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New York Trading Session Heads Up Monday, April 22, 2019

New York opening news digest Crude Oil Prices Extended but Remain Bullish as Long as Channels Stay Intact Crude oil is moving into overbought territory with the help of news, but channel lines keep the outlook constructive for as long as they hold.   AUDUSD & USDCAD Charts Wedging Up on Varying Time-frames The US Dollar has been very quiet with some charts reaching extremes that could in the weeks to follow lead to sustainable trends for at least a little while.   Japanese Yen Could Gain As Focus Grows…

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Frankfurt Trading Session Heads Up Monday, April 22, 2019

Frankfurt opening news digest Swedish Krona Eyes Riksbank Rate Decision, SEK, NOK Watch US Data The Swedish Krona will be eagerly waiting for the Riksbank’s rate decision and commentary. NOK and SEK will also be watching out for key US data and how it will impact Fed monetary policy.   Crude Oil Surge On US Sanctions Report Dominates Asian Stock Trade Asia Pacific equity markets were naturally thinned by the Easter holiday break in many countries but a rise in oil prices provided at least some action for traders  …

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Frankfurt Trading Session Heads Up Monday, April 22, 2019

Frankfurt opening news digest If Sanctions Cut Iran’s Oil Exports To Zero, Would Saudi Arabia Really Fill The Void? If Saudi Arabia commits to increase oil production for Trump’s Iran sanctions policy, it could destroy the kingdom’s leverage in OPEC.   AES: A Smart Diversification From Leading Sectors With the market slowing down in April, Wayne Himelsein, my top quant manager, recommends AES Corporation, a company that looks ready to make new highs but is outside of the sectors that have performed the best this year.   Crude Oil Prices…

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Tokyo Trading Session Heads Up Sunday, April 21, 2019

Tokyo opening news digest Sri Lanka Easter bombings kill more than 200; several Americans dead – WSJ The Wall Street Journal conveyed the news report of the deadly Easter bombings in Sri Lanka that took place on Sunday.   US Sec. of State Pompeo says nothing’s changed on North Korea talks: ‘It’ll be my team’ – Reuters Reuters came out with a new report on Friday claiming that the US Sec. of State Pompeo said that he will remain in power for talks with North Korea.   Sir Graham Brady…

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Sydney Trading Session Heads Up Sunday, April 21, 2019

Sydney opening news digest The Week Ahead: An Indecisive Market The sharp decline in the health care sector last week caught many investors by surprise. The the failure of the stock market to hold Tuesday’s early gains is one of the factors technical analyst Tom Aspray discusses as we head into the long weekend.   Malaysia Cannot Escape From China — It’s Too Late Mahathir’s decision to revive the Iskandar Waterfront Holdings and China Railway Engineering Corp (CREC) came a few hours after he oversaw the signing of agreements on…

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New York Trading Session Heads Up Friday, April 19, 2019

New York opening news digest Economics Matters: Market Capitalism Is Under Attack — Here’s What We Can Do As an economic system, market capitalism is criticized for deepening inequality and enriching a small group of elites. Simultaneously, the corporate sector is accused of focusing only on maximizing shareholder value while ignoring social challenges. What can be done to improve the system?   The Stock Market’s Biggest Risk Is Still Alive: Slowing Economic Growth Slowing economic growth and a rising stock market? Something must change   USD/CAD stays calm in tight…

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Frankfurt Trading Session Heads Up Friday, April 19, 2019

Frankfurt opening news digest Krona Plunges on Unemployment Data – Riksbank Rate Decision Ahead The Swedish Krona plunged against all its major counterparts following the release of unemployment data. How will this impact the Riksbank rate decision and outlook next week?   Gold Prices Aiming Lower After Chart Support Break Gold prices are aiming lower after breaking chart support to complete a bearish Head and Shoulders topping pattern. Crude oil prices are struggling below $65/bbl.   Earnings to Test Dow and Nasdaq, US GDP the Dollar, BOC Decision the Loonie…

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Frankfurt Trading Session Heads Up Friday, April 19, 2019

Frankfurt opening news digest Obamacare Made Big Health Insurers Very Rich, What Could Medicare For All Do To Them? A government run health system could end the party for health care insurers. Under Obamacare, they have been collecting higher premiums from subscribers who have little control over what medical services they buy and at what price.   Euro Eyeing Italian Leading Indicators – Political Obstructions Ahead The Euro will be watching the release of several Italian leading indicators as the country wrestles with a technical recession and prepares for political…

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Tokyo Trading Session Heads Up Thursday, April 18, 2019

Tokyo opening news digest Will Binance Chain Succeed Where Other DEXs Have Failed? Will Binance’s decentralized exchange overcome the challenges faced by other DEXs?   History Suggests the Stock Market Will Climb in the Weeks After Easter The historical performance of the S&P 500 in the weeks following Easter Sunday suggests the stock market may be able to capture new all-time highs.   NZD/USD Technical Analysis: Sellers aim for 61.8% Fibo on the break of 0.6700 NZD/USD clings to 0.6685 during early Friday with most global markets closed due to…

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Sydney Trading Session Heads Up Thursday, April 18, 2019

Sydney opening news digest What To Expect From Coca-Cola’s Q1 2019 Results? Coca-Cola Company (NYSE: KO) is set to announce its financial results for Q1 2019 on April 23, 2019, followed by a conference call with analysts. Total revenues for Coca-Cola have largely trended lower over recent quarters, falling from $8.9 billion in Q2 2018 to $7.1 billion in Q4 2018. Lower …   Alcoa Misses Consensus In Q1 2019; Reaffirms Full Year Outlook Alcoa (NYSE: AA) released its Q1 2019 financial results on April 17, 2019, followed by a…

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