Heads-up News 

Sydney Trading Session Heads Up Thursday, August 9, 2018

Sydney opening news digest

IAC, the internet giant that owns Angie’s List, is on fire

IAC’s stock is up 50% this year because of the huge success of Angie’s List, Match, Tinder and Vimeo.

 

Pandora’s hit jewelry product is now its biggest problem

Pandora’s stock price collapsed by 50% so far this year as sales of its flagship product dwindle.

 

An exclusive tour of the gigantic factory where Boeing jets are born

The aircraft maker gave CNNMoney a rare tour of site where a portfolio of wide-body planes, from the 747 “Jumbo Jet” to the 787 Dreamliner, take shape.

 

Why Casper wants to open 200 stores

“It will give us a footprint to help educate consumers,” CEO Philip Krim told CNNMoney.

 

How Crocs staged a comeback

The company has focused on making better clogs, expanded into sandals and closed underperforming stores.

 

Cinemark’s Movie Club is the anti-MoviePass

Cinemark CEO Mark Zoradi says Movie Club offers a lot that you can’t get with MoviePass.

 

One more company decides to join Amazon, not fight it

The party favors store is the latest to decide that it makes more sense to join Amazon than fight it.

Party City announced Thursday that it will try

 

Protect Yourself Against Diminished Capacity

If you might ever become responsible for a parent or other relative, now would be a good time to make sure that their planning is in place. Assisting them in their time of need will be a lot easier if their documents are up to date.

 

Looking To Rent A One-Bedroom In Manhattan This Summer? Good Luck

Prices are the second-highest in the country and rising, new reports show.

 

Want A Bargain? 3 Cheap Stocks That Are About To Breakout

Once again the stock market is flirting with fresh record highs. As a result, valuations are stretched to the upside as the market refuses to fall. For those of you who like to buy undervalued stocks, here are three shockingly cheap bargain stocks that are about to breakout.

 

What Will Drive Union Pacific’s Near-Term Growth?

Union Pacific Corporation (NYSE: UNP) is seeing strong growth in its Intermodal business of late, due to constraints in the trucking industry. In addition, there has been a ramp up in sand shipments amid increased drilling activity in the U.S. However, Coal shipments continues to remain lackluster..

 




HSBC’s China Focus Continues To Drive Profits, But Leaves The Bank Vulnerable To Trade War

HSBC reported a strong performance for the second quarter of 2018 earlier this week, with strong loan growth across its operating divisions coupled with upbeat capital market conditions driving the top line even as lower operating costs boosted profits for the period.

 

Can New York Times Keep Beating Estimates In The Second Half Of The Year?

New York Times’ announced solid second quarter results on August 8, as both its earnings per share and revenues came in ahead of market expectations.

 

Elon Musk’s $82 Billion Tesla Buyout Folly

Elon Musk set off a lot of speculation about taking Tesla private. When you add up the outstanding stock, debt and stock options the total price is $82 billion. Unless almost all of the current shareholders exchange their stock into the private company his tweets could make him look foolish.

 

U.S.-China Trade Volleys Continue, Threaten Soybeans, LNG

As U.S.-China trade volleys continue with no negotiations in sight, U.S. soybean and LNG production is at risk.

 

Looking For Splendid Dividend Stocks At Little Cost? This FTSE 250 Stock Could Be Just The Ticket

Still hunting for cheap income shares trading for almost nothing? This FTSE 250 share could be just what you are looking for.

 

Floating Rates: How To Protect Your Income Stream

As bond prices and yields seesaw, income investors can consider floating rate loans, funds or securities to cut risk. Top income experts and regular MoneyShow.com contributors offer ideas for a floating rate strategy.

 

Mergers Down The Drain: Two Big Deals Fail, Giving Investors A Possible Lesson

There’s probably going to be some post-game analysis today after two major mergers fell through in the last 24 hours. Investors are also digesting fresh earnings and inflation data, and concerns about trade with China continue to bubble under the surface.

 

Analysts Expect 10% Gains Ahead For The Invesco S&P 500 Equal Weight ETF

For the Invesco S&P 500® Equal Weight ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $115.96 per unit.

 

In Brazil, Market Predicts Bolsonaro Vs. Alckmin

Centrist Geraldo Alckmin is the market favorite, followed by Jair Bolsonaro a distant second.

 

This Will Send REITs Soaring By 2019 (3 To Buy Now)

Once again, almost everyone has gotten sucked in by a tired investor slogan that’s dead wrong…

 

Expect These 7 Student Loan Changes In 2018

There are some big changes that could impact your student loans.

 

An “AWS For Crypto” Just Raised £25 Million On The London Stock Exchange With Plans To Open Bitcoin Genius Bars

At 10 months old, Argo Blockchain just became London’s first listed crypto miner, now valued at £47 million.

 




SolarCity Could Act As A Poison Pill To Crush Musk’s Dreams Of A Tesla Takeover

Is SolarCity’s unprofitability and balance sheet risk enough to act as a poison pill against a possible takeover of Tesla? Time will tell, but strapping a poor performing solar business onto a car company seems like an odd way to enhance the value of the enterprise.

 

How China Could Help Elon Musk Take Tesla Private

With its future prospects looking brightest in China, expect Chinese interests to play a crucial role in Tesla’s efforts to go private.

 

What is the NASDAQ FANG Group and Why Does it Matter?

FANG makes up a small collection of large-cap technology stocks which have become a crucial indicator for market sentiment and risk trends.

 

US Dollar Price Action Setups Ahead of US Inflation

The US Dollar is making a fast move towards the yearly highs ahead of tomorrow’s inflation report. The expectation is for a second consecutive month

 

EUR/USD Rebound Unravels Ahead of Updates to U.S. CPI

EUR/USD stands at risk of making a run at the June-low (1.1508) as the exchange rate snaps the series of higher highs & lows from

 

DXY Index Hovering Below Fresh Yearly Highs Ahead of July US CPI

More evidence that headline inflation is running above nominal wage growth will keep the Federal Reserve focused on hiking rates in September.

 

Bullish EUR/NZD After RBNZ Shocks With Dovish Rhetoric, EUR Bounce

The RBNZ came out with a dovish shock to markets to take NZD/USD to new YTD lows. At the same time, the sun may soon

 

GBP/USD Price Analysis: British Pound Testing Downtrend Support

The British Pound is down more than 2% month-to-date with major UK & US event risk on tap tomorrow. These are the targets & invalidation

 

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.

 

GBP/USD: Weekly Long Positions Grow 13.8% Sparking a Bearish Bias

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading

 

Bearish NZD/USD Trend Continues to Materialize on Dovish RBNZ

NZD/USD stands at risk of extending the decline from the earlier this year as it snaps the range-bound price action following the RBNZ meeting.

 

Would the Trump Administration Resort to Selling the Dollar?

Historically, the US has held a ‘strong dollar’ policy, but the Trump administration has shown willingness to break convention

 




Dow Pulls Back from Five Month Highs Ahead of US Inflation

US stocks have pulled back after the earlier-August breakout. With a key release of US inflation on the calendar for tomorrow, can bulls push up

 

NZD Drops After Dovish RBNZ, TRY and RUB Suffer – US Market Open

NZD Drops After Dovish RBNZ, TRY and RUB Suffer – US Market Open

 

US Dollar Digestion Comes Back Ahead of US Inflation

The US Dollar has spent this week digesting last week’s topside breakout. But – with a key inflation print on the calendar for tomorrow, will

 

CAD to Shrug Off Canada Row With Saudi Arabia

The Canadian Dollar is modestly weaker against the US Dollar Thursday but the dispute with Saudi Arabia is unlikely to cause it long-term damage.

 

GBP/USD Technical Analysis: GBP/USD keeps falling and hits a new 2018 low

GBP/USD 15-minute chart

b

GBP/USD daily chart

Spot rate:               1.2828

Relative change:    -0.40%     

High:                      1.2912

 

EUR/CHF breaks under 1.1500 and hits 2-month lows

The Swiss franc was among the top performers on Thursday on the day the Turkish Lira lost 5% triggering a sharp decline across emerging market currenc

 

RBA: expecting no material changes – ANZ

Analysts at ANZ noted that after the RBNZ surprised both markets and commentators with the dovishness of its forecasts yesterday, today the Reserve Ba

 

USD/CHF Technical Analysis: Reversal up sends USD/CHF back above 0.9920 level

USD/CHF 15-minute chart 

USD/CHF daily chart 

Spot rate:                  0.9931

Relative change:       -0.02%     

High:

 

Canada: New home starts may subtract from Q3 GDP – NBF

According to data released today, housing starts decline in Canada in July. National Bank of Canada’s analyst, Jocelyn Paquet, point out that the…

 

US: Disconnection between economy and housing sector likely to continue – Wells Fargo

According to analysts from Wells Fargo, supply shortages and affordability concerns continue to weigh on home…

 

Gold retraces daily gains, looks to close the day flat near $1213

After holding on to small recovery gains for the majority of the day, the XAU/USD pair came under a modest pressure in the late NA session and retrace

 

USD/MXN jumps to 18.70 as dollar soars against EM currencies

The USD/MXN is set to end the day with important gains on the back of a rally of the greenback against EM currencies. The pair rose from 18.46 to the

 




Here are the key dates to hedge sterling in respect to Brexit – Nomura

Analysts at Nomura explained the key dates that traders need to look out for when it comes to Brexit noise and sterling.

Key Quotes:

“Once we get pa

 

Brexit trade: GBP/USD the better Brexit hedge over EUR/GBP – Nomura

Analysts at Nomura explained that GBP/USD the better Brexit hedge over EUR/GBP, and said it’s long carry too.

Key Quotes:

“We had been short GBP/CAD

 

EUR/USD Technical Analysis: Pair back near key support levels after limited recovery

EUR/USD 15-minutes chart

EUR/USD Daily chart

Spot rate: 1.1552

High: 1.1618

Low: 1.1548

Resistance 1: 1.1580

Resistance 2: 1.1600

Res

 

BoE’s McCafferty: Labour shortages to lift wage growth to close to 4% next year – The Guardian

In an interview with The Guardian, Bank of England policymaker Ian McCafferty argued that labour shortages would lead to an acceleration in wage growt

 

GBP/USD: bears looking for a break below the key 1.28 handle

Since the end of July, GBP/USD has been in freefall and has plummetted from the top of the descending channel at 1.3172 (30th July high) and has just

 

CBRT should hike the repo rate in the vicinity of 30% from 17.75% now – TD Securities

“Turkey’s financial situation is the direst it has been in years. Since the end of July, the lira has weakened by a staggering 10% against the dollar,

 

Canada’s MacNaughton: Ready to show flexibility in NAFTA talks – BNN Bloomberg

In an interview with BNN Bloomberg, David MacNaughton, Canada’s ambassador to the United States, said a new North American Free Trade Agreement could

 

USD/CAD advances above 1.3050 as dollar gathers strength on Fed’s Evans’ comments

The USD/CAD pair gained traction in the last hour and touched a fresh daily high at 1.3064 after Chicago Fed President Charles Evans’ hawkish comments

 

AUD/USD bears all over it, eyeing the 2001-2018 uptrend line comes in at 0.7191

It has been a busy 20 hours for the Aussie after an uber-dovish RBNZ that early Asia-pacific desks walked into which led to heavy AUD/NZD buying and a

 

EUR/GBP Technical Analysis: Bulls reach a new 2018 high

EUR/GBP 15-minute chart

EUR/GBP daily chart

Spot rate:                0.8992

Relative change:     -0.21%     

High:                       0.90

 

US: Treasury 30-year bonds go at 3.090% high rate – Reuters

Record-high 30-year U.S: T-bond auction sees 3.090% at the high rate, as reported by Reuters.

Bbid-to-cover ratio at record U.S. 30-year treasury b

 

Fed’s Evans: One or two more rate increases ‘reasonable’ by end of year.

Comments from Chicago Fed President Charles Evans is crossing the wires with key quotes, via Reuters, found below.

U.S. Economy performing ‘very we

 




United States 30-Year Bond Auction increased to 3.09% from previous 2.958%

United States 30-Year Bond Auction increased to 3.09% from previous 2.958%

 

US: Headline CPI to hold steady at 2.9% y/y in July – TD Securities

“We expect headline CPI to hold steady at 2.9% y/y in July, reflecting a 0.2% m/m increase and likely marking the peak in y/y inflation for the year,”

 

USD/JPY Technical Analysis: USD/JPY finding some support near 110.90 level

USD/JPY 15-minute chart

USD/JPY daily chart

Spot rate:                 110.92

Relative change:      -0.06%     

High:                        1

 

Atlanta Fed: GDPNow estimate for real GDP growth in Q3 ticks down to 4.3%

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.3 percent on August 9, down from 4.

 

GBP/USD fails to hold above 1.29 as DXY continues to push higher

After refreshing its lowest level in nearly a year at 1.2843, the GBP/USD recovered above the 1.29 mark on latest Brexit headlines but the greenback s

 

GBP strategy from now until 20 September EU leaders summit – Nomura

Analysts at Nomura explained that already GBP/USD has fallen substantially since the Chequers agreement, but nearly half of that stems from the EUR/US

 

ECB: comes with a cautious confident undertone; EUR is an unattractive long- Scotiabank

Analysts at Scotiabank explained that the ECB’s monthly bulletin noted that the Eurozone economy was proceeding along a “solid and broad-based growth

 

Continuing to target 104 for USD/JPY at the end of 2018, sell GBP/JPY – TDS

Analysts at TD Securities explained that now that the Bank of Japan has demonstrated a willingness to allow for more yield curve control (YCC) flexibi

 

EUR/USD break below 1.1580, hits 2-day low

The EUR/USD pair dropped from near 1.1600 to 1.1563, reaching the lowest level in two days. As of writing it was hovering around 1.1570, holding a bea

 

Lira to recover to 5 versus the US dollar by the end of 2018 – ABN AMRO

“US sanctions and fears that Turkey will be unable to repay its foreign debt have caused a freefall of the lira. Our base case scenario assumes a lira

 

Fiserv Announces Buyback Crossing Wall Street

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced that its Board of Directors has authorized it to

 

Morning News: August 9, 2018 Crossing Wall Street

Russia Blasts New U.S. Sanctions Plan as Ruble, Stocks Slide

Rite Aid and Albertsons Agree to Terminate Their Merger Agreement

Never Mind Tesla, BMW

 




Announcing IGNITION 2018 speakers: Don’t miss Scott Galloway, Janice Min, Steve Case, and more!

Prepare for the year ahead with insights from today’s brightest minds. This year’s IGNITION lineup is packed with top executives from some of the hottest tech startups and innovative corporate enterprises.

 

Dropbox crushes Wall Street expectations on earnings, but COO Dennis Woodside is stepping down

Dropbox shot up 3% Thursday following a beat on Q2 2018 earnings.

The company also announced that Chief Operating Officer Dennis Woodside is stepping

 

Tesla is now worth less than it was before Elon Musk’s $420 tweet (TSLA) | Markets Insider

Tesla surged more than 10% Tuesday after Elon  Musk said he was considering taking the company private.
However a lack of more information and a repo…

 

‘Walking a tightrope’: China’s debt situation is drawing comparisons to the US mortgage crisis | Markets Insider

Wealth-management products are collections of financial instruments sold as one high-yield investment.
They may pose risks similar to those of mortgage-ba…

 

The man in charge of overseeing global trade says ‘the first shots have been fired’ in a trade war, and ‘the situation is extremely serious’

WTO Director General Roberto Azevêdo warned that trade protectionism, like President Donald Trump’s tariffs, is harmful to the global economy and could undermine the international trading order.

 

Why Cinemark’s unsexy $8.99 movie-theater subscription plan may actually be the one that survives

Cinemark CEO Mark Zoradi gives us a glimpse behind the curtain and says his company’s monthly movie-ticket plan, Movie Club, works because it focuses on the casual moviegoer.

 

Millennial investors are ditching Tesla during its wild week (TSLA) | Markets Insider

Holdings of Tesla fell 8% on Robinhood over the past week.
The stock has skyrocketed in the same time following Elon Musk’s plan to go private, givin…

 

What you need to know on Wall Street today

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

 

Turkish lira sinks to an all-time low amid tensions between Washington and Ankara | Markets Insider

The lira hit a record low against the dollar on Thursday.
Talks in Washington failed to deescalate tensions between the US and Turkey that had arisen over…

 

Trump’s trade war is already leading to layoffs and pain for American businesses

President Donald Trump’s tariffs are starting to take their toll on small businesses. Many firms are being forced to lay off workers to save money because of the increased price of imported goods.

 

The crypto bear market has been a blessing for this bitcoin trading firm’s booming new business

The crypto market’s bearish turn has been a blessing for a booming business run by a crypto trading firm.

 




Amazon just hit an all-time high as it inches towards becoming a $1 trillion company (AMZN) | Markets Insider

Amazon could follow Apple in hitting a $1 trillion valuation. 
Shares hit an all-time high on Thursday and many on Wall Street say it’s poised to hit…

 

Bank of America asked 65 investors their biggest fear — and the top response shows just how vulnerable markets are right now

BI PRIME: The biggest fear for credit investors is something that hadn’t been their top worry in years, according to a Bank of America Merrill Lynch survey. The findings reiterate just how vulnerable market conditions are right now.

 

The Russian ruble is getting slammed amid US sanctions | Markets Insider

The ruble fell to its lowest level versus the dollar since 2016.
The US hit Russia with new sanctions for the March chemical attack on a former Russian sp…

 

Roku’s plan to take on Amazon and Netflix seems to be working — and the stock just hit a record high (NFLX, AMZN, ROKU) | Markets Insider

Roku topped Wall Street’s earnings expectations on Wednesday, posting a financially neutral quarter where analysts had anticipated a 14 cent loss per shar…

 

One map shows why Trump’s trade war with China could be a disaster for average Americans

President Donald Trump’s trade war with China could have major economic consequences, since 23 states rely on China as the largest source of imports. In fact, 47 states count China among their top five sources of imports.

 

‘There are divides:’ Top Fed officials wants an even stronger job market ahead of the next recession

Richmond Fed President Thomas Barkin is worried policymakers may lack the tools to deal with the next recession. Looking for ways to strengthen US labor-force participation could create a crucial buffer before the next downturn, he said in a speech Wednesday.

 

Overstock shares rally as private-equity deal outweigh quarterly loss

Shares of Overstock.com Inc. OSTK, +4.47% rallied more than 20% in the extended session Thursday after news about a private-equity investment overshad

 

Trade Desk shares rally on earnings beat

Trade Desk Inc. TTD, +2.10% shares surged in the extended session Thursday after the ad-tech company topped Wall Street estimates. Trade Desk shares r

 

Stocks close mostly lower; Nasdaq extends gains to eighth session

The U.S. stock market ended mostly lower on Thursday, as investors weighed the continuing trade dispute between the U.S. and China against the backdro

 

Dan Loeb’s Third Point builds $686 million stake in Campbell Soup, urges sale

Shares of Campbell Soup Co. CPB, +0.71% rose 1.2% in premarket trade, after activist investor Dan Loeb’s hedge fund Third Point LLC disclosed that it

 

SEC ‘intensifying’ Tesla probe, company already under scrutiny: report

The U.S. Securities and Exchange Commission is “intensifying” its probe into Tesla Inc. TSLA, -4.83% public statements after Chief Executive Elon Musk

 

Oil settles lower for a second session in a row, a day after Wednesday’s steep plunge

Crude-oil prices edged lower Thursday, settling in negative territory for a second straight session. West Texas Intermediate crude oil for September d

 




Chipotle testing bacon, nachos, and late-night tacos

Chipotle Mexican Grill Inc. CMG, +0.02% said Thursday that it is testing Applewood Smoked Bacon in eight restaurants in Orange County, Calif. in Septe

 

Tronc stock rally continues as report identifies potential buyout suitor

Tronc Inc. shares TRNC, +1.92% surged Thursday following a report that identified the private-equity group considering an acquisition of the media com

 

Saint Louis University adds Amazon Alexa devices to student living spaces

Saint Louis University said Thursday on Twitter that it has become the first postsecondary educational institution to add Amazon.com Inc. AMZN, +0.64%

 

Sinclair board authorizes company to repurchase up to $1 billion of its class A common shares

The board of directors of Sinclair Broadcast Group, Inc. SBGI, +2.58% has authorized the company to repurchase up to $1 billion of its class A common

 

Gold settles slightly lower, fails to string together three straight gains

Gold futures failed an attempt at a third straight gain on Thursday as the latest round of economic data on jobs and inflation offered little reason t

 

Booking Holdings stock downgraded to hold at Stifel after earnings

Stifel analyst Scott Devitt lowered his rating on Booking Holdings Inc. BKNG, -5.02% shares to hold from buy on Thursday, following the company’s seco

 

Sinclair Broadcast Group withdraws ‘with prejudice’ its FCC applications to acquire Tribune Media Co.

Sinclair Broadcast Group, Inc. SBGI, +2.58% has withdrawn “with prejudice” its FCC applications to acquire Tribune Media Co. TRCO, +2.85% , Sinclair s

 

Nokia’s credit rating rises out of junk territory at Fitch

Nokia Corp.’s NOK, -0.56% credit rating was upgraded to BBB- from BB+ at Fitch Ratings, effectively lifting the Finland-based network infrastructure g

 

Apple’s stock hits intraday record as rival Samsung unveils new Galaxy Note 9

Shares of Apple Inc. AAPL, +0.79% rallied Thursday to an all-time intraday high, before paring some gains, although rival Samsung Electronics Co. Ltd.

 

GreenDot stock rises after earnings; SunTrust raises price target to $100

Shares of Green Dot Corp. GDOT, +3.36% are up 4.9% in Thursday morning trading after the prepaid-card company reported better-than-expected earnings a

 

Puerto Rico now puts Hurricane Maria death toll at 1,427: AP

The commonwealth of Puerto Rico, in a new congressional assessment, concedes that its prior estimate of Hurricane Maria’s death toll undershot by a fa

 

Health care ETF rises toward 9-day win streak, longest in 3 1/2 years

The health care sector continues higher, with the SPDR Health Care Select Sector ETF XLV, -0.11% on track for the longest win streak in 3 1/2 years, a

 

Yelp stock on track for best day in a year after results beat, analysts hike price targets

Shares of Yelp Inc. YELP, +26.65% are up 28% in Thursday morning trading, putting the stock on track for its largest single-day percentage gain in a y

 

Vaccinex shares slide 3% on their first day of trade

Shares of biotech Vaccinex Inc. VCNX, -5.17% slid 3% in their trading debut Thursday, after the company priced its initial public offering at the low

 

Roku stock on track for best day since November; KeyBanc ups target to $67

Shares of Roku Inc. ROKU, +21.31% are up 19.8% in Thursday trading after the company reported better-than-expected results and announced the launch of

 

Natural-gas futures turn negative after EIA inventory report

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural-gas stockpiles rose by 46 billion cubic feet for the we

 

Dropbox stock rallies ahead of earnings

Shares of Dropbox Inc. DBX, +9.13% are up 7.6% Thursday ahead of the company’s earnings report, which takes place after the bell. Analysts surveyed by

 

Microsoft’s stock gains again, heads toward longest win streak in nearly 3 years

Shares of Microsoft Corp. MSFT, +0.16% rose 0.5% in morning trade, putting them on track for an eighth-straight gain, as they approach the July 25 rec

 

Vaccinex prices IPO at $12, low end of price range

Biotech Vaccinex Inc. VCNX, -5.17% priced its initial public offering at $12 a share, the low end of its $12 to $15 price range, the company said Thur

 

U.S. stocks edge higher at open; S&P 500 within hair’s breadth from record

The S&P 500 traded near record levels early Thursday after U.S. stock-market indexes edged slightly higher at the open with investors choosing to focu

 

TiVo’s stock rallies as reiterating search for alterntives offsets revenue miss

Shares of TiVo Corp. TIVO, +1.65% rallied 4.5% in premarket trade Thursday, after the entertainment technology company missed second-quarter revenue e

 

Zynga stock falls after Barclays starts coverage with underweight rating

Shares of Zynga Inc. ZNGA, -2.28% are down 3.5% in premarket trading Thursday after Barclays analyst Ryan Gee initiated coverage of the stock with an

 




US Dollar Price Action Setups Ahead of US Inflation

The article accompanying this webinar, along with static charts are available at the following link: https://www.dailyfx.com/forex/video/live_events/2018/08/…

 

EUR/USD and GBP/USD Forecast August 10, 2018

The EUR/USD pair has fallen to very low levels to close out the session on Thursday. We are approaching major support, so it’ll be interesting to see if we c…

 

USD/JPY and AUD/USD Forecast August 10, 2018

The US dollar has been very noisy during Thursday trading session against the Japanese yen as we tested the ¥111 level. This area was previous resistance, an…

 

WTI Crude Oil and Natural Gas Forecast August 10, 2018

The WTI Crude Oil market was very noisy during trading on Thursday but did offer a bit of stability coming in at support. This is something that the market d…

 

S&P 500 and NASDAQ 100 Forecast August 10, 2018

The S&P 500 had a very quiet session during the trading session on Thursday as we continue to hover around the highs. This was an area that we had sold off f…

 

Bitcoin Forecast August 10, 2018

The bitcoin markets rallied a bit during the trading session on Thursday but did not overtake the selloff from the previous session on Wednesday. The $6000 l…

 

Further downside for sterling amid no-Brexit worries

As the pound slumps to an 11-month low, Mike Ingram, chief market strategist at WHIreland, said there’s not an immaterial chance of the UK crashing out of th…

 

Cheer Up

Adage:

Money can buy you Medicine…….But not Health

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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