Heads-up News 

Sydney Trading Session Heads Up Monday, January 7, 2019

Sydney opening news digest

10 Major Trends Driving Banking in 2019: Banking’s Evolution Accelerates

A decade after the global banking crisis, 2019 looks like it could be a year of tipping points in the evolution of the industry. Some markets will evolve more slowly, while others are already over the top of the digital disruption roller coaster and picking up speed on the downslope.


Keep On Trucking With This Undervalued Stock

This company benefits from an unprecedented surge in freight demand, an economic story that has received relatively little attention due to the focus on tax cuts and tariffs that have dominated 2018.


Why Is Celgene A Strategic Fit For Bristol-Myers Squibb

Bristol-Myers Squibb (NYSE:BMY) recently announced its plan to merge with Celgene in a $74 billion deal. The combined entity will have revenues of over $37 billion, and earnings could be as high as $6 per share in the coming years, according to our estimates. We have created an interactive dash…


Is The Fed Done Hiking Rates? Watch The Price Of Gold

King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. So will rates continue to rise in 2019? If not, gold and other commodities might benefit.


For Some Fund Managers, Bear Markets Are The Best Time To Buy Stocks

The odds that stock prices will be higher in three to five years are highest after a bear market. John Archer, one of my managers who made money for clients last year, is currently 25% in cash and looking to buy Alibaba, Guidewire and Facebook.


China’s Central Bank Has Lost Its “Sex Appeal”

This isn’t the usual China stimulus program. Wall Street wants way more from Beijing.


5 Dividend Aristocrats Where Analysts See Capital Gains

To become a “Dividend Aristocrat,” a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years.


What’s Driving First Solar’s Weaker Than Expected Margin Guidance?

2019 could prove to be an interesting year for First Solar , the largest U.S. solar panel manufacturer, as it scales up production of its much anticipated Series 6 panels. Production of the next-generation panel is likely to grow to between 3 GW and 3.2 GW this year.


Investors Remain Cautious As China Trade Negotiations Begin

Mid-level meetings in Beijing set the stage for what is expected to be a short-lived trade war ceasefire.


Making Sense Of Tesla’s $2,000 Price Cut

Tesla recently indicated that it would be cutting prices on all its vehicles in the U.S. by $2,000, to mitigate the impact of the reduction of the federal EV tax credit on its vehicles which took effect from January 1.


What To Expect From Bed Bath & Beyond’s Fiscal Q3

Bed Bath & Beyond is scheduled to announce its fiscal third quarter results on Wednesday, January 9. In the first half of the fiscal year, the retailer’s revenue came in flat year-over-year (y-o-y), as a 0.6% decrease in comparable sales was partially offset by an increase in non-comparable sales


The iShares U.S. Financials ETF’s Underlying Holdings Imply 22% Gain Potential

For the iShares U.S. Financials ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $131.69 per unit.


The Euro Has Failed To Exercise Esemplastic Power

The Euro is now 20-years old. It has failed to deliver widespread economic growth nor has it led to support for European institutions. I can see a major crisis within the next five-years that will shake the currency to the core.


Robot Selections: 10 Cheapest Stocks

These ten U.S. stocks have a market value of $500 million or more and debt less than stockholders’ equity.


How The Parts Add Up: The iShares Core S&P U.S. Growth ETF Targets $62

For the iShares Core S&P U.S. Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.28 per unit.


Bear Market Rally From Christmas Lows Continues

The key to the bear market rally comes from the Dow Jones Transportation Average, which traded as low as 8,850.49 on January 3.


The 5 Best Money Moves For 2019

What are the best money moves for 2019. Look no further.


Builder KB Home To Offer ‘Wellness’ Software As Smart Home Race Heats Up

The Darwin platform is designed by Delos, a New York-based technology startup that has raised over $200 million to develop what it calls “wellness real estate.”


Fed Chair Powell Blinked

On Friday January 4th, the Fed’s Powell went a long way towards mending some mistakes and the damage done at the December FOMC meeting and press conference.


Finding The Bottom Of The Crash

Old school volatility is back and a crash pattern is unfolding like many before it. So the question is: where is the hard bottom of this crash?


Stocks This Week: Buy Regeneron And Starbucks

Here are two more stocks that are likely to lead the market rally.


Why This For-Profit College Will Cancel $500 Million Of Student Loans

This for-profit college is forgiving nearly $500 million of student loan debt to settle allegation of deceptive practices.


In Apple Loss, How Big A Deal Is China, Really?

Last Thursday was a bloodbath in the U.S. stock market following Apple’s losses associated with China. Was it all China’s fault?


Barclays: Fed Will Raise Rates Two To Three Times, Despite Weaker Growth

The U.S. has the highest interest rates in the advanced economies and is the only carry-trade in the investment grade universe.


3 U.K. Stocks To Buy In 2019

3 stocks to buy in 2019 that have huge upside potential, and here is exactly why!


Apple’s Shocking Market Decline In Perspective [Infographic]

Putting last Thursday’s wipeout into perspective, Apple lost more than the individual market capitalization of Facebook, Alibaba or JP Morgan Chase.


USDJPY: Traders Remain Net-Long

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


GBPUSD: Traders Remain Net-Long

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


S&P 500 Sentiment Suggests a Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.


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.


EUR/USD Net ShortTraders May Push Prices Higher

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


Gold Prices Pare Post-NFP Losses, RSI Clings to Bullish Formation

Gold prices may continue to catch a bid over the coming days as the Relative Strength Index (RSI) clings to the bullish formation carried over


Near-term Trade Setups in USD/CAD and AUD/USD

An update on near-term trade setups we’ve been tracking in USD/CAD and AUD/USD. These are the targets and invalidation levels that matter this week.


S&P 500 Kisses Trend Line, USDJPY May Have Started Multi-Year Rally

Though SP 500 has rallied, it has merely reached the underside of a broken trend line. The spike low on USDJPY may initiate a multi-year


FX Week Ahead: FOMC Minutes, BOC Rate Decision, December US CPI

The first full week of 2019 sees a bit more activity on the calendar, although ‘gamechangers’ are few and far between.


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

Webinar highlighting active setups we’re tracking across the US Dollar Majors. Here are the updated targets & invalidation levels that matter into the start of


Sterling (GBP) Week Ahead: Brexit Handcuffs Sterling | Webinar

Brexit returns to the headlines with PM May’s contentious Brexit bill heading for a vote in Parliament on Tuesday next week. And, as it stands,


US ISM Services Index Misses Expectations in December

The December 2018 Non-Manufacturing PMI drops nearly 6 percent as growth in supplier deliveries, inventory buildup and order backlogs fades.


US Dollar Threatens Two-Month Lows as EUR/USD Tests Key Resistance

The US Dollar is fast-approaching the two month low, but the big question for this week is whether US equity bulls can hold the line


EUR Eyes 1.15, GBP Volatility to Return – US Market Open

EUR Eyes 1.15, GBP Volatility to Return – US Market Open


CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY


US Dollar Index Technical Analysis: Solid 370-pip recovery from the flash crash as 109.70 is on the cards

USD/JPY daily chart

USD/JPY is having a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs). 
USD/JPY recovered 370 pips


USD/TRY continues to oscillate around the 55-day MA – Commerzbank

Analysts at Commerzbank, points out that the USD/TRY pair remains in range-bound above the 2018-19 support line and above the 200 day moving average a


US Dollar Index Technical Analysis: DXY loses the grip of the 96.00 figure

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above the 50, 100 and 200-period simple moving averages (SMAs). 

DXY 4-hou


USD/MXN heads for the lowest close since October below 19.40

The Mexican peso continued to rise on Monday against the US dollar and hit the highest level since late October, supported by an improvement in risk a


NZD/USD: Bears squeezed until key confluence level around R1

NZD/USD bears have been squeezed again due to continued weakness in the greenback following the dovish rhetoric that Powell delivered on Friday and a


USD/CAD: Crude oil plays a more significant role – NBF

According to National Bank of Canada analyst Krishen Rangasamy, the influence of crude oil prices in the Loonie has risen while the impact of interest


USD/JPY hits fresh highs but remains limited above 108.50

The USD/JPY rose further during the American session and reached at 108.62, the highest level since Thursday’s mini flash crash. As of writing trades


US Pres. Trump to address the nation about the government shutdown on Tuesday

Citing people familiar with the matter, the New York Times reported that the White House asked television networks to pause prime-time programming on


USD/CAD extends decline, touches lowest level since early December below 1.3280

After breaking below the 1.33 mark, the USD/CAD pair continued to edge lower in the NA session and dropped to its lowest level since December 7 at 1.3


UK’s FTSE drops below the 23.6% Fibo and 7000 psychological level

Investors await the sound bites from a highly anticipated meeting between officials from Beijing and Washington due to meet later in the day in what w


AUD/USD Technical Analysis: Aussie at daily highs testing the 0.7150 level

AUD/USD daily chart

AUD/USD is trading in a bear trend below the 50, 100 and 200-period simple moving averages (SMAs). 
AUD/USD had a 300-pip reco


SNB’s Zurbruegg: CHF remains highly valued, markets are fragile

In an interview with Swiss broadcaster SRF on Monday, the SNB’s Vice-Chairman Fritz Zurbruegg said that the CHF remained highly valued and markets wer


Precious metals poised for more upside, but slipping on the session; Silver holds above critical pivot point

Silver prices have been tracking the performance in both gold and the US dollar and silver has cracked the 23.6% Fibo and daily pivot point just above


Fed’s Bostic: ‘Currently’ sees only 1 rate hike for 2019

Additional comments from Atlanta Fed President Raphael Bostic are now crossing the wires.

Key quotes (via Reuters)

‘Currently’ sees only 1 rate hi


Fed’s Bostic: Government shutdown’s impact could become ‘more material’ if it endures

Atlanta Fed President Raphael Bostic is now on the wires, delivering the key remarks found below.

US economy looks ‘pretty solid’.
Market volatili


US: ISM Non-Manufacturing weakens but not as much as the manufacturing index – Wells Fargo

The US ISM Non-manufacturing Index dropped in December from 60.7 to 57.6. The non-manufacturing index did not weaken as much as the manufacturing inde


Wall Street builds on Friday’s gains, Nasdaq and S&P 500 both up more than 1%

After starting the day on a mixed note, major equity indexes in the United States gathered momentum and extended last Friday’s rally as investors are


S&P500 Technical Analysis: Bulls in good shape eyeing 2,600.00 figure

S&P500 daily chart

The S&P500 is having a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs). 

S&P500 4-hour chart


AUD/USD: Bulls eye the 38.2% fibo ahead of 200-day SMA at 0.7339

AUD/USD has continued its recovery from last week’s the flash crash, initially picking up a bid due to profit taking and bargain hunting, looking for


Gold retreats below $1290 as Wall Street gains traction

Although the XAU/USD pair continued to climb toward the critical $1300 mark, it lost its momentum in the second half of the day and gave back a majori


EUR/USD rises to 1.1470 as the US Dollar retreats

The EUR/USD rose further during the American session and printed a fresh daily at 1.1471, reaching the strongest since January 2. Price remains near t


Oil Technical Analysis: Black Gold bulls at the $50.00 gate

Oil daily chart

Crude oil WTI is trading in a bear trend below the 200-period simple moving average (SMA).
Bulls are attempting to create a revers


WTI en-route for the 23.6% Fibo retracement of Sep decline

Oil prices picked up into the final days of 2018 and have continued to move up. Profit taking kicked in in thin holiday markets where the price manage


United States 6-Month Bill Auction dipped from previous 2.48% to 2.47%

United States 6-Month Bill Auction dipped from previous 2.48% to 2.47%


United States 3-Month Bill Auction fell from previous 2.415% to 2.41%

United States 3-Month Bill Auction fell from previous 2.415% to 2.41%


USD/CAD drops to multi-week lows near 1.33 as oil recovery gathers momentum

After spending the first half of the day in a relatively tight range near 1.3350, the USD/CAD pair came under a renewed pressure in the last hour and


Saudi Arabia plans export cut of 800,000 barrels a day from November levels

Citing OPEC officials familiar with the matter, Dow Jones Newswires reported that Saudi Arabia is planning an export cur of 800,000 barrels per day fr


GBP/USD: Stretching higher above 38.2% Fibo, bulls eye 2018-2019 resistance line at 1.2829

GBP/USD has been given a leg up despite the pending risks associated with whether the meaningful vote, held in The Commons later this month whereby PM


USD/JPY turns flat near 108.50 as markets ignore disappointing PMI data

The USD/JPY extended its rebound in the NA session and was last seen flat on the day at 108.50. Earlier in the day, the pair tested the 108 handle but


USD/CHF Technical Analysis: Greenback at 3-month’s low against CHF

USD/CHF daily chart

USD/CHF is trading in a sideways trend below the 50, 100 and 200-period simple moving average (SMA).
USD/CHF is trading near i


The Members Exchange Crossing Wall Street

The Wall Street Journal reports that a new exchange is being launched, the Members Exchange.

A group of financial heavyweights including Morgan Stanl


‘That’s not true’: Amazon’s Alexa just hilariously interrupted a Qualcomm representative in the middle of a demo at CES

Amazon’s Alexa just proved it has a mind of its own.


Trump firing Fed Chairman Jerome Powell could send shockwaves through the markets | Markets Insider

President Donald Trump has mulled firing his pick for Chairman of the Federal Reserve, according to reports.
He could technically do so, according to expe…


MoviePass posted an HR job listing following months of turmoil and employee allegations of inappropriate behavior

After MoviePass fired its two-person human resources department in November, some staffers have been unhappy. Now MoviePass is looking to hire a new HR person.


Nvidia is surging after unveiling new chips targeting cost-sensitive laptop gamers (NVDA) | Markets Insider

Nvidia on Sunday unveiled GeForce RTX 2060, which at $349 can make the company’s new Turing architecture accessible to laptop gamers.
The three first GeFo…


A group of Wall Street firms are planning to launch a stock exchange that should ‘scare the living daylights out of NYSE and Nasdaq’

Nine market participants, including Morgan Stanley, Fidelity, and Citadel, are planning to launch an equities exchange.


What you need to know on Wall Street today

Hello. Here’s what you need to know on Wall Street today.


Gas stations in Mexico are running dry after the state-owned oil company cracked down on rampant fuel theft

Mexican citizens shared photos of long lines and hot tempers after Pemex shifted some deliveries to trucks instead of pipelines.


Amazon just became the world’s most valuable company, ending Microsoft’s spot at the top after 5 weeks

Amazon capped a strong holiday sales period by claiming the spot as the world’s most valuable company.


Tensions are flaring between Barclays and a corporate raider, who’s agitating to grab more control of the British bank

Corporate raider Edward Bramson is agitating for more control of Barclays and is maneuvering to change the composition of the company’s board.


Snap gets hit with a downgrade as analyst says it may need to give out more stock to keep key employees (SNAP) | Markets Insider

Snap was downgraded at Pivotal Research after analyst Brian Wieser said it may need to give out more stock to keep key employees.
The social-media company…


PG&E is tanking after report says it’s considering filing for bankruptcy protection (PCG) | Markets Insider

Pacific Gas & Electric Company (PG&E) is considering bankruptcy protection for some or all of its businesses, according to a report out late Frida…


Ford could launch new wireless, connected-car tech by 2022

The Ford technology could arrive in 2022. The tech, called C-V2K, would allow direct communication between connected devices.


Amazon will soar more than 20% as it becomes a ‘third force’ in advertising behind Google and Facebook, analyst says (AMZN) | Markets Insider

Amazon is set to soar over 20% by the end of the year, according to a new report from Pivotal Research.
Analyst Brian Wieser told clients that despite Ama…


The best-performing investment of 2018 came as a shock to everyone — and the stars are now aligned for its continued dominance

Nearly ever asset class lost money in 2018, with one very surprising exception. Here’s why that area of the market will keep outperforming in 2019.


General Electric is surging after report says the buyout firm Apollo is eyeing a bid for its jet-leasing business (GE) | Markets Insider

General Electric’s aircraft leasing unit is being eyed by the alternative-asset-manager Apollo Global Management, a report said.
Apollo has met with lende…


Here’s how the risky behavior of debt-heavy corporate giants like GE and AT&T could spark the next financial crisis

The major surge in debt issuance by US corporates through LBOs and leveraged loans could be a major part of the next financial crisis.


Tesla is rallying after breaking ground on its Shanghai Gigafactory (TSLA) | Markets Insider

Tesla CEO Elon Musk kicked off the construction of the electric-car maker’s new $2 billion Gigafactory in Shanghai, China, on Monday.
A China-based factor…


A former top Bank of America executive is reportedly in the running for UBS CEO role

Ex-investment banking head at Bank of America, Christian Meissner, is reportedly in talks to become CEO at UBS, replacing Sergio Ermotti.


Amazon stock surges to surpass Microsoft as most valuable U.S. company

Amazon.com Inc. AMZN, +3.44% shares rallied Monday to unseat Microsoft Corp. MSFT, +0.13% as the most valuable U.S. company based on market capitaliza


U.S. stocks book solid gains on optimism over U.S.-China trade talks

U.S. stocks pushed higher on Monday after reports senior Chinese officials attended trade negotiations with the U.S., seen potentially increasing the


Oil futures settle higher, but well below the session’s high near $50

Oil futures climbed on Monday, buoyed by optimism tied to trade talks between the U.S. and China as well as output reductions by major oil producers.


GE’s stock surges toward 6th straight gain after reports of jet-leasing business sale prompts upgrade

Shares of General Electric Co. GE, +6.20% powered up 5.5% toward a sixth-straight gain in afternoon trade Monday, enough to pace its industrial-sector


Pizza Hut expands beer delivery in time for the Super Bowl

Pizza Hut is expanding its beer delivery to nearly 300 restaurants, including locations in Florida, Ohio, Nebraska and California, in time for Super B


QEP Resources’ stock soars after company confirms Elliott’s $2.1 billion buyout bid

Shares of QEP Resources Inc. QEP, +40.30% soared 42% in afternoon trade Monday, on track for the biggest one-day gain since they went public nearly ni


Key by Amazon adds Wi-Fi deadbolt, Key for Garage and other products and services

Amazon.com Inc. AMZN, +3.44% said Monday that it’s adding a variety of products and services to Key by Amazon, a smart system that locks and unlocks c


Trump plans Tuesday prime-time address to nation on border security

President Donald Trump said he’ll address the nation Tuesday night at 9 p.m. Eastern about “the Humanitarian and National Security crisis on our South


Sage Therapeutics’s stock shoots higher after postpartum depression treatment’s positive trial results

Shares of Sage Therapeutics Inc. SAGE, +42.68% shot up 44% in active early-afternoon trade, after the Massachusetts-based biopharmceutical company sai


La Jolla Pharmaceutical’s stock plummets to pace Nasdaq losers after downbeat drug guidance

Shares of La Jolla Pharmaceutical Co. LJPC, -50.19% plummeted 44% in midday trade Monday to pace all Nasdaq losers, after the company provided downbea


Mastercard to drop its name from its logo for sponsorships and at retailers

Mastercard Inc. MA, +0.77% said Monday that it will drop its name from the interlocking red-and-yellow-circle logo at retail locations where Mastercar


World Bank president Jim Kim to step down, join infrastructure fund

The president of the World Bank, Jim Kim, on Monday announced he was stepping down from the global lending institution. Kristalina Georgieva, World Ba


Dillard’s shares jump 6% after J.P. Morgan upgrade on ‘upscale’ shift

Dillard’s Inc. DDS, +5.92% shares jumped 6% in Monday trading after the department store retailer was upgraded to neutral from underperform at J.P. Mo


Amazon jumps past Microsoft to take top spot on largest U.S. companies list

Shares of Amazon.com Inc. AMZN, +3.44% ran up 2.5% in morning trade Monday, extending their 14% surge over the previous two weeks, enough to propel th


Greenspan says stock market ‘is still a bit too high’

Former Federal Reserve Chairman Alan Greenspan on Monday said that despite the stock market’s steep decline, it is still a bit overvalued. Equities ar


Tesla stock gains 3% after company breaks ground on Chinese factory

Shares of Tesla Inc. TSLA, +5.44% rose 3% in midday trading Monday on the heels of the Silicon Valley auto maker’s breaking ground on its factory in S


Mattel shares jump 6% after deal with boy band BTS announced

Mattel Inc. MAT, +7.68% shares jumped 6% in Monday morning trading after the toy company announced a partnership with international superstar boy band


Cement, steel maker stocks mixed after Trump offers to make border wall with steel instead of concrete

Shares of cement producers were mixed in morning trade Monday, after President Trump said over weekend that the border wall he wants could be made of


U.S. stocks struggle for direction in early trade, following powerful Friday rally

Most U.S. stock indexes traded lower Monday morning as investors watched developments in trade, following upbeat news on Friday from the labor market


Justice Ginsburg will not attend Supreme Court arguments Monday: reports

Supreme Court Justice Ruth Bader Ginsburg will miss oral arguments Monday, according to various reports Monday. Ginsburg underwent cancer surgery on D


Roku’s stock soars after upbeat active user, streaming hours update

Shares of Roku Inc. ROKU, +25.05% ran up 9.1% in premarket trade Monday, after the streaming TV content connection services company provided an upbeat


Dollar Tree shares rise after activist investor takes a stake, makes nominations for the board

Dollar Tree Inc. DLTR, +5.46% shares rose 3.2% in Monday premarket trading after Starboard Value LP announced its nominations for the retailer’s board


Cutera CEO resigns after results ‘dissatisfied’ board

Cutera Inc. CUTR, -21.66% said Monday that Chief Executive James Reinstein has resigned, effective immediately, after two years in the role. The provi


Axsome’s stock nearly triples on heavy volume after positive trial of depression treatment

Shares of Axsome Therapeutics Inc. AXSM, +161.22% rocketed 164% in very active premarket trade Monday, after the biopharmaceutical company developing


Hologic’s stock surges after revenue outlook beats expectations

Shares of Hologic Inc. HOLX, +3.42% ran up 4.7% in premarket trade Monday, after the medical technology company provided a fiscal first-quarter revenu


Celgene provides 2019 profit and sales outlooks above expectations

Celgene Corp. CELG, +3.09% the biopharmaceutical company that agreed last week to be acquired by Bristol-Myers Squibb Co. BMY, +3.24% in a mega-deal v


Nucor to create 400 jobs as it invests $1.35 billion to build a new steel mill

Nucor Corp. NUE, -0.76% said Monday it expects to create about 400 new full-time jobs as it invests $1.35 billion to build a new steel mill in the U.S


Luxoft’s stock soars after DXC buyout deal valued at $2 billion, or 86% premium

Shares of Luxoft Holding Inc. LXFT, +81.96% rocketed 83% in premarket trade Monday, after the technology services and consulting company agreed to be


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



UK Week Ahead: Brexit Handcuffs Sterling | Webinar

A New Year but a familiar UK market driver – Brexit. Will PM May’s bill get voted through next week? -Subscribe to DailyFX: https://www.youtube.com/DailyFXNe…


S&P 500 and NASDAQ 100 Forecast January 8, 2018

The S&P 500 rallied a bit during the trading session on Monday but gave back a bit of the gains towards the end of the day. We are approaching a major area o…


WTI Crude Oil and Natural Gas Forecast January 8, 2018

The WTI Crude Oil market initially tried to rally during the day on Monday, but you can see that we have ran into a lot of resistance at the downtrend line, …


Bitcoin Forecast January 8, 2018

Bitcoin markets rallied a bit during the day on Friday, reaching towards the downtrend line. The $4000 level got broken above, and it’s very likely that we w…


Could UK retail be the big upside surprise this week?

Having seen a better-than-expected announcement last week from clothing retailer Next and, today, the 11% rise in shares of homewares retailer Dunelm, could …


Cheer Up


Now that the S&P downgraded US Debt the White House said it’s working on a ‘plan B.’
Unfortunately, the B stands for “bake sale.”


Image courtesy: s3.amazonaws.com

Have a nice trading!

Related posts