Heads-up News 

Sydney Trading Session Heads Up Wednesday, July 11, 2018

Sydney opening news digest

Mohamed El-Erian explains the big risks investors face

The markets are no longer swinging wildly, but there’s still a lot of risk in stocks, Allianz Chief Economic Adviser Mohamed El-Erian says.

 

Papa John’s founder apologizes for using N-word on conference call

“Simply stated, racism has no place in our society,” Papa John’s founder John Schnatter said in a statement.

 

Why the Dow is getting left in the dust

Concerns about a recession-inducing trade war have caused the Dow to seriously trail rival US market indexes.

 

Trade war fallout: Soybean prices plunge to a 10-year low

The escalating US-China trade conflict is hurting farmers.

 

Tim Hortons is moving into China

The coffee chain, owned by Burger King’s parent, will open more than 1,500 restaurants in China over the next decade. Burger King already has a presence in China. So does McDonald’s — and Tim Hortons rival Starbucks.

 

Foreign investment in the United States plunged 32% in 2017

US companies are getting less money from abroad, for a bunch of reasons.

 

Oprah expands her food empire

Oprah Winfrey is investing in the wellness food chain True Food Kitchen investment.

 

Delta Earnings Preview: Increased Costs To Weigh On Bottom Line

Delta Air Lines (NYSE:DAL) is all set to report earnings for Q2 on July 12. So far in the year, the company has managed to post good top line figures. In fact, revenues in Q1 represented the highest sales figure ever recorded in any of the previous March quarters. Additionally, the company saw its..

 

How Much Can The eSports Market Grow In 2018?

The eSports industry has grown at a tremendous pace over the past few years. Per a report from Newzoo, total eSports revenue jumped from $493 million in 2016 to $655 million in 2017, and we estimate that total revenue could exceed $900 million in 2018.

 

U.S. Companies In China Losing Patience, Tell Trump ‘Enough Is Enough’

That’s what U.S. corporations are telling the Trump administration on Wednesday following a proposed 10% tariff on $200 billion of Made in China goods

 

North American Beverage Improves In The Second Quarter For PepsiCo

PepsiCo (NYSE:PEP) was able to beat consensus expectations on both revenue and earnings in the second quarter, helped by the strength in the snacks business. A shift away from sugary drinks has resulted in weakness in the North American beverage business, which continued in the quarter, although…

 




Goldman’s Equity Underwriting Fees For Q2 Likely To Exceed $500 Million

Goldman Sachs put up an exceptionally strong showing in the global equity capital markets over Q2 to capture a market share in excess of 10% for the period – making it the best performance by the investment bank in three years.

 

Strong Equity Capital Market Activity Boosts Underwriting Fees For Investment Banks In Q2

Global equity capital markets built on the strong start this year to report another upbeat quarter in Q2 2018, with companies around the globe raising nearly $203 billion in fresh capital through IPOs and FPOs for the second quarter according to quarterly data published by Thomson Reuters.

 

Wall Street Buffeted By Trade Fears, But Earnings Optimism Provides Counterpoint

Wall Street appears pulled in two directions, with trade worries dampening sentiment but expectations about corporate earnings providing some optimism.

 

Earnings Preview: What To Expect From Wells Fargo On Friday

Wells Fargo is expected to report $1.12/share on $21.54 billion in revenue. Meanwhile, the so-called Whisper number is $1.16.

 

Chinese Companies Lead The 2018 Global 2000 Growth Champions List

Chinese companies account for seven of the top 10 — and all of the top five — on Forbes’ 2018 Growth Champions list.

 

Earnings Preview: What To Expect From Citigroup On Friday

Citigroup is expected to earn $1.56/share on $18.58 billion in revenue. Meanwhile, the so-called Whisper number is $1.62.

 

Forget The Trade War: These 3 Cash-Rich Stocks Win No Matter What

My best advice for you today is this: ignore the breathless trade-war panicking and focus on one thing: cash.

 

Personal Loans Now Fastest Growing Consumer Debt

Personal loans have reached a record high. Here’s what it means for you.

 

An Inverted Yield Curve Portends A Recession, But Guess What? Stocks Keep Climbing

An inverted yield curve, where short rates are higher than long ones, is a solid recession predicter. But get this: Stock market run-ups historically kick in after the inversion.

 

A Non-FTSE 100 Dividend Stock Yielding More Than 9% That I’d Buy Today

This growth stock yielding in excess of 9% over the next couple of years is good to miss.

 

USD/JPY Jumps above 3 Yr Trendline, 112 on Strong US Inflation Data

For the first time since the opening weeks of 2018, USD/JPY has broken above 112, and the underlying trend may be taking this pair to

 

NATO Meeting Ends With US Allies Promise to Reach Spending Target

In a nod to recent criticism by US President Trump, the long-standing NATO military alliance issued a statement expressing commitment to reach spending targets.

 




Gold Prices Carve Fresh Bearish Sequence After Posting July-High

The recent rebound in the price of gold continues to unravel, with bullion at risk for a further losses as it carves a fresh series

 

DXY Index Surge Comes as Chinese Yuan Plunges

The US Dollar is having its best day since June 27.

 

Weekly Technical Perspective on the Crude Oil Prices

Crude has turned from up-trend resistance and leaves the broader rally at risk near-term. Here are the key price levels that matter on the Crude

 

Dow Pulls Back to Support After Bullish Break to Three-Week Highs

US stocks broke-out to fresh highs after last week’s NFP report, but have since pulled back as the threat of trade wars has continued to

 

S&P 500: Bears Get Aggressive Ahead Of This Weeks Key Earnings Reports

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian

 

Weekly Technical Perspective on the Euro (EUR/USD)

Euro is challenging the June rebound and will need to hold nearby support to keep the rally viable. Here are the price levels that matter

 

NZDUSD May Rally as Retail Traders Increase Their Short Positions

Our trading forecasts for Q3 have just been published; you can find them here.

And check out the IG Client Sentiment data to help you trade profitabl

 

Bank of Canada Hikes Interest Rate to 1.50%, CAD Climbs in Response

The Bank of Canada announced they will hike the official cash rate 25bps, moving the interest rate to 1.50%.

 

AUD/USD Rebound Unravels as China Pledges to Retaliate to U.S. Tariffs

Recent price action in AUD/USD raises the risk for further losses as the exchange rate snaps the series of higher highs & lows from the

 

US Dollar Drops Back to Lows; USD/CAD Support Bounce After BoC Hike

The Bank of Canada hiked rates this morning for the fourth time since last June; and another 3-4 appear to be on the way by

 

Bitcoin, Ripple, Ether, Litecoin: Support Turning to Resistance | Webinar

The cryptocurrency market continues to give back recent gains with previous support levels now turning into resistance – will this trend continue?

 




US AM Digest: AUD Dented by Trade War, EUR up on ECB Sources

US AM Digest: AUD Dented by Trade War, EUR up on ECB Sources

 

Bank of Canada (BoC) Preview: Dovish Rate Hike to Fuel USD/CAD Rebound

A dovish Bank of Canada (BoC) rate-hike may produce a bearish reaction in the Canadian dollar as the central bank remains in no rush to

 

Trading Outlook for EUR/USD, USD/JPY, CHF/JPY, Gold Price, DAX & More

Today, we looked at a few USD charts, USD/JPY and CHF/JPY readying for moves, gold could be posting a higher low soon, while the DAX

 

Stopped-out of USD/JPY short – TDS

Analysts at TD Securities explained that they closed their USD/JPY short in our FX Model Portfolio after the stop-loss was triggered for a loss of ~2.

 

Global snapshot: risk sentiment was shaky overnight – ANZ

Analysts at ANZ explained that risk sentiment was shaky overnight, with trade tensions gathering steam. 

Key Quotes:

“Global equities fell with decl

 

AUD/USD Technical Analysis: Aussie below 0.7400 sees worst daily decline since mid-June

AUD/USD 15-minute chart 

Spot rate:                0.7364

Relative change:     -1.26%     

High:                       0.7462

Low:

 

Gold falls to 1-week lows, eyes 2018 lows

A rally of the US dollar across the board sent gold prices to the downside. The ounce was moving sideways around $1,250/oz and broke lower during the

 

USD/JPY Technical Analysis: Mission accomplished as bulls reach 112.05 resistance

USD/JPY 15-minute chart 

Spot rate:                 112.01

Relative change:       0.90%     

High:                        112.19

Low:

 

GBP/USD in a minor correction to 200-hr SMA as dollar’s advance runs out of steam

GBP/USD is stabalising on the 1.32 handle after meeting a recent low of 1.3200 on broad dollar strength as the NY session goes by. Currently, GBP/USD

 

WTI crash lands at the 50-D SMA at $69.03, down from the $73 handle

WTI is trading on the backfoot on broad-based dollar strength and as a report showing the biggest weekly drop in domestic crude supplies in nearly two

 

BoC: Pace of hikes to slow on trade risks – Wells Fargo

The Bank of Canada, as expected, rose today the key rate to 1.50%. According to analysts from Wells Fargo, the pace of hikes is likely to slow ahead a

 

USD/CAD surges to 1.32, so much for a BoC rate hike…

After dropping down to 1.3060 with the initial reaction to the BoC’s rate hike decision and its relatively hawkish tone in the policy statement, the U

 




US: CPI to rise 0.2% in June, unlikely to sway Fed views to the more hawkish side – TDS

Analysts at TDS, expect a reading for US June CPI of 0.2% m/m. They see risks as skewed to the downside following the PPI…
Key Quotes: 

“We e

 

The BoC leaves the door open for further policy normalization – NBF

Analysts at NBF explained that the central bank’s decision to raise rates was largely expected by markets. 

Key Quotes:

“The economy is at capacity,

 

EUR/USD extends slide, hits 6-day lows

The EUR/USD pair dropped further and broke below 1.1700. It bottomed at 1.1670, the lowest level since last Thursday. From day’s top lost 90…

 

EUR/USD Technical Analysis: EUR/USD bears breaking to new weekly lows below 1.1700 figure

EUR/USD 15-minute chart 

Spot rate:              1.1677

Relative change:   -0.56%  

High:                     1.1760

Low:

 

AUD/USD Review: bears fully back in charge into descending channel

AUD/USD is currently trading at 0.7375 having made a high of 0.7437 and a low of 0.7373, weighed by the US raising the stakes in the trade dispute wit

 

USD/JPY touches 112 for the first time since Jan. as DXY rallies to mid-94s

The USD/JPY pair is staging a robust rally in the NA session despite the weak risk appetite, which generally increases the demand for traditional safe

 

GBP/USD Technical Analysis: Cable trading near daily lows, bears eyeing 1.3200 figure

GBP/USD 15-minute chart 

Spot rate:               1.3214

Relative change:    -0.46%     

High:                      1.3286

Low:

 

BoC: press conference was more dovish than the statement – Rabobank

Analysts at Rabobank explained that the Bank of Canada raised the policy rate 25bp to 1.50% as was widely expected.

Key Quotes:

“The Bank maintained

 

Crude Oil WTI Technical Analysis: Bears take over, WTI en route to worst daily close since mid-June

Crude oil WTI 15-minute chart 

Spot rate:                      72.41

Relative change:           -2.19%     

High:                             74.

 

BoC’s Poloz: In case of auto tariffs, we’d have to see what room there would be to buffer the impact of inflation

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from

 

Global outlook less bright, after strong first half – Wells Fargo

Analysts from Wells Fargo, point out that the economic global outlook weakened during the last months. They noted a decline in export growth even befo

 

USD/JPY clearing key technical resistance, eyes on fibos at 112.22/33

USD/JPY rallied to the highest level since January 12th on the last hourly stick, breaking through May’s 111.39 high, into a very congested area where

 




USD/JPY Technical Analysis: USD/JPY blasting to 6-month high above 111.50 level

USD/JPY 15-minute chart

Spot rate:                 111.51

Relative change:       0.46%     

High:                        111.65

Low:

 

BoC’s Poloz: Don’t interpret the flattening of the yield curve as a warning sign

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from

 

BoC’s Poloz: None of our monetary policy is in response to rate hikes by the Fed

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from

 

Atlanta Fed revises Q2 2018 GDP growth forecast up to 3.9%

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.9 percent on July 11, up from 3.8

 

EUR/USD retreats as US dollar gains momentum, back near 1.1700

The EUR/USD pair peaked earlier at 1.1758 following a report about when the ECB might raise rates in 2019 but then lost strength and…

 

BoC’s Poloz: We don’t know yet the answer to whether stimulus is still needed

Following the Bank of Canada’s decision to raise the overnight rate target to 1.5%, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. W

 

USD/CAD Technical Analysis: USD/CAD recovering losses trading near 1.3155 level

USD/CAD 15-minute chart 

Spot rate:                   1.3153

Relative change:        0.27% 

High:                          1.3176

Low:

 

BoC’s Poloz: Not really seeing any misunderstandings with bank’s message to market

Following the Bank of Canada’s decision to raise the overnight rate target to 1.5%, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. W

 

BoC’s Poloz: In case of further trade tariffs, the economy would slow, inflation would rise

Following the Bank of Canada’s decision to raise the overnight rate target to 1.5%, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. W

 

New tariff announcement weigh on AUD; USD holds in positive territory

The USD recovers some of the lost ground, after its fall from the highs attained towards the end of June. On Tuesday the Trump administration announced tariffs of 10% on $200 billion worth of chinese imported goods, the mentioned tariffs are expected in 2 months time.

 

Netflix has hit a speed bump with original series and movies, and it could spell bad news for investors

BI PRIME: Netflix released few Original series in its most recent quarter. That could be bad news for investors, says Wedbush’s Michael Pachter.

 

Stocks fall as Trump escalates trade war with China | Markets Insider

Global stocks slumped Wednesday after the US and China threatened to impose hundreds of billions of dollars worth of tariffs on each other, escalating a tr…

 




7 things we learned about Apple’s self-driving car project from the explosive FBI investigation into stolen trade secrets

The former Apple employee faces up to 10 years in prison and a $250,000 fine if he’s found guilty of the federal felony of theft of trade secrets from Apple.

 

‘Racism has no place in our society’: Papa John’s founder apologizes for using the N-word in a conference call

Papa John’s founder and ex-CEO John Schnatter admitted to using the N-word during a conference call, following a report on the incident by Forbes. “Regardless of the context, I apologize. Simply stated, racism has no place in our society,” Schnatter said in a statement.

 

Trump wants to hit another $200 billion worth of Chinese imports with tariffs — here’s what could get slammed

The list of $200 billion worth of Chinese goods that could be subject to President Donald Trump’s new 10% tariff is huge. The items include tuna, tomatoes, wood doors, boats, soap, antiques, and more.

 

An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009

Jeffrey Wernick is an angel investor whose portfolio includes Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it the year it was created. Wernick believes the value bitcoin comes from its ability to solve the biggest problems with fiat money.

 

The 2026 World Cup is an ‘open goal for Adidas’ that’ll help close its gap with Nike | Markets Insider

Adidas isn’t quite as prolific as Nike in the total global sportswear market.
The 2026 World Cup will be hosted in the US, Mexico, and Canada, and th…

 

Facebook and Uber both launched ad blitzes to apologize for their scandals, but the results were very different

Uber and Facebook have both had complicated relationships with consumers in the last couple of years, following a string of scandals that put their respective companies in a bad light. Each one executed an apology campaign complete with TV commercials — but how effective was this strategy, really?

 

Trump has access to a little-used tool that could lower oil prices | Markets Insider

President Donald Trump has repeatedly expressed concerns about energy costs.
Rising gas prices could create a political headache for Republicans ahead of …

 

What you need to know on Wall Street today

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

 

UBS analyzed the emotion in 118,000 earnings calls — and the results suggest great news for stocks this earnings season

BI PRIME: A stark change in how a company’s executives discuss its finances can have a big impact on the stock’s price. UBS analyzed more than 300 million words in hundreds of thousands of earnings calls to see how management’s emotions correlate to changes in its stock price.

 

A Morgan Stanley broker whose star-studded clients include Elon Musk and Katy Perry has left after sexual-harassment allegations at his branches

A Morgan Stanley broker who ran Los Angeles-area branches is out amid a number of sexual-harassment claims at branches he managed, the Journal reported…

 

Here’s how much you would have made investing $1,000 in Facebook, Amazon, Netflix and 19 other major companies back in the day

Using historical price data from Yahoo Finance, we took a look at how an early investment in 22 big-name companies — including Facebook, Amazon, Walmart, and Netflix — would have turned out over the years.

 

Alphabet says 2 of its ambitious side projects are ready for the big leagues

Alphabet’s X continues to take big ideas and turn them into independent pursuits. Wing seeks to develop a drone-delivery system, and Loon relies on high-flying balloons to deliver internet access. Both are now separate companies operating under the Alphabet umbrella.

 




The owner of MoviePass just touched a new low (HMNY) | Markets Insider

MoviePass parent Helios & Matheson hit a new low on Wednesday.
The company has seen its total shares outstanding soar by3,429% since August.&nbs…

 

A 2nd person has been charged with manipulating Fitbit’s stock price by announcing a fake acquisition offer

The US Securities and Exchange Commission filed fraud charges against a second person in connection with an alleged manipulation of Fitbit’s stock price. In November 2016, a nonexistent company called ABM Capital filed a takeover offer for Fitbit on Edgar.

 

The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5% | Markets Insider

The Bank of Canada on Wednesday raised its key rate by 25 basis points, to 1.5%.
It marked the fourth rate hike since last summer.
Follow the Canadian dol…

 

Salesforce ups its AI game with a customer service bot that decides when to give customers a good deal

BI Prime: The latest roll-out of Salesforce Einstein estimates which customers are more likely to buy when getting up-sold, and which ones need a discounted rate to stick around.

 

CA Inc. shares jump 15% on report of Broadcom buyout plan

CA Inc. CA, +0.16% shares jumped in the extended session Wednesday following a report that Broadcom Inc. AVGO, -2.84% extended a buyout offer to the I

 

GoPro says it has sold 30 million HD Hero cameras since launch

GoPro Inc. GPRO, -7.70% said late Wednesday that it had sold 30 million Hero cameras and 4 million Hero5 Black cameras. GoPro stock is up 2.7% after h

 

Stocks drop on heightened trade concerns; indexes end four-day winning streak

U.S. stocks fell in a broad decline on Wednesday after the Trump administration announced new tariffs on Chinese goods, further escalating tensions be

 

High-level trade talks between U.S. and China break down: report

Trade talks between the U.S. and China have recently halted after three rounds of negotiations amid mounting tensions between the two largest economie

 

Salesforce stock hits records after analyst price target hikes

Salesforce.com Inc. CRM, +1.97% shares rallied to an all-time high Wednesday and were on track for their highest close ever following a round of price

 

U.S. oil prices lose 5%, drop back toward $70 a barrel

U.S. oil prices dropped back toward $70 a barrel on Wednesday, losing 5% to finish at their lowest in over two weeks. The Energy Information Administr

 

Gold prices down 0.9%; copper settles at a nearly 1-year low

Gold futures fell Wednesday, settling at their lowest in more than a week, as rising trade tensions between the U.S. and China contributed to a drop i

 

Disney to air Blizzard’s Overwatch League eports championships in prime time

Walt Disney Co. DIS, +1.90% and Activision Blizzard Inc. ATVI, +3.18% have inked a deal that will bring the popular team shooter Overwatch League to s

 




Twitter is removing ‘locked accounts but says it won’t hurt key metrics

Twitter Inc. TWTR, +0.27% said Wednesday it is removing ‘locked’ accounts from its platform as part of a broader effort to build trust with users. In

 

Tesla employee fired and sued by Elon Musk takes dispute to SEC: report

The Tesla employee who has been engaged in a corporate legal dispute with Chief Executive Elon Musk has formally filed a whistleblower tip with the Se

 

Trump reportedly told NATO leaders to boost defense spending to 4% of GDP

President Donald Trump told NATO leaders that they should double their defense spending from the current target by 2024 of 2% of GDP to 4%, according

 

Altaba stock falls after downgrade at Gabelli

Gabelli & Co. analyst Brett Harriss downgraded shares of Altaba Inc. AABA, -2.91% to hold from buy on Wednesday, in reaction to the company’s recent a

 

U.S. oil prices pare losses after EIA reports a weekly plunge in U.S. crude supplies

U.S. oil prices pared much of their earlier losses Wednesday after the Energy Information Administration reported that domestic crude supplies plunged

 

Canada’s loonie climbs against the buck as BOC hikes benchmark rates

Canada’s loonie was showing its strength against the U.S. dollar Wednesday morning after the country’s central bank lifted key interest rates, as had

 

Wholesale inventories in U.S. climb 0.6% in May

WASHINGTON (MarketWatch) – Wholesale inventories in the U.S. jumped 0.6% in May as companies boosted production to meet growing demand for their wares

 

U.S. stocks set to notch first loss in 5 sessions as Trump ratchets up trade clash

U.S. stock-index benchmarks on Wednesday opened firmly lower, set to close in the red for the first time in five sessions after the Trump administrati

 

Fed’s Evans, once a skeptic, now backs more interest-rate hikes: WSJ

Chicago Fed President Charles Evans, who had been skeptical of the need for higher interest rates, on Wednesday said he now supported more tightening

 

IKEA recalls Lurvig water dispensers for pets because of ‘suffocation’ hazard

IKEA said Wednesday it is recalling Lurvig water dispensers for pets, citing a “suffocation hazard.” The Sweden-based home furnishings retailer said t

 

Twitter stock falls after Instinet starts coverage with bearish rating

Twitter Inc. TWTR, +0.27% shares are down 2% in premarket trading after Instinet analyst Mark Kelley initiated coverage of the stock with a reduce rat

 

AT&T stock falls after Credit Suisse initiates at underperform

Shares of AT&T Inc. T, -1.94% are down 0.6% in premarket trading after Credit Suisse analyst Douglas Mitchelson initiated coverage of the stock with a

 

All 30 Dow stocks fall premarket, led by United Technologies and McDonald’s

 

Wholesale inflation hits highest level since 2011, PPI shows

The wholesale cost of goods and services rose in June at the highest yearly rate in almost seven years, reflecting broad inflationary pressures in a f

 

Instinet initiates coverage of Pandora with neutral rating, Spotify with buy rating

Instinet analyst Mark Kelley initiated coverage of Pandora Media Inc. P, +1.29% and Spotify Technology SA SPOT, +1.06% on Wednesday, starting Pandora

 

American Airlines stock drops after TRASM outlook cut

Shares of American Airlines Group Inc. AAL, -8.08% dropped 2.3% in premarket trade Wednesday, after the air carrier cut its second-quarter outlook for

 

Square Cash app downloads accelerating even as bitcoin loses steam, Instinet says

Instinet analyst Dan Dolev reiterated his upbeat stance on Square Inc. SQ, +0.88% on Wednesday, given his latest look at Square Cash app downloads. Do

 

Stifel raises Netflix price target to $406 from $345

Stifel analysts raised their price target for Netflix Inc. NFLX, +0.73% on Wednesday to $406 from $345, saying the company will add more net subscribe

 

Dunkin’ Brands names David Hoffmann CEO

Dunkin’ Brands Group Inc. DNKN, +0.42% said Wednesday that David Hoffmann has been named chief executive officer, effective immediately. He will serve

 

AbbVie’s stock falls after lymphoma treatment trial data disappoints

Shares of AbbVie Inc. ABBV, -3.93% fell 2.2% in premarket trade Wednesday, after the biopharmaceutical company said an update on a phase 3 study evalu

 

PayPal target raised to $105 at Susquehanna due to increased optimism for offline efforts

Susquehanna Financial Group analyst James Friedman raised his price target on shares of PayPal Holdings Inc. PYPL, +0.09% to $105 from $93 on Wednesda

 

Bitcoin, Ether, Ripple, Litecoin Analysis: Further Falls Likely

The cryptocurrency market continues to find rally sellers making any upside momentum difficult to maintain. And prices may have further to fall. -Subscribe t…

 




USD/JPY and AUD/USD Forecast July 12, 2018

The US dollar has rallied rather explosively against the Japanese yen during trading on Wednesday, breaking towards the ¥112 level. I think that this market …

 

EUR/USD and GBP/USD Forecast July 12, 2018

The EUR/USD pair initially try to rally during trading on Wednesday but turned around at the 1.1750 level to break down rather significantly. In fact, we bro…

 

WTI Crude Oil and Natural Gas Forecast July 12, 2018

The WTI Crude Oil market has fallen drastically during the trading session on Wednesday, losing 4.5% as I record this. The market looks very vulnerable, as L…

 

S&P 500 and NASDAQ 100 Forecast July 12, 2018

The S&P 500 initially fell during the day, as we have continued to see a lot of noise around the potential trade war. The United States announced that it was…

 

Bitcoin Forecast July 12, 2018

Bitcoin continues to look lackluster at best, as we have bounced 0.75% during the day on Wednesday. Although that’s a reasonable gain in a mature market, you…

 

ملخص اسواق العملات ليوم الاربعاء 11/07/2018 من موقع ديلي فوركس

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

 

Cheer Up

Adage:

Up On The Day – what you are when the market closes, not taking into account ticket charges.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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