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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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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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New York Trading Session Heads Up Tuesday, October 22, 2019

New York opening news digest LeBron James Plays For China, But Google’s Got Game The more CEOs apologize and equivocate, the more they are enabling China’s influence campaign to spread.   Old Mines. New Tricks. Hidden Value In A Pile Of Californian Waste Rock Old mines. New Tricks. It sounds like an easy way to make money, and perhaps it will be for a mining company which has taken a fresh look at 90-years of waste rock to discover a big resource of one of the world’s hot “new” minerals,…

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Frankfurt Trading Session Heads Up Tuesday, October 22, 2019

Frankfurt opening news digest Gold Prices Creep Down, US-China Trade Hopes Buoy Risk Appetite The old binary risk game around global trade swung back to optimism in Asia.Gold slipped but crude oil prices failed to gain as the market still looks well-supplied.   USD/CAD Rate Depreciation Brings 2019 Low in Focus Recent price action brings the 2019-low (1.3016) on the radar for USD/CAD as the exchange rate extends the series of lower highs and lows from the previous week.   USD/JPY holds steady above mid-108.00s The USD/JPY pair failed to…

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Frankfurt Trading Session Heads Up Tuesday, October 22, 2019

Frankfurt opening news digest Indian Rupee Will Struggle Along With India’s Troubled Banking Sector As China’s growth slows, the currency of the other Asian titan ought to be burnished as investors look elsewhere. However, that’ s not happening.   NZD/USD Rate Forecast: September High on the Radar Despite Dovish RBNZ NZD/USD appears to be on track to test the September-high (0.6451) amid growing speculation for another Federal Reserve rate cut.   Yen May Fall as Australian Dollar Gains, AUD/JPY Breakout Prolongs The Australian Dollar rose as the Japanese Yen sunk…

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Sydney Trading Session Heads Up Monday, October 21, 2019

Sydney opening news digest If You’re Not Long, You’re Wrong Just last week, the International Monetary Fund (IMF) downgraded its 2019 growth forecast to 3 percent, a significant drop from the last couple of years.   WeWork’s Valuation Plummets To $8 Billion As SoftBank Completes Take Over Topline: After months of uncertainty surrounding WeWork’s meteoric rise and fall, the company will now fall to an $8 billion valuation after it accept   Trust But Verify Trust is important when dealing with a financial advisor, but blind trust can be abused.…

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New York Trading Session Heads Up Monday, October 21, 2019

New York opening news digest USD/CAD Price Outlook Dependent on General Election Outcome USD/CAD has weakened in the lead up to the general election with the Liberal and Conservative parties currently neck and neck in polling.   Ongoing Brexit Confussion Leaves GBP/USD Price Unfazed This weekend’s proposed vote on PM Johnson’s deal was pulled after an amendment to the WA was voted through by Parliament. PM Johnson goes back to Parliament today unsure of what lies ahead.   Canadian Dollar Price Chart: USD/CAD May Rise on Federal Election The Canadian…

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Frankfurt Trading Session Heads Up Monday, October 21, 2019

Frankfurt opening news digest Gold Prices Supported By Brexit Turmoil, US-China Trade Uncertainty Gold prices were steady while oil prices slipped. Risk appetite was underpinned by ongoing Brexit purgatory while supply worries added to oil bulls’ woes.   EUR/USD Recovery at Risk as RSI Fails to Push into Overbought Zone EUR/USD clears the September-high (1.1110) ahead of the ECB meeting, but the bullish momentum appears to be abating as the RSI fails to push into overbought territory.   France’s de Montchalin: There is no need to delay Brexit unless it…

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Frankfurt Trading Session Heads Up Monday, October 21, 2019

Frankfurt opening news digest The Latest Insight On Navigating The Next Market Crash Stock market crashes are rare but painful, how can you protect your portfolio?   Nickel Relives The Failed Attempt By The Hunt Brothers To Corner Silver Attempts to “corner” a metal market invariably end in tears, as it did with silver and copper and now, perhaps, in nickel   US Dollar Outlook: MYR, SGD May Fall on CPI. Rupiah to Drop on Cut? US Dollar weakness failed to translate into uniform ASEAN FX strength. The path for…

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Tokyo Trading Session Heads Up Sunday, October 20, 2019

Tokyo opening news digest Stocks This Week: Buy Home Depot And Sell Short Helmerich And Payne The coming week is post-OPEX week which has a negative expected return in the month of October.   Weekly British Pound Forecast: Brexit Vote Delayed – What’s Next? With the UK parliament passing the Letwin amendment, several pieces of legislation need to be passed before UK Prime Minister Boris Johnson’s Brexit deal can be ratified.   NZD/USD fails to cheer trade-positive headlines, pulls back from five-week high Despite witnessing upbeat headlines from the South…

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