Heads-up News 

Sydney Trading Session Heads Up Sunday, February 10, 2019

Sydney opening news digest

Duterte’s Jobless Economic Boom

The Philippines economy is getting less rather than more market driven under Duterte.


All Five Equity Averages Below ‘Death Cross’ Patterns, Here’s How To Trade Them Now

All equity averages have been below “death cross” patterns, which indicated lower prices would follow.


Should You Join The Wall Street Bears?

Last week’s selling in the stock market seemed to raise the fears of some on Wall Street as stock were now too expensive and the outlook for earnings was too negative. Still not all investors were convinced but are there technical reasons to change your outlook?


Apple Should Shift Focus From China To India

Apple should begin paying more attention to the Indian market and less attention to the Chinese smartphone market.

Why? Because Apple has a growth pr


Stocks This Week: Buy TripAdvisor And Akami Technologies

Here are a pair of stocks that are likely to rally when their earnings are announced in the coming week.


Bitcoin Won’t Rally Until Dictators Stop Selling

While it may sound like a far fetched conspiracy theory, bitcoin does seem to weaken whenever dictators get into trouble or face economic sanctions.


The Best, And Worst, 8% Yields Right Now

Most dividend investors understandably love the idea of an 8% “No Withdrawal” Portfolio…


Modi Won’t Let Amazon Crush India’s Retailers, For Now

India’s mom and pop stores are just buying time before they are crushed by retail giants, as has been the case in America and elsewhere.


Is Jeff Bezos Worth $131.4B? If Not, Should You Bet He Can Earn Back MacKenzie’s $66B?

If Amazon can double its revenue growth from its current 14%, its stock could more than double and get Bezos back to the top of the rich list — with $131 billion — after his divorce is settled.


What Bitcoin Must Do To Avoid One-Hit Wonder Status: 4 Updated Charts

Despite some buying interest this week, the bitcoin price charts remain in downtrends in 3 time frames.


Four Reasons To Avoid Reverse Mortgages

If you have too much house in your 50s and 60s and you think you are going to downsize later, downsize now. There are two good reasons for downsizing now. One, when you are younger you can handle the enervation, being drained of energy or vitality; fatigue of a move as well as the financial hit


Stop Complaining About Stock Buybacks

Stop complaining about buybacks! Shareholders are free to sell. Politicians can change policy but must remember companies exist for shareholders, not for you and will respond appropriately. Boards, maybe move from share based measurements while still aligning management & shareholder interests.


The Ultimate Contrarian Buy: 8.8% Dividends And Huge Gains

It happened so quietly, you may not have even noticed.


France and Italy, A Troubling Tricolour Tantrum

France and Italy are at the centre of a diplomatic row that has the potential to undermine European unity.


Bitcoin Breaks Out Of Its Doldrums After Sentiment Recovers

Bitcoin broke free from range- bound trading today. Where will prices go next?


Investing With The Greatest Mutual Fund Managers

Choosing a fund manager is one of the most consequential decisions you’ll ever make and it is not easy. Only about 3% of fund managers have beaten the S&P 500 and outperformed their benchmark for 10 years. Hopefully, you will find at least one fund on this list that is available to you.


Bipartisan Effort In House Judiciary Tries Making OPEC Illegal

The House Judiciary Committee agreed to send a bill to the House floor making OPEC illegal.


After Solid Q4, Zynga Is Poised To See Strong Double-Digit Growth In 2019

Zynga (NASDAQ:ZNGA) recently reported its Q4 results, which were better than our estimates, led by strong growth in mobile bookings. The stock price rallied 5% following the earnings announcement. Looking forward, the company has guided for a very strong 2019, led by its recent acquisitions, as …


Restaurant Brands To Finish The Fiscal Year With Good Momentum For 2019

Restaurant Brands International (NYSE: QSR) will post its 4th quarter and full year results on February 11, 2019 before the market opens. As per the numbers in the early release, comparable sales are up 0.6% in Tim Hortons, 2% in Burger King, and 1.6% in Popeyes Louisiana Kitchen for the Fiscal …


Outstanding Revenue Growth For Estee Lauder in Q2

Estee Lauder (NYSE: EL) continued with its growth momentum in Q2 2019 reporting a 11% jump in sales to $4.01 billion from $3.74 billion in the same period last year (first time exceed $4 billion in a quarter) and diluted net earnings per common share increased to $1.55. The company’s earnings were..


Aided By Inorganic Growth, ArcelorMittal Beats Consensus In 2018

ArcelorMittal (NYSE: MT) released its Q4 2018 results on February 7, 2019 followed by a conference call with analysts. The company beat market expectations for revenue as well as earnings per share. Revenue of $18.3 billion in Q4 2018 was 3.5% higher on a year-on-year basis, whereas EPS increased…


This $100 Billion VC Taps Opportunity In Deskless Workforce

$100B investor in Salesforce and Box sees enormous opportunity in untapped market for serving the deskless worker


This Small Tech Stock Has 100 Million Customers, And You Probably Haven’t Have Heard Of It

Today I’m going to tell you about a fast-growing little company you’ve never heard of. Not 1 in 500 investors knows its name. But you likely use its services every day. Huge clients like Major League Baseball and the US government happily pay it many millions of dollars.


In Venezuela, Life After Socialism Will Require IMF Life Support

What happens in Venezuela when a new government eventually takes over?


Four Climate Change Investments Hiding In Plain Sight

Here are four businesses fighting climate change by improving the efficiency of current processes or providing the tools for climate change businesses to function.


Litecoin Climbs More Than 30% In A Matter Of Hours

Litecoin has become the fourth-large cryptocurrency by market cap. What will it do next?


How Has Brexit Affected Foreign Investment In The U.K. Property Market?

With Brexit and recent tax and lending rules causing uncertainty, some are wondering if the revered safety of our property market has indeed reached tipping point. Could it be possible that the now dreaded B-word has irrevocably damaged the reputation of British property amongst overseas buyers?


Investors Should Probably Give Up Expecting Good News On China Trade

China has been a winner all year. That’s about to turn.

If it is true that President Trump will not meet with Xi Jinping during his trip to Asia this


Lower Enrollment Hits Higher Ed Hard, HBCUs The Hardest

Shifting demographics have posed challenges for many U.S. programs as declining birthrates change the calculus for keeping them afloat. Now, fallout from demographic change is hitting the higher education industry. The problems are most pronounced at historically black colleges and universities.


Energy Sector Turns South As Crude Oil Retreats Amid Global Growth Worries

After Asian and European shares were mostly lower, US stocks appear poised for a third down day in a row as China, eurozone growth worries continue to weigh on the market


Long-Term Investors: The S&P 500 Is Not Your Friend. Here’s Why.

In investing, it is easy to fool ourselves with cherry-picked statistics. You might have automatically assumed that one of the 3 big up decades was the “best” investment. But that’s just assuming that past is prologue.


Key Takeaways From T-Mobile’s Q4 Earnings, Updates On The Sprint Merger

T-Mobile published its Q4 2018 results on Thursday, reporting stronger than expected earnings that were driven by robust postpaid phone additions. In this note, we provide a brief overview of the company’s results and some updates on the company’s planned merger with Sprint.


Ukraine: Stuck Between A Comedian And A Hard Place

Comedic actor Volodymyr Zelinskiy is getting all the attention. But Ukraine’s new president likely to be same old same old, but with a twist.


Can Viacom Turn Around Its Core Business In Fiscal 2019?

Viacom recently announced mixed Q1 results, as its earnings per share came in ahead of market expectations but revenues missed.


How Did Motorola Solutions’ Software Business Fare In Q4?

Motorola Solutions published a better than expected set of Q4 2018 results on Thursday, driven by strong land mobile radio sales in the Americas and the EMEA region as well as continued growth of the company’s software business.


Softbank $3.6 Billion Nvidia Share Dump: Chip Maker’s Woes Continue But 2019 Offers Hope

Softbank’s Vision Fund dumps entire $3.6 Billion stake in Nvidia: China slow down blamed, crypto mining and RTX cards also problematic


Weekly Fundamental Forecast:Trade Wars, GDP, Monetary Policy Active Threats Ahead

While there were a number of top fundamental events on the docket this past week, the systemic themes were notably less active in the headlines.


Euro Forecast: Revisions to GDP Data to Underscore Weakening Environment

The economic calendar contains few items of interest in the coming days, but revisions to the Q4’18 German and Eurozone GDP releases should keep help


Weekly Technical Forecast: Equities, Crude, Currencies Signal Tentative Reversal

The S&P 500 and Dow put in for tentative but high profile reversals this past week. Amid a steady decline in volatility and volume readings,


New Zealand Dollar Weekly Technical Forecast: NZDUSD Forms a Wedge, NZDJPY Rests on Support

Technical levels will dictate the depth of price action this week as the New Zealand Central Bank will offer commentary on its Official Cash Rate.


Technical Outlook: S&P 500, DAX, FTSE MIB

S&P 500 saw limited follow through above 2700, key support at 2675. Heavy selling in the DAX on at the backend of the week. FTSE


Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

Trade wars and economic growth will be at the forefront of concerns for equity markets across the globe next week as Germany attempts to stave


Dow Jones Looks to Trade Wars, DAX and Nikkei to GDP Data

Trade wars and economic growth will be at the forefront of concerns for equity markets across the globe next week as Germany attempts to stave


Euro to Bounce off Support Next?

The Euro traded lower last week off resistance, next week could bring a thorough test and bounce off support; a break below would be reason


XAU Breakout Stalls at Resistance

Gold is carving a monthly opening-range just below Fib resistance and keeps the price breakout vulnerable. Here are the levels that matter on the XAU/USD


XAU Breakout Stalls at Resistance

Gold is carving a monthly opening-range just below Fib resistance and keeps the price breakout vulnerable. Here are the levels that matter on the XAU/USD


Gold Price Forecast: Bull-Flag Unfolds as Fed Warns of ’Muted’ Inflation

Gold pares the decline from earlier this month as a growing number of Federal Reserve strike a dovish tone, and fresh data prints coming out


Dollar Matches Longest Climb Since November 2016, Is it a Trend?

A seven-day rally for the Dollar was an impressive stretch through this past week, but it hasn’t put the currency in a position to trigger


Sterling Weekly Technical Outlook: GBP Down But Not Out

Sterling-pairs have had a mixed week with GBPUSD breaking through support before starting to reclaim some of its weekly losses.


GBP Fundamental Forecast: Dovish BoE, Brexit Hell

A mixed bag this week with Sterling drifting lower against a strong US dollar but holding its own across a range of other currencies.


How to Understand and Use Opening Range Breakout Strategy

Learn what an opening range breakout strategy is with these simple tips provided by Tyler Yell on DailyFX’s Podcast, Trading Global Markets Decoded


Range, Break or Trend Conditions for Dollar, Euro, Pound?

We have seen some wild swings from the likes of the S&P 500 and oil recently, but these are not trend-type markets


Bullish Backdrop Remains Despite Weekly Drop

Crude remains above the technically significant $50/bbl while traders are watching a bullish chart pattern and a potential larger supply disruption in Venezuela than previously


Oil Forecast: Fears of Slowing Global Growth to Limit Further Gains

Crude oil prices came under pressure this past week in response to the return of market angst over slowing global growth and a surprising US


What are the Chances of a S&P 500 Reversal, EURUSD Breakout, Gold Trend Next Week?

The S&P 500 led risk assets lower amid news Trump and Xi would’t meet before March 1 deadline to head off trade war upgrade


NZD/USD Looks Vulnerable. How Dovish Will the RBNZ Turn Next Week?

The New Zealand Dollar looks vulnerable next week. How dovish will the RBNZ be next week compared to market expectations after similar remarks from the


Australian Dollar Strength Falls Apart, Can AUD/CAD Breakout Last?

Strength in the Australian Dollar fell apart, but confirmation is needed before arguing AUD/USD may extend declines. AUD/NZD consolidation held while AUD/CAD attempts a breakout


Australian Dollar Could Take Some Rest On The Road Lower

Investors may conclude this week that the poor old Australian Dollar has been hammered quite enough for now, even if there may yet be more


An Uncomfortable Divergence in Capital Markets for 2019 | Podcast

For traders and investors, two roads diverged at the start of 2019. The central banks are encouraging one path and economic indicators seemingly another.


FX Setups for the Week of February 11, 2019

The US Dollar continued its post-FOMC run this week, making a fast approach at the 2019 high around the 97.00 level.


GBP/USD: Cable Support in-Focus After BoE Bounce

It was a busy week for Cable traders as the GBP/USD pullback continued into the early portion of the BoE’s first Super Thursday of 2019.


EUR/USD Technical Analysis: Worst weekly decline since September 2018

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 
EUR/USD suffered the worst weekly decline s


Wall Street stages late rebound, posts small gains for the week

After starting the day deep in the negative territory, major equity indexes in the U.S. gained traction toward the end of the session and closed the d


Canada: January saw wage growth finally pick-up for full-time workers – ING

“When it comes to the story of sluggish wage growth, the Groundhog Day we’ve been seeing since June last year has finally changed its tune,” argue ING


Gold consolidates daily gains above $1310 toward the end of the week

In the absence of significant macroeconomic data releases in the second half of the day, investors stayed focused on the markets’ risk perception and


GBP/USD Technical Analysis: Sterling ending the week near 1.2930 level

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). 

GBP/USD 4-hour chart

GBP/USD is tradi


We see risk that EUR/USD could retreat towards 1.12 on a 3 to 6 mth view – Rabobank

“This week’s growth revisions have underpinned the downside risk to global activity this year,” points out Rabobank’s Senior FX Strategist Jane Foley.


WTI drops nearly 5% this week, looks to settle close to $53

Crude oil stayed under pressure throughout the week as investors started to price the potential negative impact of the global economic slowdown on the


Oil Technical Analysis: WTI ending the week hugging $53.00 a barrel

Oil daily chart

Crude oil WTI is trading in a bear trend below its 200-day simple moving average.

Oil 4-hour chart

Crude oil is trading betw


United States Baker Hughes US Oil Rig Count increased to 854 from previous 847

United States Baker Hughes US Oil Rig Count increased to 854 from previous 847


Speculation of additional liquidity from the ECB this year is widespread – Rabobank

“The release of weaker than expected German economic data has become a familiar sight,” note Rabobank’s Senior FX Strategist Jane Foley.

Key quotes


Italy: Poor industrial production data adds to risk of another GDP contraction in Q1 – ING

“Poor December industrial production data adds to the risk of another GDP contraction in 1Q19, and pushes our average GDP growth forecast for 2019 dow


GBP/USD erases daily recovery gains, steadies near 1.2930

Following the fall to its lowest level in more than two weeks at 1.2853 on Thursday after the BoE in its Quarterly Inflation Report announced that it


USD/CHF Technical Analysis: Greenback about to end the week near the parity level against CHF

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


US potentially faces a mild recession in 2020 – Rabobank

“Over the past few weeks the weight of negative economic news has largely emanated from other parts of the global economy rather than the US,” notes R


USD/CAD recovers toward 1.33 following the sharp drop on strong Canada employment data

The USD/CAD pair came under heavy selling pressure in the early NA session and dropped to 1.3230 as the loonie gathered strength on the back of impres


US: Headline CPI to retreat to 1.5% y/y thanks to lower gasoline prices – TD Securities

“We expect headline CPI to retreat to 1.5% y/y thanks to lower gasoline prices. Outside of fuels we still see strength across food and core services,”


NY Fed: GDP Nowcast falls to 2.4% for Q4 2018

“The New York Fed Staff Nowcast stands at 2.4% for 2018:Q4 and 2.2% for 2019:Q1,” the Federal Reserve Bank of New York reported on Friday.

Key quotes


EUR/USD extends slide toward 1.13 as Italy-Germany Bond spread widens

After moving sideways near mid-1.13s for the majority of the day, the EUR/USD pair came under a renewed selling pressure in the NA session and slumped


EUR/GBP Technical Analysis: Euro sidelined against Pound below 0.8770 level

EUR/GBP daily chart

EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs).

EUR/GBP 4-hour chart



Canadian employment starts the year with a bang – TD Securities

“The Canadian economy added 67k jobs in January, well in excess of the market consensus for a 5k increase,” note TD Securities analysts.

Key quotes


AUD/USD Technical Analysis: Aussie trading near the 2019 low

AUD/USD daily chart

AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA).
AUD/USD is trading near the 2019 low.


NZD/USD remains on track to finish the week more than 100 pips lower

The NZD/USD pair dropped to its lowest level in more than two weeks at 0.6730 earlier today before retracing a very small part of its weekly decline.


USD/JPY stays flat near 109.80, US stocks open the day in the red

The USD/JPY pair is fluctuating in a very narrow range for the fourth straight day on Friday and struggles to make a decisive move in either direction


US Dollar Index tumbles to fresh lows near 96.40

The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main rivals, is now fading the recent uptick to the key 96.70 area and is re


Wall Street opens in red amid resurfacing trade fears

Major equity indexes in the U.S. started the day in the negative territory on Friday with investors staying away from risky assets amid resurfacing co


EUR/USD Technical Analysis: Fiber trades quietly near 1.1350 level on Friday

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 

EUR/USD 4-hour chart

EUR/USD is tradi


GBP/USD Technical Analysis: 100-hour SMA continues to cap the immediate upside

•  The pair held on to its positive tone through the early North-American session, albeit continued with its struggle to build on the momentum furt


Gold climbs toward $1315 area, eyes on Wall Street

After dropping to a fresh 10-day low of $1302.70 on Thursday, the XAU/USD pair reversed its course and started to retrace this week’s fall with the pr


USD/CAD Technical Analysis: Greenback drops to 1.3250 level on Canadian data

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA). 
In Canada, Net Change in Employment rose to


USD/CAD hammered down to session lows, below mid-1.3200s on solid Canadian jobs data

•  The number of people employed grew by 67,000 in January; unemployment rate ticks higher to 5.8%.

   •  A goodish bounce in oil prices and a mod


‘Lego Movie 2’ won an underwhelming weekend at the box office

“The Lego Movie 2: The Second Part” didn’t do much to bring some life into the domestic box office.


The 15 most powerful women at Google

Women at Google are starting to lead some of the largest and strategically most important teams within the company.


The Fed may have sparked the latest stock rally, but one expert says it’s actually planting the seeds for the next market crash

Renowned market bear John Hussman explains why current conditions remind him of the environment right before the last two market crashes.


Assigned seats on Southwest? Here’s how a major change would set the company apart from other airlines

Southwest built a legacy on not charging for extras — but one Wall Street analyst has a theory on how those frills could help the airlines’ bottom line.


Hedge funds spending billions on obscure data; Digital wealth M&A; CBD primed to explode

Wall Street Insider — a behind-the-scenes look at the stories dominating banking, business, and big deals.


Everyone who thinks Tesla is a tech company is completely wrong — Tesla should aspire to be Honda

Tesla’s other lines of business — solar, batteries — suggest an affinity with a wildly successful carmaker that also manufacturers other stuff: Honda.


2 notorious recession signals are descending into the danger zone, and they have some Wall Street strategists convinced that a meltdown is fast approaching

Some Wall Street strategists are bracing for a recession that comes sooner than everyone expects.


The real-life Wolf of Wall Street says ‘it’ll work out’ for the City of London after Brexit

“I have no doubt that stay, go, whatever, London is going to be a financial hub and it will remain a financial hub,” says Jordan Belfort.


Medium, the blog site Jeff Bezos used to attack the Enquirer, won’t say whether the post violated its rules — but it says Bezos won’t get paid a dime

Bezos doesn’t qualify as a paid writer no matter how many “claps” he gets because anyone can read the post for free.


One of Apple’s best-known analysts says an all-time low iPhone upgrade rate is going to cause more pain than investors realize

The portion of iPhones that will be upgraded this year is about to fall to its lowest level, Bernstein’s Toni Sacconaghi warned.


Facebook quietly reshuffles its top sales execs

Small business is a crucial area of Facebook’s business — and now it’s getting a new approach.


Speculation about an IPO of GM’s Cruise self-driving division is premature

Cruise’s valuation has increased from roughly $1 billion in 2016 to $14.6 billion in 2019, following investments from SoftBank and Honda.


Bitcoin spikes sharply and suddenly | Markets Insider

Bitcoin spiked suddenly around midday on Friday.
The cryptocurrency was trading up 9%, and at its best level in a month. 
Earlier Friday, Securities…


One of the largest US marijuana companies scooped up a fashion-forward brand known as the ‘Hermes of Marijuana’ in the latest pot M&A deal

Green Thumb Industries CEO said it’s a bid to capture market share in one of the fastest-growing categories of marijuana consumers: women.


Janet Yellen is concerned about Trump’s public criticism of the Fed. She’s not the only one. | Markets Insider

President Donald Trump has repeatedly lashed out at the Federal Reserve about rising interest rates too quickly.
His comments break with a precedent of pr…


A Bird investor explains why he thinks today’s e-scooter rentals are like the original Ford Model T

Saar Gur, an investor at CRV, says we’re watching the new General Motors and Chevrolet’s being built before our eyes.


BANK OF AMERICA: A trusted trading strategy that failed in 2018 is making a comeback — and it’s the key to success in the stock market this year

It’s the correct trading strategy for early 2019, says Bank of America Merrill Lynch’s chief investment strategist.


Arconic is splitting in 2 (ARCN) | Markets Insider

Arconic, the aluminum-products maker, is splitting in two and spinning off one of the businesses.
Arconic will be divided into Engineered Products & F…


Third Point drops stakes in Alibaba, Microsoft and Netflix in fourth quarter

Dan Loeb’s Third Point LLC sold stakes in several high profile companies including Alibaba Group Holdings BABA, +0.24% Microsoft Corp. MSFT, +0.38% Ne


Moody’s hikes Russia’s sovereign rating to investment grade of Baa3

Moody’s Investors Service on Friday raised Russia’s sovereign rating to investment grade of Baa3 from junk status of Ba1, citing policies which have b


U.S. stocks finish mixed on Friday

U.S. stocks closed mixed on Friday, as global growth and trade worries continue to weigh on investor appetite. The Dow Jones Industrial Average DJIA,


U.S. oil prices edge up for the session, lose close to 5% for the week

Benchmark U.S. oil prices settled a few cents higher on Friday, but dropped by nearly 5% for the week as ongoing worries about the global economy thre


Allstate raises quarterly dividend by 8.7% to 50 cents a share

Insurer Allstate Corp. ALL, +0.14% said Friday it is raising its quarterly dividend by 8.7% to 50 cents a share. The new dividend will be payable Apri


Chesapeake Energy’s stock heads for 7th-straight loss, longest such streak in over 4 years

Shares of Chesapeake Energy Corp. CHK, -3.24% tumbled 6.1% in afternoon trade Friday, enough to pace the S&P 400 Mid Cap index MID, -0.11% in losses,


Gold futures end higher, but post a loss for the week

Gold futures climbed on Friday, with losses in the stock market supporting haven demand for the precious metal but strength in the U.S. dollar keeping


Baker Hughes data show U.S. oil-rig count up 7 for the week

Baker Hughes BHGE, +0.90% on Friday reported that the number of active U.S. rigs drilling for oil rose by 7 to 854 this week. That followed a decline


Soybean futures hold ground at a more than 2-week low after USDA reports

Soybean prices edged lower on Friday, holding ground at their lowest levels in more than two weeks. The U.S. Department of Agriculture cut Chinese soy


Amazon reportedly weighing alternatives to New York headquarters

Amazon AMZN, -1.62% is reconsidering its New York headquarters due to local opposition, The Washington Post reported, citing two unnamed people “famil


Gossamer Bio trading 3% above initial IPO price

Shares of Gossamer Bio, Inc. GOSS, +12.13% opened at $19 Friday on the Nasdaq COMP, +0.14% , or 19% above its initial public offering price of $16, be


EA stock jumps after company says Apex Legends hit 10 million players in first three days

Shares of Electronic Arts Inc. EA, +16.05% are up more than 11% in Friday morning trading after the company said that its Apex Legends game logged mor


Ubiquiti Networks stock heads for best day since 2013 after big earnings beat

Shares of Ubiquiti Networks Inc. UBNT, +16.08% are up 18.3% in Friday morning trading after the company posted better-than-expected earnings and reven


Dow loses 25,000 foothold in morning trade with 200-point skid lower

The Dow Jones Industrial Average on Friday headed firmly lower for a third straight session, with declines deepening in early action, amid growing con


Qorvo stock downgraded after weak outlook

Canaccord Genuity analyst T. Michael Walkley downgraded Qorvo Inc. QRVO, -3.04% shares to hold from buy, after the company delivered a weaker-than-exp


Stocks on track for three-day losing streak as trade tensions weigh

U.S. stocks fell at the opening bell on Friday, putting key equity benchmarks on track for a third straight loss, as traders digested headlines sugges


Actor Albert Finney has died aged 82 after short illness: BBC

Albert Finney, a five-time Oscar nominee and well-known actor of stage and screen, has died aged 82 after a short illness, the BBC reported on Friday.


Post Office’s loss nearly triples to over $1.5 billion, while revenue and volume increase

The U.S. Postal Service reported a fiscal first-quarter loss than nearly tripled to $1.54 billion from $540 million, as expenses increased, while reve


Canadian dollar pops after January jobs report shows boost in job creation

Canada’s dollar USDCAD, -0.2254% shot higher versus its U.S. rival on Friday, following Canada’s January jobs report. In January, 66,800 jobs were cre


Gossamer Bio prices IPO

Biotech Gossamer Bio. Inc. GOSS, +12.13% an immunology- and oncology-focused company with six drugs in its pipeline, priced its initial public offerin


Walmart launches home brand, MoDRN

Walmart Inc. WMT, -1.19% announced Friday that it has launched a home brand, MoDRN, on its e-commerce site. Over the past year, the retail giant says


Lumentum names former Synaptics CFO as its new CFO

Lumentum Holdings Inc. LITE, -0.89% said Friday that Wajid Ali will join the optical equipment maker as chief financial officer, replacing interim CFO


Arconic stock shoots higher premarket after earnings beat, plan to spin off one of its businesses

Arconic Inc. shares ARNC, -3.28% rose 6.6% in premarket trade Friday, after the maker of aluminum products for the aviation and car sectors beat earni


Goodyear’s stock falls after adjusted profit and sales decline more than expected

Shares of Goodyear Tire & Rubber Co. GT, -9.05% fell 1.5% in premarket trade Friday, after the tire company reported fourth-quarter profit and sales t


Coty’s beat on low expectations are reason for its 16% premarket rally: Wells Fargo

Coty Inc.’s COTY, +32.15% earnings beat has sparked an 16% rally in its stock in premarket trade Friday, but while the cosmetics giant is making progr


Skechers stock rockets 16% premarket as analysts weigh in on earnings

Skechers USA Inc. shares SKX, +15.20% soared 17% in premarket trade Friday as analysts weighed in on better-than-expected earnings released late Thurs


Range, Break or Trend Conditions for Dollar, Euro, Pound?

Markets Talking Points: • We have seen some wild swings from the likes of the S&P 500 and oil recently, but these are not trend-type markets • Dollar is faci…


What are the Chances of a S&P 500 Reversal, EURUSD Breakout, Gold Trend Next Week

Market Talking Points: • The S&P 500 led risk assets lower amid news Trump and Xi would’t meet before March 1 deadline to head off trade war upgrade • There …


Equity Outlook: US vs China & EU in Trade Wars

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com Welcome to DailyFX where subscribers ge…


Foundations of Technical Analysis: A Step-by-Step Trade Walk-through



SP500 and NASDAQ100 Forecast February 11, 2019

The S&P 500 initially fell during the day on Friday but turned around to bounce a bit as we closed near the 2700 level. This is a market that does look a bit…


USD/JPY and AUD/USD Forecast February 11, 2019

The US dollar went back and forth during the trading session on Friday against the Japanese yen, as we have hit technical resistance above. However, it’s int…


EUR/USD and GBP/USD Forecast February 11, 2019

The Euro initially tried to rally during the trading session on Friday and at one point looked relatively bullish. However, later in the day we started to se…


WTI Crude Oil and Natural Gas Forecast February 11, 2019

The WTI Crude Oil market did very little during trading on Friday as we continue to see a lot of consolidation. We have been hanging below a major resistance…


Gold Weekly Forecast February 11, 2019

Gold markets initially pulled back during the week but found enough support near the $1305 level during the day on Thursday to turn things right back around …


Bitcoin Forecast February 11, 2019

The bitcoin markets exploded to the upside during the trading session on Friday, sparking hope in the crypto currency community. I’m reading headlines about …


Brexit Debate | Possible outcomes for the UK Economy

With less than 7 weeks to go until Article 50 is triggered, how will the UK economy fare if it exits without any arrangement for trade? Subscribe: https://ww…


CFD Trading vs Share Dealing

Learn more about the differences between trading contracts for difference (CFDs) and share dealing, and discover the benefits of each with our handy guide to…


UK meaningful vote, CPI, GDP, RBS results – 9 February 2019

Michael looks at the key levels on the FTSE 100, German DAX and S&P 500. He also looks ahead to important events in the upcoming week, including US-China tra…



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Have a nice trading!

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