Heads-up News 

Sydney Trading Session Heads Up Monday, June 17, 2019

Sydney opening news digest

How Does Vale’s Iron Ore And Pellet Business Compare With Its Major Peers?

Vale (NYSE:VALE) has maintained its leadership position as the world’s largest iron ore miner over the last couple of years, led by rising volume and high grade ore production. The growth of its iron ore and pellet business is crucial for the company as it contributes close to three-quarters of …

 

Why Apple Should Design Its Own Baseband Chips

There have been reports that Apple (NASDAQ:AAPL) could acquire key parts of Intel’s German smartphone modem operations, as it looks to build its own 5G chips for the iPhone. Below, Trefis estimates the potential financial upside for Apple from designing its own modems and what it could mean for …

 

Billionaire Investor: “Gold Has Everything Going For It”

Billionaire investor Paul Tudor Jones, founder of and hedge fund manager at Tudor Investment Corp., said this week that geopolitical disruptions have made gold his favorite trade for the next 12 to 24 months.

 

Cyprus Doesn’t Want A Christmas Present, It Prefers A Good Valuation From Moneyval

Cyprus hopes for a very good valuation from Moneyval in order to convince everyone that the country’s banking and professional services sectors have really changed mentality, not just by adopting all the international standards, but also by applying them.

 

Bitcoin Prices Have Tripled Since December–What’s Next?

Bitcoin reached a fresh, 2019 high today of nearly $9,400. Will it hit $10,000 soon?

 

Trade War Update: Market Not Prepared For More China Tariffs

Fitch says global growth will be even worse if Trump slaps China with tariffs on everything.

 

The Implied iShares Russell Mid-Cap ETF Analyst Target Price: $61

For the iShares Russell Mid-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.77 per unit.

 

Unlocking The Potential Of Africa’s Historic Trade Agreement

At the end of May, Africa’s landmark free trade deal came into effect, accompanied by widespread optimism that it could usher in a new era of intra-African trade possibilities and prosperity for the continent’s citizens.

 

Analysts Forecast 11% Upside For The Holdings Of The Vanguard Mega Cap Value ETF

For the Vanguard Mega Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $88.43 per unit.

 

New Retirement Bill Is Coming: The SECURE Act -Setting Every Community Up For Retirement Enhancement

The SECURE Act – Setting Every Community Up For Retirement Enhancement.

 

Kazakhstan Passes Torch To New Leader. Investors Hope For More Lively Market.

Nursultan Nazarbayev is the last remaining Soviet-era leader. He is turning his country into an up and coming Central Asian capital market. Now he goes behind the scenes and gives up (some) power.

 




The Dow And S&P Poised For New Highs While Transports, Russell 2000 Lag In Corrections

The DJIA, S and P 500 and Nasdaq Composite are above their annual pivots while the Dow Transportation Average and Russell 2000 are below their annual risky levels.

 

FICC Trading Assets For Goldman, BofA And Other U.S. Investment Banks Grew 50% In 3 Years

The total FICC trading portfolio for the largest banks was $0.85 trillion in size in 2015. Improved market conditions and higher valuation pushed this figure to over $1.1 trillion by 2018. Trefis estimates that steady growth in the industry will help the figure cross $1.3 trillion in 5 years.

 

Add Up The Pieces: The Invesco S&P 500 Equal Weight Technology ETF Could Be Worth $188

For the Invesco S&P 500® Equal Weight Technology ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $188.00 per unit.

 

The 5 Best Investment Strategies In A Volatile Market

The S&P 500 is hanging right around 2850. In late January, 2018, it hit a then closing peak of 2872. In the 17 months since it’s struggled a couple of

 

The Auto Industry Is Nowhere Near The On-Ramp For Self-Driving Cars

Despite Elon Musk’s bullishness, the truth is the global auto industry is years away from developing a fully-autonomous vehicle, and I don’t think we will such cars on the road until the end of the next decade at the earliest.

 

Fed Shuffle: Markets Seen Treading Water Ahead of Key Central Bank Meeting

Fed week begins with futures prices showing about one in five odds of a rate cut at the meeting. Historically, that would point toward low likelihood of a move, but it can’t be ruled out. Also, the Fed’s statement and press conference, along with its “dot plot” are likely to give more insight.

 

Increasing Demand For Digital Transformation Solutions Should Have Boosted Adobe’s Fiscal Q2 Results

Adobe reports its fiscal Q2 2019 earnings on Tuesday, June 18. Trefis anticipate the benefits of Adobe’s alliance with Microsoft and SAP to start contributing to strength in the company’s analytics business. Per our estimates, Adobe’s shares have a fair value of $259.

 

Fish Farms Face Threats To Growth Prospects From Climate Change And Antibiotics Overuse

As populations grow and the environmental impacts of the meat industry become more obvious, fish farms are well placed to take advantage of changing trends. But aquaculture faces its own threats, including climate change, disease, overuse of antibiotics and governance challenges.

 

U.S.-India Energy Partnership, With $1 Trillion At Stake, Expected To Grow After Modi Win

Last month, Prime Minister Narendra Modi secured another 5-year term that delivered a mandate for Modi to continue his structural and financial reform agenda, underpinned by a litany of energy sector improvements that have already secured billions of dollars in U.S. investment.

 

The Implied Analyst 12-Month Target For The iShares U.S. Financial Services ETF

For the iShares U.S. Financial Services ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $147.45 per unit.

 

Four Stocks With Low Debt And High Profitability

One paradigm for beating the market is to look for stocks that have return on equity above 20% and less than 10% debt.

 

Wall Of Worry: Are We Willing Ourselves Into Recession?

Human nature is a funny thing. We all want the good times to continue, but if they last too long, we start to wonder when it’s all going to end.

 




Differentiating with Algorithms: A Case Study

This is a case study about leveraging Algorithms to optimizing prospecting and sales in a highly competitive market.

 

This Survey Should Terrify Trump

Duke University’s latest CFO survey has almost 70% of them predicting a recession by the end of 2020. If the CFOs act on their concerns by decreasing investments and hiring, then President Trump’s strongest talking point about his Presidency and reelection could substantially weaken.

 

Elizabeth Warren: Here’s My Plan To Cancel Student Loan Debt

U.S. Senator Elizabeth Warren proposes to cancel student loan debt.

 

U.S.-China Trade War: Where Do Economies Go From Here?

The U.S.-China trade war has lingered far longer than most had hoped. So what does this mean for investors?

 

Dow Jones Bulls Hold to Dovish Hopes Ahead of Fed Meeting

The Dow Jones tracked marginally higher on Monday as traders prepared for Wednesday’s FOMC meeting. With trade wars and an uncertain global growth outlook, dovish expectations are high.

 

Canadian Dollar Price Outlook: USD/CAD Recovery Eyes Trend Resistance

The US Dollar recovery has put Loonie on the defensive with price now approaching a key inflection zone. Here are the levels that matter on the USD/CAD price charts.

 

US Dollar Bounces at Support While Gold Prices Stuck Below Resistance

US Dollar bounces at nine-month support line. Gold price Elliott wave outlook towards lower levels on the inability to break through resistance.

 

USD, Gold & Stock Price Volatility Eye Looming Fed Meeting

What might implied volatility measures suggest about the next direction in spot gold, the US Dollar and stocks ahead of this week’s FOMC rate decision?

 

Weekly Trade Levels for US Dollar, Euro, Sterling, Aussie, Gold & Oil

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

 

Copper Price May Probe Two-Year Low

Did we get it right with our various forecasts? Find out more for free from our Q2 USD and main currencies forecasts

On June 11, Copper’s attempted t

 

FX Week Ahead – Top 5 Events: UK Inflation, Canada Inflation, Fed Meeting, New Zealand GDP, BOJ Meeting

At long last, the highly anticipated June Fed meeting is on deck. All other economic data releases will be playing second fiddle over the coming week.

 

US Dollar Price Outlook: USD Bounce in Focus as FOMC Forecast Looms

The US Dollar put in a brisk recovery last week from the early-June sell-off; but with FOMC on Wednesday, will USD-bears be able to push down to fresh lows?

 




GBPUSD Bounces Off Key Trendline Support from Flash Crash Low – US Market Open

GBPUSD Bounces Off Key Trendline Support from Flash Crash Low – US Market Open

 

Weekly Technical Forecast: Dow and EURUSD Reverse, Gold and Oil Extend Runs

Faced with the prospect of forcing key breakouts that could systemically alter the market’s bearing, the US indices and EURUSD instead folded to technical pressure. Not all markets have lost traction and conviction. Both gold and oil have extended major bullish and bearish trends, respectively.

 

Weekly Trading Forecast: Fed Hopes Compete with Trade War Fears

A week ago, it seemed that some relief from trade wars would filter through to stimulate further relief rallies. As we move into the new trading week, it is clear that this persistent theme is once again firmly a concern – and reinforced by flagging economic growth. Will Fed support

 

EUR/USD technical analysis: Euro about to end the day unchanged near 1.1220

EUR/USD is in a bear trend below its 100 and 200-day simple moving average (DSMA). The market is challenging the 50 DSMA near 1.1219. EUR/USD 4-hour

 

United States Total Net TIC Flows came in at $-7.8B, below expectations ($17B) in April

United States Total Net TIC Flows came in at $-7.8B, below expectations ($17B) in April

 

United States Net Long-Term TIC Flows above expectations ($6.5B) in April: Actual ($46.9B)

United States Net Long-Term TIC Flows above expectations ($6.5B) in April: Actual ($46.9B)

 

WTI: Bears in control below the 200-W EMA at 61.8% Fibo

WTI was trading at $51.68, – 0.80%, and travelling between the day’s range of $51.60 and $52.72, in the main consolidating the downtrend from the $63.

 

BoC’s Schembri: 2% inflation target is being reviewed

In his prepared speech to be delivered at an event in Ottawa, Bank of Canada’s deputy governor Lawrence Schembri said that flexible exchange rate was

 

Gold remains on track to close with small losses below $1340

The XAU/USD pair, which closed higher on the weekly chart for the fourth straight time last week, is fluctuating in a relatively tight range on Monday

 

EUR/JPY technical analysis: Up-side correction faded back towards descending channel

 

NZD/USD: Coming up for air on 0.65 handle and treading water

NZD/USD is currently trading higher by 0.19% at 0.6503 during the time of writing, with the price travelling within a range of 0.6491 and 0.6514, batt

 

USD/CAD technical analysis: Greenback consolidates last week gains near 1.3400 handle

USD/CAD is trading in a bull trend above its 100 and 200-day simple moving average (DSMA). Last week bulls recovered quite some ground bouncing from

 




FOMC: Dots to shift, but not aggressively – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, believes that the Fed is unlikely to be overly aggressive in explicitly signalling cuts at this stage…

 

Oil technical analysis: Black gold sticks to $51.50 a barrel undecided where to go next

WTI (West Texas Intermediate) is in a bear trend trading below its main simple moving averages (SMAs). The price has been coiling around 52.50 since

 

Fed to signal precautionary interest rate cuts are coming – ING

“With trade tensions likely to escalate, this Wednesday’s Fed meeting looks set to confirm market expectations – precautionary interest rate cuts are

 

EUR/GBP climbs to 5-month highs above 0.89, attention turns to Draghi

After closing the previous week with small gains above the 0.89 mark, the EUR/GBP pair pushed higher on Monday and touched its highest level since Jan

 

AUD/USD technical analysis: Aussie bears challenge May lows and hits levels not seen since January

AUD/USD is in a bear trend below its main daily simple moving averages (DSMAs). The market is trying to break below the low established in May at 0.68

 

GBP/USD technical analysis: Cable under heavy bearish pressure hits levels not seen since January

GBP/USD in a bear trend below its main simple moving averages. The market is attempting to break below the lowest point in May at 1.2560. Investors wi

 

USD/JPY remains directionless above mid-108s on Monday

The USD/JPY pair is struggling to make a decisive move in either direction on Monday as the slightly upbeat market sentiment doesn’t allow the safe-ha

 

AUD/USD struggles near multi-month lows, just above mid-0.6800s

The AUD/USD pair held on to its offered tone through the early North-American session and remained within striking distance of multi-month lows set on

 

Wall Street opens slightly higher on Monday ahead of key FOMC meeting

Ahead of Wednesday’s key FOMC meeting, major equity indexes in the United States started the day modestly higher on Monday. As of writing, the Dow Jon

 

United States NAHB Housing Market Index registered at 64, below expectations (67) in June

United States NAHB Housing Market Index registered at 64, below expectations (67) in June

 

EUR/USD technical analysis: Euro correcting up and finding some resistance at 1.1250 level

EUR/USD is trading in a bear trend below its 100 and 200-day simple moving average (DSMA). The market has found some support at the 50 DSMA near 1.121

 

US Dollar Index retreats to 97.30 as US data disappoint

The US Dollar Index (DXY), which measures the greenback vs. a bundle of its main rivals, has now faded the initial optimism and receded to the 97.3530

 




USD/CHF reverses a dip to session lows, back around 0.9980 level

The USD/CHF pair refreshed daily lows, around the 0.9965 region in reaction to dismal US regional manufacturing index, albeit quickly recovered few pi

 

USD/CAD extends consolidation, sits comfortably above 1.34 mark

The USD/CAD pair is having a difficult time setting its next short-term direction on Monday as the commodity-sensitive loonie fails to capitalize on a

 

Central Banks in focus this week – Deutsche Bank

According to analysts at Deutsche Bank, the BoE and BoJ meetings are not expected to be game changers but the ECB Sintra meetings have provided market

 

Gold recovers early lost ground, back above $1240 level

Gold recovered a major part of its early slide and moved to the top end of its daily trading range, above the $1340 region post-US data. The Empire St

 

EUR/USD clinches daily highs near 1.1250 on poor US docket

The buying pressure appears to have returned to the single currency and is now motivating EUR/USD to advance to session peaks in the mid-1.1200s. EUR/

 

Iran’s senior security official: CIA agents were arrested after Tehran shared intel with allies

Citing Islamic Republic of Iran Broadcasting (IRIB), Reuters reported that a senior Iranian security official claimed that Tehran has recently exposed

 

Fed have a very delicate balancing act – Deutsche Bank

In view of analysts at Deutsche Bank, the Fed have a very delicate balancing act to contend with as they have a choice of endorsing current dovish mar

 

GBP/USD refreshes session tops, just above 1.2600 handle on dismal US data

The GBP/USD pair spiked to fresh session tops, with bulls looking to build on the recovery momentum further beyond the 1.2600 handle post-US data. The

 

NY Empire State Manufacturing Index plummets to -8.6 in June, weighs on greenback

The Federal Reserve Bank of New York’s Empire State Manufacturing Survey showed that the business activity in the region’s manufacturing sector contra

 

This Fed is the Big Story this Week Crossing Wall Street

This week’s news will be dominated by the big Fed meeting. The meeting starts tomorrow and the policy statement is due out on Wednesday afternoon.

I

 

Morning News: June 17, 2019 Crossing Wall Street

Hundreds of Companies Descend on Washington to Fight Trump’s Tariffs

Huawei Warns Trump’s Ban Might Wipe Out $30 Billion of Sales Growth

Sprint and

 




After Elon Musk’s tweets landed Tesla in hot water, an SEC heavyweight is looking to shore up the regulator’s social-media rules

SEC commissioner Robert Jackson was unhappy with what Elon Musk and the SEC agreed to earlier this year, ending their months long legal battle.

 

Apple’s China problem isn’t going away, JPMorgan and Credit Suisse warn in a pair of cautious reports (AAPL) | Markets Insider

Apple’s position in the Chinese market remains precarious, analysts at JPMorgan and Credit Suisse warned Monday in separate reports. 
JPMorgan trimme…

 

Here’s everything you need to know about Patrick Drahi, the French entrepreneur behind the $3.7 billion Sotheby’s deal

Drahi, the French billionaire who founded Altice, oversees entities acquiring the video startup Cheddar and now Sotheby’s.

 

The stock market is entering its 2 most important weeks of the year. Here’s what Wall Street experts recommend to navigate the chaos and make a killing.

The outcomes of the Fed’s meeting on Wednesday and the G20 summit next week are of market-moving importance to investors.

 

A Boeing executive reportedly said the company is open to a new name for the embattled 737 Max, which remains grounded worldwide after 2 deadly crashes

“We’re committed to doing what we need to do to restore it. If that means changing the brand to restore it, then we’ll address that,” Boeing’s CFO said.

 

More than 300 US executives are flocking to Washington to testify against Trump’s next round of China tariffs | Markets Insider

Representatives from more than 300 companies are scheduled to testify on the Trump administration’s proposed China tariffs as part of a week of public hea…

 

‘Not all FAANGS will survive this battle’: A Wall Street firm handicapped the impact of Big Tech regulation — and it’s bad news for Facebook (FB) | Markets Insider

Facebook could be impacted the most by an antitrust investigation, Linda Martin, an analyst at Needham and Co. said in a research note on Monday. 
Th…

 

Citigroup launched a major restructuring of 2 of its top moneymaking units in sales and trading. We got the internal memo.

Citi is merging its rates and currencies businesses, two of the top moneymakers in its $11.6 billion FICC division, it announced in an internal memo.

 

Sotheby’s, the 275-year-old auction house, is getting acquired by billionaire media mogul Patrick Drahi (BID) | Markets Insider

Sotheby’s shares spiked nearly 60% Monday after the auction house said BidFair USA, owned by the Altice founder Patrick Drahi, was acquiring it for $3.7 b…

 

Here’s why a UBS economist’s ‘Chinese pig’ comment may have been offensive to Mandarin speakers | Markets Insider

A top UBS economist made a joke about a ‘Chinese pig,’ sparking a fierce backlash that resulted in his suspension and the Swiss bank losing out on a $1 bi…

 

A top credit salesman at Bank of America Merrill Lynch has left after nearly 15 years

Brian Kirkwood was a managing director in investment-grade credit sales and joined the firm in 2005.

 

Elon Musk said he deleted his Twitter account. He has not.

As of Monday morning, the billionaire’s account — under the new name “Daddy DotCom — was still live.

 




Array BioPharma spikes more than 50% after Pfizer shells out $11 billion for the cancer-drug developer (ARRY) | Markets Insider

Pfizer agreed to purchase Array BioPharma for $11 billion. 
Array Biopharma specializes in the development and commercialization of drugs to treat ca…

 

Elon Musk deletes tweet attacking Tesla cofounder Martin Eberhard

The billionaire CEO had quite the weekend on Twitter, which eventually ended in him saying he had deleted account. As of Monday, he had not.

 

An under-the-radar market signal just crossed a crucial threshold. Here’s how you can profit from the surprising shift.

Evercore ISI breaks down the recent convergence of stock and bond yields, and how to profit from the implications.

 

Beyond Meat extends its post-IPO tear to 550% after report of Impossible Burger shortages (BYND) | Markets Insider

Beyond Meat shares are continuing their upward momentum following a report about Impossible burger shortages Friday. 
Restaurant partnerships are bec…

 

Stocks are rising before Fed meets as rate cuts are front and center; Hong Kong shelves its extradition bill, helping sentiment | Markets Insider

Stocks rose on Monday after Hong Kong’s chief executive suspended a controversial extradition bill over the weekend.
Investors also bet the Federal Reser…

 

Social-media stocks, telecom shares lead stock market to narrow win ahead of Fed meeting

U.S. stocks eked out modest to slight gains on Monday, powered by a climb in shares of technology-related and communication services shares. The Dow Jones…

 

FDA approves non-insulin Type 2 diabetes drug for kids, the first to hit market in 20 years

The U.S. Food and Drug Administration on Monday approved Novo Nordisk’s Victoza, a liraglutide injection, for the treatment of young patients 10 years or…

 

Hibbett Sports stock falls after disclosing failure to file 10-Q on time

Shares of Hibbett Sports Inc. tumbled 9.3% in afternoon trading Monday, after the athletic gear retailer said it would be unable to file its 10-Q quarterly…

 

EIA forecasts U.S. shale oil output to climb by 70,000 barrels a day in July

Crude-oil production from seven major U.S. shale plays is forecast to climb by 70,000 barrels a day in July to 8.520 million barrels a day, according to a…

 

AMD’s stock slumps toward longest losing streak in 8 months

Shares of Advanced Micro Devices Inc. dropped 3.0% in afternoon trading Monday, putting them on course to suffer a fifth-straight decline. That would be the…

 

BridgeBio Pharma to raise up to $240 million, as terms set for IPO

BridgeBio Pharma Inc. disclosed Monday that it set terms for its initial public offering, in which the drug discovery company to treat genetic diseases is…

 

Adaptive Biotechnologies sets terms for IPO, to raise up to $212.5 million

Adaptive Biotechnologies Corp. set terms for its initial public offering Monday, in which the developer of immune-system derived disease treatments is…

 




Karuna Therapeutics sets IPO terms, to be valued at up to $363 million

Karuna Therapeutics Inc. set terms Monday for its initial public offering, in which the biopharmaceutical company developing treatments for neuropsychiatric…

 

REIT sector rallies toward 4th-straight record as Treasury yields fall

The real estate investment trust (REIT) sector rallied again toward a record high in midday trading Monday, boosted by a rally in 10-year Treasurys that…

 

Dow transports drop to buck broader stock market gains after disappointing data

The Dow Jones Transportation Average slumped 0.5% in midday trading Monday, to buck the broader stock market’s gains, to track surprise declines in…

 

Symantec stock gains after Mizuho upgrade

Symantec Corp. shares are up more than 3% in Monday morning trading after Mizuho’s Gregg Moskowitz upgraded the stock to buy from neutral, arguing that the…

 

SEC fines KPMG $50 million for illegal use of regulatory data and cheating on internal exams

The Securities and Exchange Commission settled charges with KPMG LLP for altering past audit work after receiving stolen information about inspections of the…

 

Eventbrite stock jumps after William Blair starts coverage with bullish rating

Shares of Eventbrite Inc. gained 10% in Monday morning trading after William Blair analyst Ryan Sundby initiated coverage with an outperform rating. “We…

 

IMDb TV to triple free streaming content and launch in Europe later this year

Film and TV website IMDb said Monday it is planning to triple the content on IMDb TV, a free streaming video channel that was formerly called IMDb Freedive,…

 

Blue Apron’s stock price surges after reverse split takes effect

Blue Apron Holdings Inc.’s stock was trading at $8.92 in morning trade, up 8.1% above its new split-adjusted price. On Friday, the stock closed at 55 cents,…

 

Stocks mixed as Fed meeting comes into view

U.S. stocks struggled for direction on Monday after the opening bell as investors hoped to glean clues from the Federal Reserve later this week on the…

 

Kinder Morgan’s stock falls after Stifel Nicolaus backs away from long-time bullish call, citing valuation

Shares of Kinder Morgan Inc. slipped 0.2% in premarket trade Monday, after the oil and gas pipeline operator was downgraded at Stifel Nicolaus, citing…

 

Sotheby’s stock soars after $3.7 billion buyout deal with Altice Chairman Patrick Drahi

Shares of Sotheby’s soared 60% toward an 11-month high in premarket trading Monday, after the auction house announced a deal to be acquired by BidFair USA,…

 

Dish’s rumored interest in purchasing T-Mobile/Sprint assets isn’t ‘sensible for anyone involved,’ says analyst

MoffettNathanson analyst Craig Moffett questioned why T-Mobile US Inc. is “still trying so hard” to complete its pending deal for Sprint Corp. ,…

 

Disney’s stock slips after Imperial Capital downgrades, citing ‘record’ valuation

Shares of Walt Disney Co. fell 0.4% in premarket trading Monday, after the media and entertainment giant was downgraded by Imperial Capital analyst David…

 

S&P places Pfizer ratings on CreditWatch negative after $11.4 billion Array deal

S&P Global Ratings placed Pfizer Inc.’s ratings on CreditWatch negative on Monday, after the drug company announced that it is acquiring Array BioPharma…

 

Facebook in worse regulatory position than peers, says analyst

Needham analyst Laura Martin wrote Monday that Facebook Inc. appears to be in a worse position than Big Tech peers Alphabet Inc. and Apple Inc. given that…

 

Priam Properties sets terms for IPO, to raise up to $180 million

Priam Properties Inc. set terms Monday for its initial public offering, in which the Nashville-based real estate investment trust expects to raise up to $180…

 

Orgenesis shares soar 19% premarket after FDA grants orphan designation to insulin tech

Orgenesis Inc. shares soared 19% in premarket trade Monday, after the U.S. Food and Drug Administration granted Orphan Drug Designation to the company’s…

 

The RealReal sets IPO terms, to be valued at up to $1.6 billion

The RealReal Inc. set terms Monday for its initial public offering, in which the online consigned luxury goods seller expects to raise up to $285 million and…

 

Weekly Trade Levels for US Dollar, Euro, Sterling, Aussie, Gold & Oil

https://www.dailyfx.com/forex/video/live_events/2019/06/17/Weekly-Trade-Levels-for-US-Dollar-Euro-Sterling-Aussie-Gold-Oil-FOMC-BOE-Technical-Price-Outlook.h…

 

S&P 500 and NASDAQ 100 Forecast June 18, 2019

The S&P 500 has done very little during the trading session, simply grinding towards the 2900 level as we have started to roll over contracts. If that’s goin…

 

USD/JPY and AUD/USD Forecast June 18, 2019

The US dollar has rallied a bit during the trading session on Monday but continues to struggle to hold gains above the 100 a ¥0.50 level. By doing so, it sho…

 

EUR/USD and GBP/USD Forecast June 18, 2019

The Euro rallied a bit during the trading session on Monday as we go back to work, reaching towards the 1.1250 level. That is an area that is the top of majo…

 




Bitcoin Forecast June 18, 2019

Bitcoin rallied significantly during the trading session on Monday, not only breaking above the $9000 level but also breaking higher by 10%. At this point, i…

 

WTI Crude Oil and Natural Gas Forecast June 18, 2019

The WTI Crude Oil market initially tried to rally during the day on Monday but gave back the gains as we continue to grind sideways overall. This is a market…

 

Gold Forecast June 18, 2019

Gold markets fell during the trading session on Monday but have recovered as we got later into the session. That being said, the market has been very bullish…

 

Huawei sees drop in sales as Trump trade war bites

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Huawei is to cut production by $30 billion over the next two years, according to found…

 

Monday market update – 17th June 2019

David talks about the subdued start to the week as some traders are sitting on the fence until the Fed’s meeting on Wednesday, and he discusses the week’s bi…

 

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