Heads-up News 

Sydney Trading Session Heads Up Tuesday, May 15, 2018

Sydney opening news digest

Home Depot’s former CEO on trade tensions and the economy

Bob Nardelli, former CEO of Chrysler, Home Depot and GE, will weigh in on what the tariffs could mean for big companies on CNNMoney’s “Markets Now” on Wednesday.


10-year Treasury yield spikes, spooking the stock market

Here we go again: Treasury yields are spiking, and unsettling the stock market along the way.


Are Apple, Amazon and Facebook the future of banking?

Big Tech is experimenting with finance as a way to deepen relationships with customers and gain access to valuable insight into what Americans are spending money on.


China wants its top tech firms to bring their shares home

Beijing wants top tech companies like Alibaba and Tencent to list their shares on mainland Chinese markets.


Home Depot’s sluggish sales may be warning sign for housing

Home Deport reported sales growth that missed Wall Street’s forecasts. The company specifically cited a ‘slow start’ to spring as a problem. Bad weather did hurt sales. But rising mortgage rates might be a bigger problem going forward.


Get ready for higher gas prices and mortgages rates

The era of cheap loans, low prices and a soaring stock market may be coming to an end.


Air France-KLM hopes 3 CEOs can end its crisis

Air France-KLM has appointed a committee of three chiefs to navigate the airline out of a crisis that threatens financial disaster.


How High Can Pot Stock Canopy Growth Corp. Go?

July 1, 2018, Canada will become only the second nation in the world where recreational cannabis is legalized for the entire country. While the medical marijuana market was estimated to be $250 million in 2017, the addition of recreational cannabis is expected to increase potential market size…


A Quick Snapshot of Union Pacific Corp’s Industrial Freight Segment

Union Pacific Corp. (NYSE: UNP) generates its revenues primarily from various commodities freight, including agriculture, coal, and industrial…The Industrial Freight segment accounts for 20% of the company’s value, according to our estimates. This can be attributed to the expected steady growth…


What To Expect From Cisco’s Fiscal Third Quarter

Cisco is scheduled to report its Q3 fiscal 2018 earnings on May 16. In recent quarters, the company has reported stagnation in revenue growth, driven primarily by low product sales.


The Credit Cycle Signals That Recession Is Around the Corner

An asset’s value is what someone will pay for it. If financing costs rise and buyers lack cash, the asset price must fall. And fall it will.


This Is Shaping Up To Be A Good Week For China

China’s vice premier heads to Washington to talk trade. Consensus view has this trade war looking more like a trade spat.


Zcash Surges 50% After Winklevoss Twins List Token On Gemini

The price of privacy-oriented cryptocurrency Zcash has rallied over the last few days, climbing sharply after exchange Gemini announced that it would


Pet Tech Has Venture Capitalists Wagging Their Tails

By Nidhi Madhavan and Emily Fasold, with additional reporting by Heather West

Technology-focused companies in the US pet sector are receiving strong


Should You Buy FTSE 100 Giant Vodafone After This News?

Telecoms colossus Vodafone Group has slipped following latest trading details. Why? And should you snap up some shares in the business today?


Sum Up The Pieces: The iShares Russell Mid-Cap ETF Could Be Worth $233

For the iShares Russell Mid-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $232.79 per unit.


It’s Time To Wake Up The eSports Space With Blockchain

It’s time to pick up your gaming controller and move your character onto the blockchain, because the gaming space is drawing closer. In today’s digital age, eSports has awoken from its slumber, bringing new platforms and genres of gaming to old and new demographics.


EUR/USD Rate Outlook Hinges on Fed, ECB Comments as Rebound Falters

EUR/USD is back under pressure, with the pair facing a renewed risk of making a run at the December-low (1.1718) as the bearish momentum appears


US Dollar Index (DXY) Forecast: Recent Strength A Long-Term Reversion?

When a big move happens in markets, it’s often hard to make sense of it. That’s when traders can benefit from looking to longer-term charts


S&P 500: Bounce Off 2700 Likely

The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.


EURUSD: Reversal May Help Euro Climb Above 1.186

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


USDJPY: Above 110.30 Price on Bullish Sentiment

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


Gold Price: Trades Sub-1300 with Bearish Bias

The combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.


GBP/USD Range Snaps, RSI Remains Extreme Ahead of BoE, FOMC Rhetoric

GBP/USD snaps the range from the previous week, with fresh comments from BoE and Fed officials likely to influence the exchange rate over the coming


GBPUSD: Price Tests 1.3500 with Bearish Bias

The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.


US Dollar Pacing to Fresh Yearly Highs as US Yields Jump

With the US Treasury 10-year yield at its highest level since July 2011, the DXY Index has hit a fresh high for 2018.


USD/JPY Rate Forecast: US Yields Pave the Way for Move Above 110

The Japanese Yen fell below 110 JPY per USD on Tuesday after US bond yields broke higher as the US yield curve steepened helping clarify


UPDATE 2: Close Short GBPUSD Position to Lock in Profit

Now would be a good time to close the position and take the profits made since my recommendation on April 26 to sell GBPUSD.


US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011

US AM Digest: USD Surges as 10yr Treasury Yield Hits Highest Level Since 2011


Bitcoin: Sub-9K Level Holds Based on Sentiment

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


USDJPY Rallies Above 110.20 Following Upward Revisions to Retail Sales

Retail sales may have come in close to expectations for April but traders are mostly considering March’s revisions.


Trading Outlook for Gold Price, Crude Oil, DAX, S&P 500, and More

In this session, we checked in on several major markets and the technical/trading outlook; gold range, oil still bullish, indices bullish but lack conviction.


Market Sentiment Improves But Still Held Back By Concerns About Trade

Confidence is returning to the financial markets but worries about global trade are preventing a full recovery in risk sentiment.


Las Vegas Money Show Crossing Wall Street

I’m at the Money Show in Las Vegas. If you’re around, please come by to say hi. I’ll try to be around the AdvisorShares booth for much of the day.



Angry nurses want Mark Zuckerberg’s name removed from a San Francisco hospital

Nurses are furious following Facebook’s months of scandal, and one suggests the hospital could be renamed after a legendary civil rights activist and drag queen


Google and Facebook will be big winners if casinos ‘scorch the earth’ on marketing after the federal ban on sports betting was overturned (FB, GOOGL) | Markets Insider

The Supreme Court’s ruling that a nationwide ban on sports betting is unconstitutional could mean added advertising dollars to Google and Facebook. …


Coinbase just rolled out 4 new crypto trading tools, and they offer a big clue to where the platform might be headed next

Coinbase is laser-focused on snagging investments from big financial institutions.


The 26 most valuable private tech companies in the world

Of the 30 most valuable VC-backed companies in the world, 26 of them are technology companies. Of those 26, five are in the ride-hailing industry and only four


MORGAN STANLEY: The data center market is getting a huge boost, thanks to big cloud spending from Amazon and Facebook

BI PRIME: Cloud capital expenditures are growing at some of the biggest companies in tech, and spending it set to grow 13 points faster in 2018 than it did in 2


The rise of Angela Ahrendts, from a small town in Indiana to becoming the highest-paid executive at Apple

Angela Ahrendts has served as Apple’s head of retail for the last four years, but she didn’t always work in tech. In fact, before joining Apple, she served as B


Snap sinks to record low as it struggles to rebound from its disastrous redesign (SNAP) | Markets Insider

Shares of Snap sank more than 4% Tuesday, briefly matching their all-time low price of $10.51, set on May 3. 
The company, which owns Snapchat, has n…


A ‘self-fulfilling prophecy’ is making the housing market more hellish for first-time buyers

The share of people who cite rising home prices as the reason why it’s a good time to buy is at the highest level of the survey’s history, going back to the lat


What you need to know on Wall Street today

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


An effort to boost the economy that was once seen as radical is about to get a fair hearing at the Fed

The Federal Reserve is actively considering alternatives to its inflation targeting framework, whose success has been questioned after years of chronically unde


CRYPTO INSIDER: We got Gilfoyle’s ICO deck from ‘Silicon Valley’ | Markets Insider

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this emai…


Stocks slide as the 10-year hits its highest level in 7 years | Markets Insider

The release of strong economic data pushed the 10-year-yield higher. 
In response, the broader US stock market, oil prices, and gold prices slid.&nb…


The US, Canada, and Mexico appear doomed to miss a key deadline for their massive trade deal

House Speaker Paul Ryan set a May 17 deadline for the Trump administration to send a NAFTA deal to Congress. Given the large number of major issues outstanding


Gold tumbles below $1,300 for the first time this year | Markets Insider

Gold prices were down nearly 1.5% Tuesday morning.
Selling of the yellow metal followed stronger-than-expected economic data.
Tuesday’s slide pushed gold …


Facebook is slipping after announcing it disabled more 583 million fake accounts (FB) | Markets Insider

Facebook is sliding Tuesday, after the company announced it shut down 583 million fake accounts in the past three months. 
Facebook has made an effor…


Tesla is falling for a 4th straight day (TSLA) | Markets Insider

Tesla has slumped more than 5% amid its four-day losing streak.
A Tesla operating on Autopilot crashed late last week.
The company recently announced shak…


BARCLAYS: Deutsche Bank will ‘continue losing market share and struggle to achieve its cost cutting targets’

Barclays has begun coverage of Deutsche Bank’s stock with a highly bearish note. Analyst Amit Goel initiated coverage in a note sent to clients on Monday rating


The 10-year hits its highest level in 7 years | Markets Insider

The 10-year yield hit its highest level since July 2011 after solid economic data. 
The yield spike coincides with the mounting speculation that the …


The owner of MoviePass is sliding after its CEO says it won’t need cash for 17 months (HMNY) | Markets Insider

MoviePass owner Helios & Matheson Analytics (HMNY) CEO Ted Farnsworth told Variety his company has enough cash for 17 months. 
The comments come …


Dow breaks 8-day winning streak

U.S. equity markets closed solidly lower on Tuesday with the Dow industrials halting their eight-day advance. The selling on Wall Street was accompani


Julian Robertson’s Tiger hedge fund added Twitter stake, doubled up on Facebook during the first quarter

Billionaire investor Julian Robertson’s hedge fund, Tiger Global Management LLC, bought a new 9.5 million share stake in Twitter Inc. TWTR, -1.92% dur


Tesla to halt production line again, report says

Tesla Inc. TSLA, -2.67% shares declined in afternoon trading Tuesday after a report that the company is preparing to halt its main automotive producti


Oil prices end modestly higher amid Middle East tensions

U.S. oil settled higher Tuesday as tensions in the Middle East helped to extend gains in crude futures. West Texas Intermediate crude for June deliver


Wall Street’s ‘fear index’ has biggest one-day jump in five weeks

The Cboe Volatility index jumped on Tuesday, moving higher as U.S. stock-market indexes saw one of their biggest daily declines in weeks. The VIX VIX,


Gold futures drop to lowest settlement of the year

Gold dropped Tuesday to mark its lowest futures settlement since December, as a rally in the benchmark U.S. dollar index and a sharp rise in U.S. Trea


Fed’s Williams defines neutral short-term interest rate as 2.5%

The neutral level of short-term interest rates that is neither boosting nor retarding the U.S. economy is 2.5%, said San Francisco Fed President John


Dow drops 240 points in midday trade, gives up 2018 gains as rising rates spook Wall Street

The Dow Jones Industrial Average relinquished its hold on a modest year-to-date gain for 2018 in midday trade Tuesday, as blue chips retreated sharply


Boeing’s stock cuts intraday loss after WTO’s ‘landmark’ ruling on EU subsidies to Airbus

Shares of Boeing Co. BA, -0.72% bounced in midday trade Tuesday, to cut its intraday losses in half, after the aerospace giant called the World Trade


Author Tom Wolfe is dead at 88

The author Tom Wolfe, an exponent of the so-called New Journalism movement and author of such best-selling and influential books as “The Right Stuff,”


Apple services growth will likely decelerate later this year, says Bernstein

Bernstein analyst Toni Sacconaghi weighed in Tuesday on Apple Inc.’s AAPL, -0.91% services business, which helped buoy results in the latest quarter e


U.S. Treasury sanctions head of Iran’s central bank

The U.S. Treasury on Tuesday imposed sanctions on the governor and a senior official of the Central Bank of Iran, as well as an Iraq-based bank and it


Gold threatens worst day in more than a year as rates jolt higher, metal skids to 7-month low

Gold futures early Tuesday were facing the worst one-day drop since mid December of 2016, dragging the commodity to lows not seen in more than seven m


Pluralisight raises expected IPO pricing range, could now raise up to $290 million

Pluralsight PS, +0.00% raised the expected pricing range of its initial public offering, with the online education company now in line to raise up to


Facebook details spam, fake user efforts

Facebook Inc. FB, -1.24% on Tuesday published a blog post with its “enforcement numbers” and detailed its actions to remove content that violated its


Dallas Fed’s Kaplan: More concerned with shape of curve than 10-year yield

Dallas Federal Reserve Bank President Robert Kaplan on Tuesday said he wasn’t concerned with the rise in the yield on the 10-year Treasury note TMUBMU


All 11 S&P 500 sectors trade firmly lower as government bond yields pop, in early trade

All 11 sectors of the S&P 500 index were in the red early Tuesday, as the markets reacted to a resurgence of rate in Treasurys. The S&P 500 index was


Target launching revamped men’s grooming sections in 11 stores

Target Corp. TGT, +1.11% said Tuesday that it is launching a new men’s grooming section that will include new products and services in 11 stores. The


Dow drops 200 points, on track to log worst day in 3 weeks as 10-year yield jumps to 7-year peak

The Dow Jones Industrial Average early Tuesday fell by about 200 points, with investors rattled by over rising borrowing costs. The Dow DJIA, -0.78% m


Tesla stock falls after Morgan Stanley cuts price target, says Model 3 production issues could signal long-term margin woes

Shares of Tesla Inc. TSLA, -2.67% are down 2.9% after Morgan Stanley analyst Adam Jonas lowered his price target to $291 from $376. Tesla shares recen


Tyson to pay $850 million on poultry rendering assets, to recycle more animal products

Tyson Foods Inc. TSN, -0.50% said Tuesday it has agreed to buy the poultry rendering and blending assets of American Proteins Inc. and Ampro Products


U.S. stocks open lower, Dow poised to end eight-day rally

U.S. stocks opened lower on Tuesday, with major indexes on track to end a lengthy streak of gains as bond yields jumped to a multiyear high. The Dow J


Chipotle to host special mid-quarter call on June 27

Chipotle Mexican Grill Inc. CMG, +0.35% said Tuesday that it will host a special mid-quarter investor call on June 25 at 4:15 pm ET. The purpose of th


Gold tumbles below key trend line for first time in 7 months after data, as 10-year yield punches above 3%

Gold futures early Tuesday in New York broke sharply lower, flirting with a seven-month low following economic reports on retail sales and manufacturi


Apple stock falls after CEO Tim Cook speaks on tariffs, Apple Music

Apple Inc. AAPL, -0.91% Chief Executive Tim Cook said in a recent Bloomberg TV interview that he told President Donald Trump that tariffs “were not th


10-year Treasury yield climbs to 2011 high on retail sales

Treasury yields surged on early Tuesday after the strong retail sales figures pushed the 10-year rate to its highest since June 2011, according to Tra


Target Restock expands nationwide with reduced delivery cost

Target Corp. TGT, +1.11% said Tuesday that its Target Restock next-day delivery service for household essential items has expanded nationwide. The del


Micron stock gains after Stifel raises target to Street-high $101

Shares of Micron Technology Inc. MU, +1.91% are up 1.5% in premarket trading Tuesday after Stifel analyst Kevin Cassidy raised his price target on the


Ford’s stock falls after analyst downgrade on concerns over revenue drivers

Shares of Ford Motor Co. F, +0.36% fell 0.5% in premarket trade Tuesday, after the automaker was downgraded at Piper Jaffray, which cited concerns ove


Symantec stock gains after Jefferies ends bearish call

Shares of Symantec Corp. SYMC, +4.35% are up 2% in premarket trading after the cybersecurity company issued an update to address its recently disclose


Market Sentiment Improves But Still Held Back By Concerns About Trade

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…


S&P 500 and NASDAQ 100 Forecast May 16, 2018

The S&P 500 break down a bit during the day on Tuesday, reaching down towards the 2700 level. We break down below the bottom of the shooting star for the Mon…


WTI Crude Oil and Natural Gas Forecast May 16, 2018

The WTI Crude Oil market had a volatile session during trading on Tuesday, initially trying to go higher but finding enough resistance at the $72 level to tu…


Bitcoin Forecast May 16

Bitcoin markets initially trying to rally during the day on Tuesday but found the $9000 region to be a bit too resistive. We pulled back just a bit though, a…


EUR/USD and GBP/USD Forecast May 16, 2018

The Euro broke down significantly against the US dollar during the day on Tuesday, as the 10-year yield reached above the vital 3.06% level. Ultimately, this…


USD/JPY and AUD/USD Forecast May 16, 2018

The US dollar has rallied significantly during the day on Tuesday, breaking above the psychologically important ¥110 level. The 200-day moving average is jus…


ملخص اسواق العملات ليوم الثلاثاء 15/05/2018 من موقع ديلي فوركس

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


Miton’s CEO sees opportunities for M&A

David Barron, Miton Group, tells IGTV’s Victoria Scholar he is open to M&A and that passive management is here to stay. Barron also explains what’s driving i…


Cheer Up


If they made a movie about my current portfolio, I think it would be called ‘Gone With The Wind II.’


Image courtesy: www.profitf.com

Have a nice trading!

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