Heads-up News 

Sydney Trading Session Heads Up Monday, February 11, 2019

Sydney opening news digest

‘Productization’ Of The Internet Of Things Is Here Says Honeywell’s Automation Boss

In an exclusive interview John Rudolph says changing plant control systems would be as simple as changing an older mobile phone in a few years thanks to digital technologies.

 

Boston Scientific’s Q4 Earnings And What Lies Ahead For The Company In 2019

Boston Scientific (NYSE:BSX) recently reported its Q4 results, which were in line with our estimates. The top line grew in mid-single-digits while the adjusted earnings of $0.39 per share was up in low double-digits. This can be attributed to steady growth in all segments, primarily MedSurg, which..

 

Subscriptions, Digital Real Estate To Drive News Corp’s Fiscal 2019

News Corp‘s Q2 earnings per share and revenues came in ahead of market expectations. In Q2, the company’s revenues grew 21% year-over-year (y-o-y) to $2.6 billion, primarily due to continued growth in the Digital Real Estate business, Book Publishing segment and Subscription Video Services.

 

Can TripAdvisor’s Hotel Segment Return To Growth In Q4?

TripAdvisor is scheduled to announce its fiscal fourth quarter results on Wednesday, February 13. The company has delivered a solid performance so far this year, driven by a turnaround in its Hotel business

 

New York Times Is Thriving On Growing Digital Subscriptions

New York Times ended fiscal 2018 on a high note after announcing solid fourth quarter results last week, as both its earnings per share and revenues came in ahead of market expectations.

 

If You Believe In Human Progress, Buy Stocks

It’s hard to tell from today’s media landscape, but there’s more good news than bad, which is why you should buy stocks for the long term.

 

This AI Company Is The Future Of Gold Exploration

“Some people call it ‘peak gold,’ but I tend to think of it more as ‘peak discovery.’” Meet the brains behind Goldspot Discoveries, a first-of-its-kind quant shop that aims to use AI to revolutionize the mineral exploration business.

 

Peek Under The Hood: The iShares Russell 1000 Value ETF Has 14% Upside

For the iShares Russell 1000 Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $135.74 per unit.

 

Change Of Legislation – The Marketing Priority In The Balkans

About 20 percent of the companies have a dedicated marketing department, but most often it is a single person that deals with this part of the business. As a key benefit of collaboration with marketing agencies, respondents singled out expertise, professionalism and knowledge.

 

Washington Essentially Kills The Venezuela PDVSA Bond Market

Treasury issues amendment to latest Venezuelan sanctions round. Bond market put on ice.

 

Western Companies Like Apple And Land Rover Are Learning How Not To Do Business In China

According to UN estimates China’s population stands at 1.42 billion now, and with a growing middle class, that calculus seems to add to an easy win for Western consumer giants.

 




Component Price Targets Imply 12% Gains Ahead For S&P 500

For the SPDR S&P 500 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $303.71 per unit.

 

Facebook And Alphabet Lead List Of Balance-Sheet Powerhouses

These U.S.-based companies have $300 million or more in cash and debt less than 10% of stockholders’ equity.

 

The Math Shows The iShares Russell Mid-Cap Value ETF Can Go To $95

For the iShares Russell Mid-Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $95.27 per unit.

 

Companies Look To Supply Chains For Sustainability Gains

Companies looking to become more sustainable are increasingly looking beyond their own operations to the impact of their supply chains. They are asking suppliers to cut their emissions, disclose and manager their water risks and commit to removing deforestation from their operations.

 

From Beijing To Washington: Two Cities Might Dominate News Cycle This Week

The week begins with much of the focus on trade talks with China and not a lot of new data. Thin volume might be a factor, and volatility looks possible.

 

Analysts Expect 15% Gains Ahead For The Holdings Of The iShares Edge MSCI Multifactor USA ETF

For the iShares Edge MSCI Multifactor USA ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.71 per unit.

 

Brazil’s New Government Is Promising Wall Street The Moon

Economic Minister Paulo Guedes is making promises he probably cannot keep.

 

Three Reasons To Stop Checking Your Stocks Every Day

Checking stock prices daily is tempting, sadly it’s not a particularly useful way for many investors to spend their time.

 

EUR/USD Weekly Price Outlook: Euro Challenges 1.13 Support Pivot

Euro is attempting to break below a critical support zone with price testing fresh nine-week lows. Here are the levels that matter on the EUR/USD

 

Bitcoin: Traders Remain Net-Long

Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

 

Bearish Impulse Hits S&P 500 Rally; EURUSD and DXY Diverge

The SP 500 rally has pressed limits to an immediate extended third wave correction though short term evidence of bearish impulse builds. EURUSD has failed

 

EUR/JPY: Bounce Finds Sellers Sub-125, Break on the Horizon?

After a significant surge of Yen-strength to start the year, EUR/JPY has spent much of the time since in varying forms of recovery.

 




EUR/USD: Traders Net-Long Increase from Last Week

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading

 

FXWeek Ahead – Top 5 Events: RBNZ Meeting; UK & US CPI; Eurozone GDP

A variety of influences lies ahead for FX markets, including the possibility of another US government shutdown.

 

Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More

Webinar highlighting active trade setups we’re tracking this week. Here are the updated targets & invalidation levels that matter on the technical charts.

 

S&P 500 : Suggest a Mixed Trading Bias

Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

 

UK Week Ahead: USD, Data and Brexit Hurt Sterling (GBP) | Webinar

GBPUSD starts the week lower after a disappointing UK Q4 GDP release while the US dollar continues to push higher.

 

USDJPY to Fresh 2019 Highs as EURUSD Tests Below 1.1300

US Dollar Bulls continue to push towards the 2019 high, and a slew of Fed speakers on the calendar can continue the USD volatility throughout

 

USD Remains King, CHF Flash Crash, GBP & EUR at Crucial Support – US Market Open

USD Remains King, CHF Flash Crash, GBP & EUR at Crucial Support – US Market Open

 

SEK: Weak enough for now – TD Securities

“The SEK has depreciated more than any major currency in 2019. This weakness now looks overdone, however, and no longer appears to be supported by und

 

S&P500 Technical Analysis: Bulls keep the market above 2,700.00 figure

S&P500 daily chart

The S&P500 Index is trading between the 100 and 200-day simple moving averages (SMAs) suggesting a sideways market.
As discusse

 

NZD/USD looks to close the day modestly lower below 0.6750

The NZD/USD pair rebounded modestly in the early Asian session but lost its traction and turned negative on the day in the second half of the day. Tow

 

NZD/USD: Well anchored around 0.67-0.70 – BNZ

According to the  NAB Research Team, the NZD/USD pair looks to be in a consolidation phase and they see it could rise on the back of a US-China trade

 

Gold: Prices driven almost entirely by US Dollar movements – CIBC

Katherine Judge and Taylor Rochwerg, analysts at CIBC, point out that a weaker US dollar on the horizon prefaces higher gold prices. 

Key Quotes: 

 




USD/JPY: Forecast at 110 in 1-6M – Danske Bank

Analysts at Danske Bank see the USD/JPY pair trading around the current levels over the next twelve months as 2019 does not look particularly positive

 

RBNZ to reiterate a steady approach – BNZ

According to the  NAB Research Team, the Reserve Bank of New Zealand will keep the key interest rate steady on Wednesday, presenting a similar outlook

 

USD/JPY: Market bullish on trade and Central Bank divergence, eyes on 200-DMA

USD/JPY is currently trading just below the highs of 110.46 at 110.41, up from a low of 109.73.

USD/JPY was stalling at the 110 handle since the 21st

 

USD/TRY: We continue to remain bearish on the lira – Danske Bank

Analysts at Danske Bank remains bearish on the Turkish lira but they raise the medium- and long-term outlook slightly due to the currency stabilisatio

 

GBP/USD falls to 3-week lows on stronger US dollar

The GBP/USD pair dropped further during the US session as the greenback extended its rally across the board. Cable bottomed at 1.2843, hitting a 3-wee

 

The FTSE 100 ended higher by 0.82% at 7,129.11 as GBP/USD falls 0.6% on growth disappointments

On the growth numbers, these dropped to just 0.2% in the last three months of the year, below the 0.3% consensus and much lower than the 0.6% seen in

 

AUD/USD Technical Analysis: Slow bearish grind near the 2019 low

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving average (SMAs).

AUD/USD 4-hour chart

AUD/USD is trading

 

EUR/USD: We have reduced our year-end expectation to 1.24 from 1.27 – TDS

“Reflecting the global trend toward more cautious central bank hikes, we revise down our expectations for ECB rate hikes, with a single 15bps hike to

 

EUR/USD plummets to multi-month lows near 1.1270

The EUR/USD pair extended its daily decline in the NA session and touched its lowest level since late November at 1.1267. As of writing, the pair was

 

EUR/USD: Next trigger for a continued rebound will be a US–China trade deal – Danske Bank

Analysts from Danske Bank, forecast EUR/USD will move higher during 2019. They see the US-China trade deal as a trigger to the upside. 

Key Quotes:

 

USD/CHF Technical Analysis: Greenback bulls challenging the 1.0050 level

USD/CHF daily chart

USD/CHF is trading in a sideways trend above the 50, 100 and 200-day simple moving averages (SMAs).

USD/CHF 4-hour chart

 

EUR/GBP drifting to the upside as sterling loses speculative bid, targets set back on 0.88 handle

EUR/GBP has started to make a recovery in late January and penetrated the 0.88 handle last week, rejected in the 0.8820s. The pound had picked up a bi

 




USD/MXN breaks key level and jumps to 19.30, 1-month high

A stronger US dollar across the board boosted the USD/MXN pair to the upside. After breaking the key resistance level around 19.20, the pair gained mo

 

Gold finds support ahead of $1300, recovers modestly to $1310

The XAU/USD pair fell to a daily low of $1303.80 in the early NA session before staging a modest rebound in the last couple of hours. As of writing, t

 

EUR/USD Technical Analysis: Euro plummets to multi-month lows

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 
EUR/USD reached its lowest point since mid-

 

Fed’s Bowman: ‘Comfortable’ with current monetary policy stance

Federal Reserve Board Governor Michelle Bowman in her first public speech on Monday said that she was comfortable with the current monetary policy sta

 

GBP/USD: Bears eye 50% Fibo retracement to 1.2830

GBP/USD is under the weather following a number of misses in data overnight which reflects the impact of Brexit and come in stark contrast to that of

 

NY Fed: Households less optimistic about economy and personal finances

“While short- and medium- term inflation expectations were unchanged, households were generally less optimistic about the economy and about future cha

 

United States 3-Month Bill Auction climbed from previous 2.385% to 2.4%

United States 3-Month Bill Auction climbed from previous 2.385% to 2.4%

 

United States 6-Month Bill Auction increased to 2.45% from previous 2.44%

United States 6-Month Bill Auction increased to 2.45% from previous 2.44%

 

USD/CAD surges above 1.33 on oil sell-off, USD strength

After spending the majority of the day below the 1.33 mark, the USD/CAD pair started to climb higher fueled by the broad-based USD strength. As of wri

 

AUD/USD: Bears eye a run to 0.6950/the 61.8% retracement, but still plenty to be bullish for as well

AUD/USD has been capped by the 200-D SMA for a third time since the mid-April 2018 multiple top highs. The pair is driven by forces relating to trade,

 

WTI resumes slide, hits 3-week lows below $51.50

WTI (oil futures on NYMEX) dropped further during the US session and at the moment consolidates below the key $52.00 area suggesting more losses ahead

 

Breaking: Euro falls to fresh 2019 low on risk appetite driven US Dollar strength

The Euro is trading down some 0.4% below 1.1275 falling to the lowest level in 2019 as the US Dollar is broadly higher on improved risk sentiment.

Th

 




GBP/USD slumps below 1.29 as DXY advances to fresh 2019 highs

The GBP/USD pair came under heavy selling pressure during the European trading hours after the data from the UK, once again, highlighted the economic

 

Earnings Notes Crossing Wall Street

There are two minor earnings notes I wanted to mention. companies sometimes bury key data in earnings calls and not in their press releases.

In their

 

Eagle Bancorp’s Plunge In Retrospect Crossing Wall Street

After Eagle Bancorp‘s (EGBN) last earnings report came out, the stock plunged 10%. I though the results were just fine. The sudden drop caused some in

 

Morning News: February 11, 2019 Crossing Wall Street

Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room

The Next Wave of ‘Unicorn’ Start-Ups

Is Amazon Still Coming to New York City?

U.S.

 

Alex Kipman just hinted that Microsoft will announce a new version of HoloLens on February 24. Here’s everything we know about it

A new HoloLens has been in the works for a while and we may finally learn all about it at Microsoft’s MWC press conference.

 

CREDIT SUISSE: Here’s why investors shouldn’t assume China’s economy is already recovering

A Credit Suisse analyst says a rally across several sectors might be premature unless China’s government does much more to stimulate the economy.

 

Tesla’s biggest non-Musk shareholder just cut its stake in half — but the stock is still soaring (TSLA) | Markets Insider

Tesla shareholder T. Rowe Price cut its stake in half in the fourth quarter, a regulatory filing showed on Monday. 
As of September, prior to the div…

 

Goldman Sachs just dumped a trade recommendation that’s crushed the market over the past 2 years. Here’s why, and what it means for investors.

Goldman breaks down why companies with strong balance sheets have lost their edge.

 

Apple’s iPhone sales in China collapsed last quarter, and it’s because they cost too much

It wasn’t just Apple that got whacked, though, as China’s entire smartphone market shrunk nearly 10% in the quarter, lending credence to Apple officials saying that the drop was related to overall conditions in China.

 

Video-game maker Electronic Arts extends huge rally on the popularity of its latest game ‘Apex Legends’ (EA) | Markets Insider

Electronic Arts on Thursday announced that its latest game ‘Apex Legends’ hit 10 million gamers in three days.
Rival Fortnite’s viewership on the st…

 

Wall Street analysts slash Nvidia price target, say recent guidance cut is ‘a splash of cold water’ (NDVA) | Markets Insider

Nvidia lowered its fourth-quarter revenue guidance two weeks ago, citing weaker economic conditions in China and disappointing sales of its gaming and dat…

 

This is the only chart to watch ahead of the world’s impending economic slowdown

The trade war between Washington and Beijing, coupled with the impacts of January’s government shutdown, threaten to slow the US economic juggernaut.

 




How Citigroup’s innovation chief decides which startups to invest in

Citi’s VC arm has invested in nearly 50 companies over the years. CIO Vanessa Colella explains what it looks for when investing in a startup.

 

‘The bigger mystery is why anyone trusted Quadriga in the first place’: The story of the CEO who died with the passwords to $190 million of cryptocurrency is getting stranger by the day

The missing funds and circumstances of the CEO’s death have led to theories he faked his death in a scam. Then there was the odd way he ran the firm.

 

10 things you need to know before the opening bell | Markets Insider

Here is what you need to know.

Lauren Sanchez’s brother is the one who gave The National Enquirer Jeff Bezos’ private texts, The Daily Beast says. Michael…

 

Chegg stock rallies 8% on earnings beat, guidance increase

Chegg Inc. CHGG, +1.16% shares rose more than 8% in the extended session Monday after the online education services company reported fourth-quarter re

 

Dow logs four-day losing streak as U.S-China trade talks resume

U.S. stocks finished mixed Monday as investors looked out for signs of progress in U.S.-China trade talks. The S&P 500 SPX, +0.07% was up less than 0.

 

U.S. oil pares much of its losses by the finish, but still settle at a 2-week low

Benchmark U.S. oil prices logged their lowest finish in two weeks on Monday, weighed down by worries about energy demand and a stronger dollar. Prices

 

Omar apologizes for remarks that were criticized as anti-Semitic

Minnesota Democratic Rep. Ilhan Omar on Monday apologized for suggesting that support for Israel on Capitol Hill is driven by money. “Anti-Semitism is

 

Dow’s decline belies bullish market breadth

The Dow Jones Industrial Average DJIA, -0.21% is down 65 points, or 0.3%, with 16 of 30 components losing ground, and the S&P 500 SPX, +0.07% is easin

 

Dow transports surge as Norfolk and Avis stocks account for half the gains

The Dow Jones Transportation Average DJT, +1.25% surged 111 points, or 1.1%, in afternoon trade Monday, as rallies in shares of Avis Budget Group Inc.

 

Top Democratic lawmakers criticize Omar’s ‘use of anti-Semitic tropes’

The House Democrats’ leadership on Monday blasted Minnesota Democratic Rep. Ilhan Omar’s suggestion on Sunday that support for Israel on Capitol Hill

 

WisdomTree’s stock pops by more than 6% amid report it sought a sale to JPMorgan

Shares of WisdomTree Investments Inc. WETF, +5.53% on Monday soared by more than 6%, amid a report that it had explored a sale late last year to JPMor

 

Bed Bath & Beyond downgraded to sell from hold by Loop Capital on ‘unrealistic’ guidance

Bed Bath & Beyond Inc. stock BBBY, -0.45% was downgraded to sell from hold by Loop Capital on Monday with analysts saying its recent rise is unwarrant

 




T. Rowe Price lowers stake in Tesla

T. Rowe Price has cut down its stake in Tesla Inc. TSLA, +2.30% to 5.2%, or 8.977 million shares, according to a filing Monday. The institutional inve

 

Avis shares soar 7% as Goldman upgrades to buy from sell

Shares of Avis Budget Group Inc. CAR, +7.40% soared 7.1% Monday, after Goldman Sachs upgraded the stock to buy from sell, saying valuation looks attra

 

Dow turns negative in morning trade as declines in Disney, UnitedHealth stocks weigh

The Dow Jones Industrial Average pivoted lower Monday monrng, after opening with modest gains, as shares of Walt Disney Co. DIS, -1.86% and UnitedHeal

 

FDA takes actions against 17 companies selling products illegally claiming to treat Alzheimer’s

The Food and Drug Administration said Monday it has taken action against 17 companies that are “illegally selling” more than 58 products that claim to

 

Chespeake Energy’s stock turns lower again, in danger of 8th straight loss

Shares of Chesapeake Energy Corp. CHK, +0.42% swung to a loss of 0.8% in morning trade Monday, erasing a premarket gain of as much as 3.8%, to put the

 

Stock market starts week with modest opening gain as U.S.-China trade talks come in to focus

U.S. stock benchmarks climbed Monday morning, as investors watched a new round of negotiations between the U.S. and China on resolve tariff disagreeme

 

Tesla stock up 2% as Canaccord upgrades to buy from hold in bullish note

Tesla Inc. shares TSLA, +2.30% rose 2% in premarket trade Monday, after Canaccord upgraded the stock to buy from hold and said the electric vehicle st

 

22 of 30 Dow stocks rise premarket

The 82-pointgain in futures YMH9, -0.24% for the Dow Jones Industrial Average DJIA, -0.21% is being fueled by premarket gains in 25 of 30 Dow componen

 

Chipotle enlists Oscar winner Errol Morris for documentary-style ads

Chipotle Mexican Grill Inc. CMG, +3.53% said Monday that it has brought on documentarian Errol Morris to create digital and television ads that showca

 

Boeing’s stock rallies after J.P. Morgan raises price target to $450

Shares of Boeing Co. BA, -0.24% rallied 1.1% in premarket trade Monday, after J.P. Morgan raised its price target on the aerospace and defense giant,

 

Nvidia stock falls after Bernstein downgrades, says latest cut seemed ‘fundamentally demand-driven’

Shares of Nvidia Corp. NVDA, -1.16% are down 1.5% in premarket trading Monday after Bernstein analyst Stacy Rasgon cut his rating on the stock to mark

 

Jack Henry boosts dividend by 8%

Jack Henry & Associates Inc. JKHY, -0.93% said Monday it raised it quarterly dividend by 8.1%, to 40 cents a share from 37 cents a share. The payment

 




Top 5 Events for Week Ahead: RBNZ Meeting; UK & US CPI; US Retail Sales | Webinar

DailyFX Senior Currency Strategist Christopher Vecchio, CFA discusses the major data due over the coming week and how they will impact FX markets. – The Rese…

 

Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More

https://www.dailyfx.com/forex/video/live_events/2019/02/11/Weekly-Trade-Levels-for-DXY-EURUSD-Euro-USDCAD-Canadian-Dollar-Gold-Crude-Oil-WTI-Technical-Price-…

 

UK Week Ahead: Negative Sterling Sentiment Brewing | Webinar

With a poor set of UK Q4 GDP prints already out, Sterling may need some support as UK inflation nears. -Subscribe to DailyFX: https://www.youtube.com/DailyFX…

 

S&P 500 and NASDAQ 100 Forecast February 12, 2019

The S&P 500 initially tried to rally during the trading session on Monday, but then rolled over as we could not pick up any momentum as we await the results …

 

EUR/USD and GBP/USD Forecast February 12, 2019

The Euro fell rather hard during the trading session on Monday, slicing through the 1.13 level like it wasn’t even there. However, I think at this point it’s…

 

USD/JPY and AUD/USD Forecast February 12, 2019

The US dollar rallied a bit during the trading session on Monday, breaking above the 61.8% Fibonacci retracement level. This is an extraordinarily bullish ca…

 

WTI Crude Oil and Natural Gas Forecast February 12, 2019

The WTI Crude Oil market initially fell hard during the trading session on Monday, but we have seen support below the $52 level yet again. Because of this, I…

 

Bitcoin Forecast Febraury 12, 2019

Bitcoin continues to grind a bit sideways overall as we can’t go anywhere. After the action yesterday, it’s not a bit surprising that we simply sat still. Wi…

 

Gold Forecast February 12, 2019

Gold markets pulled back slightly to kick off the trading session on Monday, as traders came back from the weekend. While we are overextended at this point, …

 

Wirecard climbs after big declines last week

After allegations of potential financial irregularities, the German internet payment processing company, Wirecard, is higher today after chief executive offi…

 

Long Dow Industrials | Trade of the week

IG chief market analyst, Chris Beauchamp, discusses his long Dow trade. Taking the position at 25,164, Chris places his stop-loss at 24,870. He also looks ba…

 

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Have a nice trading!




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