JPY News Reviews 

JPY Daily Review October 22, 2019

JPY Daily Review for October 22, 2019 Yen May Fall as Australian Dollar Gains, AUD/JPY Breakout Prolongs The Australian Dollar rose as the Japanese Yen sunk amid a combination of Brexit, US-China trade deal hopes. AUD/JPY looks to extend gains after a candlestick pattern breakout.   USD/JPY technical analysis: Firm above two-week-old rising trendline, 4H 50MA With its U-turn from near-term key support confluence, USD/JPY flashes 108.65 as a quote during early Tuesday.   AUD/JPY prints 2.5-month high on trade optimism and stock market rally AUD/JPY printed a 2.5-month high…

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Heads-up News 

Tokyo Trading Session Heads Up Tuesday, October 22, 2019

Tokyo opening news digest Snapchat Beats Third-Quarter Expectations But Provides Weaker Guidance Topline: Snap, the maker of Snapchat, reported strong third-quarter earnings on Tuesday that exceeded Wall Street expectations for user growth and rev   Trade War: China Uses WTO To Get Even With The US China is using the World Trade Organization (WTO), an American-made institution, to get even with the US.   Dow Jones Forecast: Boeing’s Earnings Could Spell Disaster for the Average After starting the week off strong, earnings season turned to a mixed bag on Tuesday…

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Markets News 

Warren says big banks may use repo-market volatility to get rid of liquidity rules they despise

“There could be a larger financial crisis if the liquidity measures are not stream-lined and better thought out, Dimon warned” writes Senior Economics Reporter for marketwatch.com. JP Morgan Chase JPM, +1.00%   CEO Jamie Dimon last week did tie the spike in repo-market rates to the post-crisis liquidity requirements.She pressed Mnuchin to report back on what caused the spike in short-term lending rates last month and what the implications mean for the markets.She told Mnuchin that the Financial Stability Oversight Council should not go along with the effort to ease…

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Markets News Stocks 

Netflix prices $2.22 billion of its junk bonds

“NFLX, -4.09% said late Tuesday that it had priced $2.22 billion worth of junk bonds” writes Max A for marketwatch.com. Netflix said it plans to use the junk-rated bonds for a range of purposes that includes content, production, develop and potential acquisitions. Netflix stock fell 0.1% in the extended session and closed down 4.1% during regular trading to $266.69. Source: marketwatch.com

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News Oil 

API data show a more than 4 million-barrel weekly rise in U.S. crude supply: sources

“They also forecast supply declines of 2 million barrels for gasoline and 3 million barrels for distillates” writes Markets Commodities Reporter for marketwatch.com. The EIA data are expected to show crude inventories up by 4.7 million barrels last week, according to analysts polled by S&P Global Platts.The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.45 million barrels for the week ended Oct. 18, according to sources.Inventory data from the Energy Information Administration will be released Wednesday. Source: marketwatch.com

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Heads-up News 

Sydney Trading Session Heads Up Tuesday, October 22, 2019

Sydney opening news digest Chipotle Stock Is Up Over 90% This Year, And Could Go Higher After Beating Earnings The once under-fire burrito chain delivered yet another quarter of solid growth.   How To Build An Early Retirement With CEFs Why the heck hasn’t my financial advisor told me any of this?!   Beware This Chinese Stock Next Month Chinese video name IQIYI Inc (IQ) is understandably sensitive to trade-related headlines.   This 5% Dividend Yield’s Down 75% In 12 Months! Is This A Top Dip Buy? This big-dividend-paying stock…

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News Stocks 

AM Breaks Above 17% Yield Territory

“Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 17% would appear considerably attractive if that yield is sustainable” writes Bnk Invest for nasdaq.com. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return.Antero Midstream Corp (Symbol: AM) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.In the case…

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News Stocks 

Deutsche Bank says an Apple earnings beat on strong iPhone demand is ‘priced in’

“Photographer: David Paul Morris/Bloomberg via Getty Images With a slew of price target raises from Wall Street driven by strong iPhone sales, Apple’s beat on its earnings is already priced into the stock, according to Deutsche Bank” writes Maggie Fitzgerald for cnbc.com. The firm raised its price target on the stock to $230 per share from $210 per share. Deutsche Bank’s target is still below Apple’s Monday closing price of $240.51 per share. Source: cnbc.com

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News Oil 

Oil rises on optimism about prospects for a U.S.-China deal

“Goldman Sachs has wound back its forecast for growth in U.S. shale oil output in 2020, and slightly reduced its outlook for 2020 global oil demand growth” reports cnbc.com. Russian Energy Minister Alexander Novak said U.S. oil production is likely to peak in the next few years as current oil prices are capping the pace of expansion.Brent crude oil was up 24 cents at $59.20 a barrel, while U.S. West Texas Intermediate crude was 26 cents higher at $53.57 per barrel.Oil prices however were pressured by forecasts of a buildup…

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