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Tokyo Trading Session Heads Up Tuesday, November 12, 2019

Tokyo opening news digest Tesla Gigafactory In Nevada Plagued By Worker Injuries: Report The investigation finds that recruiting Tesla comes at a price.   OPEC Is Damned If It Rolls Over Oil Production Cuts And Damned If It Doesn’t With non-OPEC crude production rising at a canter, the oil producers’ OPEC group finds itself in a tricky spot of its own making.   ESG Stocks Are Having A Fantastic Year The “typical” ESG portfolio doing is handily besting the S&P 500 this year returning more than 32% to the S&P’s…

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Sydney Trading Session Heads Up Tuesday, November 12, 2019

Sydney opening news digest This Tax-Free 5.1% Dividend Is Hiding In Plain Sight I’m going to show you my favorite (perfectly legal) way to pay 0% tax on your dividend income.   Iran’s Deceptive Oil Claims Are Meant To Rally Support Iran’s President, Hassan Rouhani, announced Iran discovered 53 billion barrels of oil. But did it really?   Exxon Mobil (XOM) Shares Cross 5% Yield Mark In trading on Tuesday, shares of Exxon Mobil Corp (NYSE:XOM) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.48),…

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London Trading Session Heads Up Tuesday, November 12, 2019

London opening news digest Crude Oil Prices May Fall Anew if Trump Sours Trade War Cheer Crude oil prices remain under the broad pressure of a well-supplied market but they managed small gains as investors hoped for US-China trade war clues from the President.   USD/JPY moves back closer to multi-month tops, around 109.25-30 region The USD/JPY pair caught some fresh bids on Tuesday and has now moved well within the striking distance of multi-month tops set last week. Having shown   BoE to deliver a 25bps cut in January…

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Frankfurt Trading Session Heads Up Tuesday, November 12, 2019

Frankfurt opening news digest EUR/NOK, GBP/SEK, GBP/NOK, USD/SEK Technical Analysis This piece will analyze key technical developments in EUR/NOK, GBP/SEK, GBP/NOK and USD/SEK as each pair approaches key technical levels.   New Zealand Dollar Slips As Inflation Expectations Fade The New Zealand Dollar continued to slide as domestic inflation expectations did likewise. This release is regarded, rightly or wrongly, as being of key importance to rate setters.   Palladium Prices Forecast to Fall After Chart Support Break Palladium prices may keep falling after the largest two-day drop in three months…

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Tokyo Trading Session Heads Up Monday, November 11, 2019

Tokyo opening news digest Mark Cuban Becomes Latest Billionaire To Criticize Warren: ‘She Is Misleading The Public’ The billionaire investor and Shark Tank host didn’t hold back.   Lady Gaga’s ‘Monster’ Former Townhouse Listed For $17.99 Million The massive home has six floors, 11,000-square feet of interior space and 12 bathrooms.   Stock Market Outlook: Record ETF Flows Highlight Robust Risk Appetite Last week’s record-setting outflows from the TLT ETF suggests investors are growing comfortable with stocks at their current valuations – an encouraging sign for bulls.   US Dollar…

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Sydney Trading Session Heads Up Monday, November 11, 2019

Sydney opening news digest WeWork Reportedly In Talks To Hire Another Unconventional CEO: T-Mobile’s John Legere Legere has ties to SoftBank through his time at T-Mobile.   Does Berkshire Hathaway Shed Its Book Value Premium? For me, there’s a glaring omission in Berkshire Hathaway’s quarterly report. Nowhere does Warren Buffett talk about his $220 billion portfolio of stocks.   Should You Buy the Saudi Aramco IPO? Saudi Aramco is the world’s most profitable company. With a valuation of between $1 trillion and $2 trillion, it’s worth more than the entire…

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New York Trading Session Heads Up Monday, November 11, 2019

New York opening news digest What Are The Factors Behind First Solar Finally Turning An Operating Profit? First Solar’s (NASDAQ: FSLR) operating expenses have dropped significantly, from $3.47 billion in 2016 to $2.2 billion in 2018, primarily due to internal restructuring and a drop in cost of goods sold, due to a drop in revenue. First Solar’s revenue dropped from $2.9 billion in 2016…   Despite Gold Prices Rallying, Why Is Freeport-McMoRan Set To Lose >60% Of Its Gold Revenue? Though global gold prices have witnessed a healthy increase from…

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London Trading Session Heads Up Monday, November 11, 2019

London opening news digest Gold Prices Supported By Hong Kong Unrest, Look to UK GDP US-China trade hopes continue to cloud the overall backdrop for gold and other haven assets but renewed violence at protests in Hong Kong has seen demand tick up.   NZD/USD Rate Vulnerable to Reserve Bank of New Zealand (RBNZ) Rate Cut NZD/USD may continue to give back the rebound from the 2019-low (0.6204) as the Reserve Bank of New Zealand (RBNZ) is expected to deliver a 25bp rate cut in November.   Weekly British Pound…

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Frankfurt Trading Session Heads Up Monday, November 11, 2019

Frankfurt opening news digest US Dollar Forecast: MYR, IDR, PHP, SGD at Mercy to Trade News Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite US Dollar strength. This is the key fundamental driver for ASEAN FX.   Oil Price Outlook: Brent, SEK, NOK Eye Trade Talks, US CPI Crude oil prices, NOK and SEK may rise if Donald Trump’s speech on trade war developments amplifies market buoyancy against the backdrop of critical US CPI and retails sales data.   AUD/USD Analysis: Monthly…

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Tokyo Trading Session Heads Up Sunday, November 10, 2019

Tokyo opening news digest How Will Brazil’s Market React To Ex-President Lula’s “Freedom” So far, Wall Street thinks Lula poses no risk. Market willing to bet Brazilians won’t submit to Chile-style chaos.   China’s Price Trap China’s economy is in a deflation-inflation trap. Producer prices are falling, as consumer prices rise. That’s according to statistics published last   GBP/JPY looks for clear direction ahead of Japan/UK data Following its declines to the lowest daily closing since October 25, not to forget three days of consecutive downpour, GBP/JPY wait for clear…

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