Heads-up News 

Sydney Trading Session Heads Up Wednesday, December 5, 2018

Sydney opening news digest

Amazon Has Teed Up A Generation Of Conservative Electoral Success, And We Apparently Don’t Want It

The Republican right needs to do two things, and quick, if they are to seize on a generational opportunity for electoral success while reviving a principle tent of classical liberalism and market economics.

 

Big Retirement Losses If The Market Crashes Tomorrow

f the market falls like it did in 2008-2009, these 13 or so million older workers would lose conservatively over $20,000. And, they simply won’t have time to recover especially if a family member loses their job and they have to take Social Security early.

 

AT&T Tangoes With Key Trendline

AT&T shares have struggled on the charts, and a recent rally off notable lows sent the stock barreling into a historically bearish trendline.

 

It’s Not Too Late to Get This Franchisor At A Discount

Shares have fallen from their mid-September highs, which makes now a great time to buy this high-quality company at a discounted price.

 

5 Things That Will Influence Market Returns In 2019

There will be five critical drivers to market action in 2019. Here’s what it could all mean for your portfolio and why bonds could perform well in the New Year.

 

How Mutual Fund Investors Can Avoid A Tax Nightmare

The Wall Street Journal reports that some mutual funds are making huge distributions this year. For example, Wells Fargo says its Disciplined Small Cap Fund will distribute a whopping 47% of its assets on December 10. Here’s what mutual fund investors need to know to avoid a tax nightmare.

 

Sears’ Death Gives Life To Crisis-Era Derivatives Demons

The problem children of the Great Recession–Over-The-Counter (OTC) markets–were fixed, but now with Sears’ downward spiral, some derivative demons are again rearing their ugly heads, thus threatening OTC markets.

 

The EU Just Made A Push To Dislodge The Dollar From Energy Transactions

The European Commission today unveiled a strategy to challenge the United States in its currency dominance over global finance. But can the euro replace the dollar as the world’s transactional currency for energy?

 

A Closer Look At Target’s Valuation

Target (NYSE: TGT) has been overhauling its business model with the expansion of small-format stores, in addition to revamping its existing stores and improving supply chain management.

 

Snap Had A Tough 2018, Will Next Year Be Better?

2018 has been a difficult year for Snap Inc. , with the stock declining by close to 60% year-to-date amid concerns about user defections from the Snapchat app after the company redesigned the Snapchat app and also due to mounting competition from Facebook’s Instagram.

 

Is The Price Of Oil Bottoming? An Update On What 3 Price Charts Suggest

What price charts from 3 different time frames may reveal about the direction of the price of oil.

 




Why Altria Wants To Invest In Cannabis Company Cronos Group

Canadian marijuana company Cronos Group has seen its stock rally by close to 25% over the last two days, amid reports that Tobacco major Altria is in early-stage talks to invest in the company.

 

The Future Of Cancer Care: A 50 Minute Discussion At

The future of cancer therapy, an analysis of how Immunotherapy has improved oncology outcomes for patients. This year’s Forbes Summit highlighted both the difficulties, advancements and needs of the cancer care community in order to find the “cure” for cancer.

 

Expect A Kindler, Gentler OPEC To Support Oil Prices At Its Meeting Tomorrow

One year ago today, the January 2019 contract was trading at $54.80. Fast forward twelve months and adjust to the relevant contract and we see that today the January 2020 contract is trading at $54.89.

 

Revisiting 2008 When The Markets Were Dropping

The drop in 2008 reminds us of the value of timeless advice.

 

Warren Buffett’s Top 5 Holdings

Master investor embraces tech as he continues his love for financials and consumer staples

 

For Global Automakers, Mexico May Be Better Than Chattanooga

Will Trump agree to a trade truce with German automakers next?

 

Analysts See 10% Upside For The iShares Edge MSCI Min Vol USA ETF

For the iShares Edge MSCI Min Vol USA ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $61.56 per unit.

 

Will Cosmetic Changes To China Trade War Be Enough?

If Donald “Tariff Man” Trump thinks it’s good enough…then it is.

 

2 “Pullback-Proof” 5%+ Dividends You Must Buy Now

Right now, I’m betting you’d jump on a stock that pays a high dividend (I’m talking 5% and more here) and doesn’t sink with the market in a crash.

I have great news: today I’m going to reveal 2 such stocks.

 

The Brexit Trade: Buy FTSE 100 Or Sterling?

The old trade is no longer working and in the coming five days, the volatility for Sterling and for the FTSE 100 index is going to spike. There is an opportunity for investors who look for value stocks and traders who like volatility.

 

AUD/USD Carves Bearish Series, RSI Threatens Upward Trend

Recent price action in AUD/USD raises the risk for a further depreciation as the exchange rate carves a series of lower highs & lows.

 

Loonie Drifts Lower as Bank of Canada Stands Pat on Rates

The Canadian Dollar falls after the Bank of Canada holds overnight interest rates, references slowing global economic growth.

 




Gold Weekly Price Outlook: XAU/USD Challenges Critical Resistance

Gold prices are testing a key resistance barrier at the October highs. Here are the levels that matter on the XAU/USD weekly chart heading into

 

Chart Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price & More

Global stocks continue to look headed lower in days ahead, crude look to at least stabilize, while gold once again has a hurdle to try

 

USD/CAD Strength to Persist on Wait-and-See BoC

The Bank of Canada’s (BoC) last meeting for 2018 may do little to influence USD/CAD as the central bank is widely anticipated to keep the

 

DXY Index on the Edge Ahead of Quieter Trading Day

With the US observing a National Day of Mourning for the late President George H.W. Bush, financial markets will be closed.

 

Bitcoin, Ethereum, Ripple: Updated Charts and Prices | Webinar

The cryptocurrency market remains weak, and near 2018 lows, but a few coins may be oversold in the short-term.

 

CAD Outlook: BoC to Stand Pat, However, May Signal Concerns Over Oil Plunge

CAD Outlook: BoC to Stand Pat, However, May Signal Concerns Over Oil Plunge

 

Wall Street futures claim back some territory, DJIA creeps up to the 200-4hr SMA

Bulls dominated the futures markets and took some profits following the worst day since Oct.10 on Tuesday where the benchmarks the prior day of at lea

 

Gold Technical Analysis: Gold bulls optimistic above the 200-day simple moving average – $1,230.00/oz bear target

Gold daily chart

Gold broke above the 200-day simple moving average (SMA) which is considered bullish.
Technical indicators are bullish.
Wednesda

 

Bank of Canada hints at downward revisions to growth outlook – RBC CM

As widely expected, the Bank of Canada kept the key interest rate unchanged at 1.75%. Josh Nye, Senior Economist at RBC Capital Markets explained BoC

 

Metal market wrap: Gold gives back some profits, but risk sentiment on knife’s edge

While commodity markets were open, trade was somewhat thinner today; This was due to a holiday who died Nov. 30 at the age of 94, who is being honoure

 

EUR/USD looks to finish the day flat near 1.1340

Since the start of the week, the EUR/USD pair is having a difficult time making a decisive move in either direction and looks to close the day virtual

 

S&P500 Technical Analysis: Triple top can see the bears drive the market down to the 2,650.00 level

S&P500 daily chart

The S&P500 is trading in a bear trend below its 200-day simple moving average (SMA) as technical indicators are turning bearish.

 




JPY: Some modest appreciation expected over the medium-term – Wells Fargo

Analysts at Wells Fargo, expect a modest yen appreciation over the medium-term, although the pace of monetary tightening from other developed central

 

USD/MXN retreats after hitting weekly highs, consolidates around 20.50

The Mexican peso managed to erase losses against the US dollar late on Wednesday, remains under pressure. The USD/MXN rose to 20.61, hitting the highe

 

EUR/USD: Forecast at 1.23 by end-of-2019 – NBF

According to National Bank of Canada analyst, at some point investors will come to expect the end of Fed tightening and/or the start of policy normali

 

Brexit – You ain’t seen nothing yet – Standard Chartered

“On 11 December, the UK government will hold a ‘meaningful vote’ in parliament on its Brexit deal. As it stands, it looks as if it will lose the vote,

 

NZD/USD back below 50% Fibo, carving out fresh lows in thin trade headed in to early Asia

NZD/USD was at the mercy, once again, of external flows. The greenback has been a star performer on its own right, despite the collapse in US yields w

 

Fed’s Beige Book: Most districts reported wage growth tended to high side of modest-to-moderate pace

“Most of the twelve Federal Reserve Districts reported that their economies expanded at a modest or moderate pace from mid-October through late Novemb

 

Crude oil: Market’s cautious turn is overdone – UBS

In the forecast report for 2019, the Investment Research Team at UBS, estimates Brent crude oil (USD/bbl) at 80.0 is six months and at 75.0 in 12 mont

 

USD/CAD headed to highest daily close of the year above 1.33

After spending the majority of the day moving sideways in a tight range below the 1.33 handle, the USD/CAD pair gained traction during the NA session

 

European market wrap up: Brexit might not happen at all, FTSE plunges on troubled UK politics and shocking services data

European markets are still feeling the heat following a switch up in sentient surrounding global growth prospects and global trade relations. At the s

 

USD/CAD: To drop closer to 1.27 next year – NBF

National Bank of Canada analysts raised slightly near-term USD/CAD forecasts to reflect current risk aversion. They expect an appreciation of the Cana

 

EUR/USD Technical Analysis: Downside risk below 1.1360 level as bears are taking the lead

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA).
EUR/USD is currently trapped between the 1.1

 

US: Home sales and new home construction likely to continue to underperform – Wells Fargo

According to analysts from Wells Fargo, the persistent weakness in the housing sector is due to secular changes and noted, in home sales come at a tim

 




EUR/JPY recovers toward mid-128s, looks to close day higher following upbeat data

After losing more than 100 pips on Tuesday with the JPY gathering strength on flight-to-safety, the EUR/JPY pair staged a recovery and rose toward the

 

EUR/USD: Dollar’s advantage to recede – UBS

In the forecast report for 2019, the Investment Research Team at UBS, expect the greenback to retain its strength in the near term, but they think the

 

AUD/USD Technical Analysis: Aussie getting ready for the drop to 0.7200 figure

AUD/USD daily chart

AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA) as the market is dropping below the 0.7400 and

 

WTI whipsawed on OPEC expectations and possible lower liquidity

WTI has been a choppy play in North American trade on Wednesday ahead of the OPEC meeting in Vienna tomorrow.

Oil glut Background

As a quick prelude

 

Gold stays below $1240 as trading volume thins out

After gaining a total of $17 on Monday and Tuesday, the XAU/USD pair staged a technical correction today and retreated to $1233 in the day before reco

 

GBP/USD Technical Analysis: Traders are playing ping pong between 1.2700 and 1.2800 figures

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA).
GBP/USD is trading near 4-month’s lows.

 

Bank of Canada: A lot less hawkish statement – NBF

The Bank of Canada (BoC) left interest rate unchanged at 1.75%, as expected. According to National Bank of Canada’s analysts, Krishen Rangasamy and Pa

 

EUR/USD remains sideways between 1.1310 and 1.1360

The EUR/USD pair dropped to 1.1309, just below the lows of the previous two days and quickly rebounded, erasing losses. The pair continues to move sid

 

Oman OilMin: There is consensus for oil production cut

Oman’s oil minister Mohammed bin Hamad al-Rumhi recently crossed the wires saying that there was a consensus for an oil production cut, as reported by

 

Oil Technical Analysis: Black Gold challenging $54.00 a barrel

Oil 4-hour chart

Bulls took the 50 and 100 SMA as they are trading at monthly and weekly highs. 
Technical indicators are currently bullish sugges

 

Russia agrees to reduce oil output in tandem with OPEC & allies in 2019 – Reuters

Citing sources familiar with talks, Reuters reported that Russia has agreed to reduce its oil output in tandem with OPEC and its allies in 2019. “Deba

 

BoC: Doves come home to roost – TD Securities

“The Bank of Canada acknowledged recent weakness in the energy sector and delivered a dovish message in today’s communique,” TD Securities analysts no

 




Facebook’s PR head defended its anti-Soros effort, saying it was ‘completely legitimate’

Elliot Schrage, the social networking giant’s outgoing communications chief, said it was done in the interest of transparency and honesty.

 

For the first time, China confirmed major details about the Trump-Xi trade deal. It could only intensify the scramble over the next 90 days.

Confusion over the US-China trade deal and ineffective communication by the Trump team has left a lot of people worried.

 

Citigroup is expecting trading revenues to drop in the fourth quarter thanks to mayhem in the markets — and the firm may miss a key performance goal

Citigroup is expecting trading and investment banking revenues to dip in the fourth quarter, and the bank could miss a key efficiency target.

 

What you need to know on Wall Street today

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

 

Mark Zuckerberg once suggested that a Facebook user’s data was worth 10 cents a year

In 2012, Mark Zuckerberg suggested that Facebook developers pay something to the tune of $0.10 a year for access to data. Now, Zuck says, it was more about access to the platform.

 

A major pillar of China’s economy has passed the ‘tipping point’ and could slow further, analyst says | Markets Insider

China started a shanty town renovation program in 2015 in an effort to drive home sales in lower-tier cities, helping lift the country’s property values o…

 

IEX CEO Brad Katsuyama explains his pitch to lure companies away from Nasdaq and the New York Stock Exchange

Katsuyama founded IEX in 2012 as a new, more transparent exchange that aims to thwarts the advantages that predatory high frequency traders enjoy on incumbent exchanges.

 

Waymo has launched its commercial self-driving service in Phoenix — and it’s called ‘Waymo One’

Waymo has officially launched in commercial self-driving service in Phoenix. The service is called “Waymo One.”

 

Okta quarterly results, outlook top Wall Street view

Okta Inc. OKTA, -6.51% reported third-quarter results and forecast an outlook that topped Wall Street estimates late Wednesday, which may provide a bo

 

Lam Research CEO leaves amid misconduct investigation

Lam Research Corp. LRCX, -6.40% Chief Executive Martin Anstice resigned Wednesday amid an investigation into allegations of misconduct. Anstice will b

 

Transportation sector could weaken next year even if broader economy strengthens, Fitch says

The U.S. transportation sector could weaken next year, even if the broader economy strengthens, with protectionist trade policies, rising interest rat

 

Facebook’s Zuckerberg responds to data-use criticisms after U.K. parliament releases internal staff emails

Facebook Inc. FB, -2.24% Chief Executive Mark Zuckerberg commented on the company’s data-use policies on Wednesday, after a U.K. parliamentary committ

 




Canadian dollar tumbles to 6-month low after Bank of Canada sees oil price drop hurting energy sector

The Canadian dollar USDCAD, +0.7614% tumbled to its lowest level since early June against its U.S. rival on Wednesday, as the Bank of Canada acknowled

 

Curaleaf launches program to buy back up to $50 million worth of voting shares

Canada-based cannabis company Curaleaf Holdings Inc. CURLF, -13.60% said Wednesday it was launching a $50 million program to repurchase subordinated v

 

CVS Caremark to roll out new pricing model guaranteeing health plan clients 100% of drug rebates

CVS Health Corp. CVS, -0.77% announced Wednesday that CVS Caremark, its prescription benefit management (PBM) subsidiary, will be rolling out a new mo

 

OPEC oil production climbs in November, but Iran’s output declines: report

Oil production from the Organization of the Petroleum Exporting Countries rose by 40,000 barrels a day to 33.08 million barrels in November from a mon

 

Hawaiian Airlines cuts unit revenue outlook, as load factor decreased in November

Hawaiian Holdings Inc. HA, -3.33% subsidiary Hawaiian Airlines cut its fourth-quarter unit revenue guidance range, citing lower-than-expected market p

 

Namaste to launch branded cafe and H.E.A.L. food products

Canada-based cannabis company Namaste Technologies Inc. NXTTF, -4.30% N, -11.76% said Wednesday it plans to launch the Namaste Cafe retail brand conce

 

GlaxoSmithKline’s credit rating revised to negative at Moody’s after Tesaro buyout deal

The outlook on GlaxoSmithKline PLC’s GSK, -0.70% credit rating was revised to negative from stable at Moody’s Investors Service, which cited the drug

 

Brown-Forman’s net sales fall below expectations

Brown-Forman Corp. BF.B, -4.78% reported a surprise decline in fiscal second-quarter revenue, citing the negative impact of tariff-related inventory r

 

DailyFX: Key Themes & Trade Setups Ahead of NFP Report

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

 

Chart Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price & More

Global stocks continue to look headed lower in days ahead, crude look to at least stabilize, while gold once again has a hurdle to try and overcome. #dow #da…

 

Bitcoin, Ethereum, Ripple Webinar: Base Building or Sell-off Pending?

Another drift lower takes some cryptos into uncharted territory with no support levels visible. -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?su…

 

EUR/USD and GBP/USD Forecast December 6, 2018

The Euro initially fell during trading on Wednesday but turned around to show resiliency yet again. However, most of the American banks weren’t monitoring th…

 




USD/JPY and AUD/USD Forecast December 6, 2018

The US dollar bounced the nicely during the Wednesday session, as we had reached below the ¥113 level. This is a market that continues to find buyers underne…

 

WTI Crude Oil and Natural Gas Forecast December 6, 2018

The WTI Crude Oil market rallied again during the trading session on Wednesday but continues to struggle as we get close to the $55 level. That’s an area tha…

 

S&P 500 and NASDAQ 100 Forecast December 6, 2018

The stock market was of course closed during the Wednesday session in observance of the state funeral for George HW Bush. However, the futures market was ope…

 

Bitcoin Forecast December 6, 2018

Bitcoin markets fell again during the trading session on Wednesday, as we continue to see sellers jump in and punish the crypto currency markets. At this poi…

 

Metal Tiger looks to invest in copper, zinc and silver

Metal Tiger, an investor in mining companies, discusses opportunities that it is currently looking at. Chief executive officer (CEO), Michael McNeilly, and n…

 

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