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New York Trading Session Heads Up Wednesday, February 20, 2019

New York opening news digest Last Year Was About Hype, Now Cannabis Companies Need To Execute A patchwork of regulations is making it difficult for cannabis companies to grow to their full potential.   Adani’s $10 Billion Australian Coal Proposal Takes A Fresh Hit As Glencore Drops Plans For New Mines Glencore says it will not invest in new coal mines which puts pressure on India’s Adani Group which wants to develop a $10 billion coal mine in Australia   DAX 30 & CAC 40 Charts: Resistance, Relative Weakness Remain…

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London Trading Session Heads Up Wednesday, February 20, 2019

London opening news digest Asian Stocks Mixed, Focused On Trade. FOMC Minutes Approach Regional markets traded in mixed fashion as investors awaited more headlines from the high-level trade negotiations taking place in Washington   ECB’s Praet: Normalisation of central bank instruments is not akin to policy tightening The outgoing ECB chief economist, Peter Praet, in a keynote speech at the 11th Frankfurt Main Financial Centre Breakfast this Wednesday, said that nor   Gold eases from 10-month tops but holds above $1340 ahead of FOMC minutes •  A follow-through USD selling…

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Frankfurt Trading Session Heads Up Wednesday, February 20, 2019

Frankfurt opening news digest U.S.-China Trade War Boosts Fast-Growing Southeast Asia Trade tensions between the U.S. and China are adding rocket fuel to the liftoff of Southeast Asian economies.   Has Bitcoin Broken Free From Its Bear Market? Crypto markets have rallied lately, bolstered by robust sentiment. Has the bear market ended?   Tokenizing Healthcare Assets Blockchain-enabled asset tokenisation presents new investment opportunities with global reach. Will healthcare finance be transformed by this innovative mechanism?   USD/SEK Eyeing FOMC Meeting Minutes, Martin Floden’s Outlook USD/SEK traders will likely be closely…

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Tokyo Trading Session Heads Up Tuesday, February 19, 2019

Tokyo opening news digest Brexit Update: Hard Risks, Soft Landing (Still) Forward-looking highlights from GeoQuant’s high-frequency political risk intelligence platform.   Turkey Facing Renewed Round Of Debt Restructurings After Local Elections Turkey’s currency crisis, spurred by burgeoning hard currency corporate debt and a large trade deficit, caused a debt restructuring boom in last summer. President Erdogan’s unorthodox monetary policy and the fragile relationship with the US poured further fuel on the flames of economic turbulence.   GBP/AUD Technical Analysis: Break of immediate resistance-line favors 1.8315 comeback Information on these pages…

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Sydney Trading Session Heads Up Tuesday, February 19, 2019

Sydney opening news digest What To Expect From CVS’s Q4 CVS Health (NYSE:CVS) is scheduled to release its fourth quarter results on February 20. The company had posted a 2.4% increase in sales to $47.3 billion with adjusted earnings reported at $1.73 per share in the previous earnings for Q3. This growth was primarily driven by higher prescription vol…   Apple: The Market Is Too Pessimistic Apple’s trailing PE ratio of 14 says the market believes the S&P 500, whose PE is 21, has better prospects. I challenged my managers…

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New York Trading Session Heads Up Tuesday, February 19, 2019

New York opening news digest S&P 500, Dow, and Nasdaq 100 Charts: On to the Next Big Levels of Resistance The impressive v-bottom rally in the U.S. indices continues to trek onward, with another major set of levels in sight.   Stock Market Traders Still Broadly Positive | Sentiment Webinar While the major currency pairs are mostly trading sideways, stock markets are still looking buoyant, as are crude oil and gold.   Technical Outlook for Gold Price, USDCAD, AUDUSD, & More Gold is working on putting together a run towards…

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London Trading Session Heads Up Tuesday, February 19, 2019

London opening news digest Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance? Asia stocks traded mixed as markets await potentially risk-negative European data. In its near-term uptrend, can the S&P 500 break key resistance should sentiment prevail   Crude Oil Prices Hit 3-Month High, Set Sights on Trade War News Crude oil prices broke chart resistance and hit a 3-month high but trade war news flow – from US-China negotiations to the threat of new   GBP/JPY Technical Analysis: 3-week old descending channel continues to cap ahead…

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Frankfurt Trading Session Heads Up Tuesday, February 19, 2019

Frankfurt opening news digest Bonus Profits And Higher Share Prices For Australian Iron Ore Miners As Brazil’s Woes Drag On Brazil’s twin mine-dam disasters deliver a profit and share-price boost for rival miners in Australia   AUD/JPY on Edge: Trade War Fears Swell – Employment Data in Sight AUD/JPY has traded cautiously higher since February 11 but hopes of meaningful upward movement may be dashed if US-China trade negotiations deteriorate and Australian employment   EURO Vulnerable to German ZEW Survey, Italy Industrial Orders? EUR/USD may feel some pain if the…

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Tokyo Trading Session Heads Up Monday, February 18, 2019

Tokyo opening news digest Prem Watsa Buys 7 Stocks In 4th Quarter Fairfax CEO keeps BlackBerry and Seaspan but sees losses   All-day Dining Cafes Won’t Solve Starbucks China Problem Luckin Coffee is bringing Starbucks in a place it doesn’t want to be.   Gold Technical Analysis: $1328 questions 2019 high, $1322 offers immediate support Gold daily chart XAU/USD Overview:     Today Last Price: 1326.46     Today Daily change: 5.36 pips     Today Daily change %: 0.41%     Today Dail   AUD/NZD: On the verge of a major breakout to the downside, targetting 1.0235/50 AUD/NZD is taking its…

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Sydney Trading Session Heads Up Monday, February 18, 2019

Sydney opening news digest My Top Tech Manager Buys Amazon For The First Time If you have never owned Amazon, now may be the time. Tony Mitchell, my top tech manager, bought Amazon for the first time after embarrassing news about CEO Jeff Bezos made headlines and a deal with New York politicians broke down. Here’s why he pulled the trigger.   Will The Japanification of Europe Help The U.S. Dollar? With the daily chaos in Washington and policy and political uncertainty in major money centers around the world, it…

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