Heads-up News 

Tokyo Trading Session Heads Up Thursday, August 9, 2018

Tokyo opening news digest

Investor Optimism Rebounds, But Stays Below Average

Optimism among individual investors about the short-term direction of the stock market rebounded, but not enough to rise above the historical average.

 

US Dollar Index Nears Decision Point in Elliott Wave Pattern

The current Elliott Wave for US Dollar Index appears to be a terminal wave. We are anticipating a US Dollar reversal below 96.03.

 

Is the Canadian Dollar Setting Up for Its Next Leg Lower?

Last week, one currency held up against the U.S. Dollar’s renewed strength: the Canadian Dollar. The Loonie put together its third consecutive week of gains,

 

NZD/USD: shifts in support to 0.6510 and resistance to 0.6670 – ANZ

Analysts at ANZ explained that the RBNZ has put itself right at the back of the global pack when it comes to future policy tightening.

Key Quotes:

 

CPI preview: headline CPI to increase 0.2% – Nomura

Analysts at Nomura explained that they expect headline CPI to increase 0.2% (0.227%) m-o-m in July (Consensus: 0.2%), pushing up its y-o-y change to 3

 

Market wrap: light volumes seen with treasury yields down a few basis point – ANZ

Analysts at ANZ explained that equities were mixed on light volumes with treasury yields down a few basis points.

Key Quotes:

“The USD strengthened

 

NZD/USD: down to key support at 0.6616

NZD/USD has been on the defensive due to the resurgence of the dollar in the main today, but indeed, and without doubt, the bird is suffering tremendo

 

AUD/USD back into familiar levels as markets pick up the Greenback

The AUD/USD is trading into 0.7375 heading into Friday’s overnight session after the Aussie lost ground once again against the US Dollar.

The Greenba

 

Market wrap: FX and bond markets showed signs of risk aversion – Westpac

Analysts at Westpac explained that the FX and bond markets showed signs of risk aversion with emerging markets under pressure, especially Turkey and R

 

Crude Oil WTI Technical Analysis: Black Gold under pressure below $67.00 a barrel

Crude oil WTI 15-minute chart

Crude oil WTI 480-minute chart

Spot rate:              66.69

Relative change:  -0.13%     

High:

 

S&P500 Technical Analysis: Stocks slide before the close

S&P 500 15-minute chart 

S&P 500 daily chart 

Spot rate:                  2,851.4

Relative change:       0.01%     

High:

 




Market wrap and Asia open – TDS

In a market wrap, analysts at TD Securities explained that North American equities were mixed on Thursday with major US indices slightly lower (SPX: –

 

Telecom lifts Nasdaq, Dow and S&P close with modest losses

Major equity indexes in the U.S. failed to determine a clear trend on Thursday as major sectors showed varying performances. 

Crude oil prices failed

 

EUR/USD: 1.15 the figure at risk, but US CPI will be key

EUR/USD has dropped as the dollar continues to pick up a bid ahead of the key CPI release on Friday.
EUR/USD is currently trading at 1.1532, but

 

Redfin shares down nearly 7% after company casts doubt on real-estate market

Shares of Redfin Corp. RDFN, +2.07% fell nearly 7% late Thursday after the real-estate brokerage beat quarterly expectations but forecast slower reven

 

Tesla board to ramp up going-private talks: report

The Tesla Inc. TSLA, -4.83% board of directors plans to meet with advisers next week to make formal the process of exploring Chief Executive Elon Musk

 

SunRun shares fall 14% after mixed quarterly earnings

Shares of SunRun Inc. RUN, +0.35% tanked nearly 14% in the extended session Thursday after the solar-power company reported mixed second-quarter resul

 

Tronc shares slip after quarterly results following buyout-report rally

Tronc Inc. TRNC, +1.92% shares slipped in the extended session Thursday following a run-up fueled by reports of a possible buyout after the media comp

 

Puma Bio shares jump 19% on narrower quarterly loss, bigger sales

Shares of Puma Biotechnology Inc. PBYI, +0.72% rose more than 19% in the extended session Thursday after the company reported a narrower-than-expected

 

Universal Display stock climbs after revenue tops estimates

Shares of Universal Display Corp OLED, -0.83% were up 11.7% in after-hours trading Thursday, after the maker of organic light-emitting diode technolog

 

EURUSD On the Verge of a Technical Break, S&P 500 Inactivity Should Trouble Bulls

Talking Points: • The three-day historical range from the S&P 500 is the smallest in percentage terms in 2018 and one of the smallest in decades • With the D…

 

Cheer Up

Adage:

A chartist I know said my stock had a doji candle stick formation but all I could see was a sword-wielding samurai chasing me while we both were screaming.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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