Heads-up News 

Tokyo Trading Session Heads Up Wednesday, December 5, 2018

Tokyo opening news digest

Bullish USD/CAD on Deteriorating CA Fundamentals and Dovish BoC

Hopes for a January/ March 2019 rate hike by the BoC have dropped aggressively, which as taken yield spreads wider and USD/CAD higher with it

 

South Korea Current Account Balance: 9.19B (October) vs previous 10.83B

South Korea Current Account Balance: 9.19B (October) vs previous 10.83B

 

US Dollar Index Technical Analysis: DXY setting the stage for a bullish advance to the 97.54 level

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
DXY closed insid

 

Canada arrested Huawei’s CFO, and the US is seeking to extradite her

Chinese telecom giant Huawei is the world’s second-largest smartphone maker.

 

Cloudera reports narrower quarterly loss, sales beat

Cloudera Inc. CLDR, -5.85% late Wednesday reported a narrower-than-expected fiscal 2019 third-quarter loss and sales that beat Wall Street expectation

 

Gannett CEO Dickey to retire before mid-2019

Gannett Co. GCI, -0.98% said late Wednesday that Chief Executive Robert Dickey has announced he will retire by mid-2019. The media company’s board has

 

Ohio senators say they pressed GM’s Mary Barra to build electric vehicles or SUVs there

Two Ohio senators, Democrat Sherrod Brown and Republican Rob Portman, say they asked General Motors GM, -5.02% CEO Mary Barra to build more vehicles –

 

Cheer Up

Adage:

The stock market cannot be predicted, we can only play the probabilities.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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