning trading after the company said that it had signed a new streaming agreement with the NFL,


Disney, Chevron, 3M stocks help Dow industrials firm early gain

The Dow Jones Industrial Average saw early gains firm on Monday, buoyed by early share rises in Walt Disney Co., Chevron Corp., and 3M Co. Shares of t


Stock market trades flat as bitcoin futures trade kicks off

U.S. stock indexes opened slightly higher Monday, as investors look ahead to a coming meeting by the Federal Reserve’s monetary-policy-making committe


Arch Coal’s stock rallies to record after 500,000 shares buyback deal

Shares of Arch Coal Inc. ARCH, +1.71% rallied 2.4% toward a record high in morning trade Monday, after the coal producer announced a deal to buy back


Spark Therapeutics shares slide more than 40% after hemophilia data disappoint

Shares of gene therapy biotech Spark Therapeutics Inc. ONCE, -35.00% tumbled more than 40% in early trade Monday, after it reported data from trials o


The Trade Desk stock rises after SunTrust upgrades to buy

Shares of programmatic-advertising firm The Trade Desk Inc. TTD, +6.76% gained 8% in Monday trading after analysts at SunTrust Robinson Humphrey upgra


Grubhub stock rises after analyst cites easing of competitive pressures

Analysts at KeyBanc Capital Markets raised their price target on Grubhub Inc. GRUB, +3.11% to $80 on Monday, matching the highest target among Wall St


Skechers is one of 2018’s best ideas, Burlington Stores to benefit from tax reform: Cowen analysts

Skechers USA Inc. SPX, +0.32% is one of the best ideas for 2018 according to Cowen & Co. thanks to its number two casual shoe position in a recent ana


Teva’s stock gains after exclusive launch of generic Viagra

Shares of Teva Pharmaceutical Industries Ltd. TEVA, +2.37% rose 0.4% in morning trade Monday, after the drug maker announced the exclusive launch of i


Webinar: FX Week Ahead: UK & US CPI; Fed, BOE, ECB in Coming Days: 12/11/17

DailyFX Senior Currency Strategist Christopher Vecchio, CFA discusses the major data due over the coming week and how they will impact FX markets. Volatility…


Forex Weekly Technical Outlook: USD Trade Setups Heading into FOMC Forecast



Webinar: A Packed Week of Central Bank Meetings and Heavyweight Data Releases


USD/JPY and AUD/USD Forecast December 12, 2017

The US dollar went back and forth during the course of the session here on Monday, ultimately forming a hammer. The hammers suggesting that we are going to c…


EUR/USD and GBP/USD Forecast December 12, 2017

The EUR/USD pair broke out to the upside during the trading session on Monday, but ran into a buzz saw of problems at the 1.18 handle. At this point, we ende…


S&P 500 and NASDAQ 100 Forecast December 12, 2017

The S&P 500 broke out and above the 2650 handle during the trading session on Monday as the uptrend continues. I believe at this point that short-term pullba…


WTI Crude Oil and Natural Gas Forecast December 12, 2017

The WTI Crude Oil market continues to be bullish longer-term, even though it is rather noisy in general. You can see that I have a nice uptrend line that I h…


TS Lombard: Another German Election Would Not Worry Markets

While Germany’s Chancellor, Angela Merkel, is still seeking to form a coalition government, TS Lombard analyst, Constantine Fraser, says markets would take a…


Monday market update 11th December 2017

David looks at the moves in UK banking stocks, and talks about the upcoming Federal Reserve and European Central Bank meetings. Get the latest daily analysis…


Cheer Up


“My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.” – Burt Dohmen


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Have a nice trading!

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