Heads-up News 

Sydney Trading Session Heads Up Sunday, October 21, 2018

Sydney opening news digest

How A Regenerative Revolution Could Reverse Climate Change

Ideas and strategies for a regenerative revolution: an interview with Marc Barasch, Founder and Executive Director of the Green World Campaign.


How To Invest Your $1.6 Billion Mega Millions Winnings

If you won the $1.6 billion Mega Millions lottery, how would you invest your instant wealth?


Mega Millions Mania Drives The Jackpot To Record Highs

Mega Millions is reaching a fever pitch lately. With no player picking up all six winning numbers on Friday night’s $1 billion Mega Millions draw, the


Stocks This Week: Buy United Technologies And American Electric Power

Cycles indicate upcoming moves in United Technologies and American Electric Power.


3 Safe Dividends (Up To 9.5%) For This Uncertain Market

There’s a widespread belief that stocks and funds can deliver red-hot capital gains or substantial income, but not both. Fortunately for us that’s not


British Tea Time Tables Left Bare By Brexit

UK food prices will rise if the UK cannot reach an agreement with the EU over Brexit


China Tariffs Could Spoil Christmas Shopping For Low-Income Americans And Walmart

China tariffs will make shopping in the upcoming Christmas season more expensive.


Utility Stocks: When Rates Rise It’s Time To Buy

The Dow Jones Utility Average has posted positive returns in 35 Octobers and 38 fourth quarters since 1969. This year, it will try to repeat that with the benchmark 10-year Treasury note yield (TNX) rising to its highest level in seven years.


Rome Besieged By EU And ECB; Government At War Within

The European Union has asked Italy’s government to rethink their budget proposals. Rome has signalled no retreat. Maybe, the most effective European official will actually be an Italian, as Mario Draghi warns that the ECB will not provide any financial support if Italy runs into difficulty.


Volatile October Continues Amid Strong Earnings, Disappointing Housing Market Data

Friday turned into a microcosm of October in general as volatility continued. Strong earnings and a rebound in Chinese stocks helped sentiment, but disappointing housing market data contributed to a downbeat tone.


U.S. Marshals Set To Auction $4.2M In Bitcoin Next Month

The U.S. Marshals, the oldest law enforcement agency in the United States, is holding an auction for Bitcoins worth over $4 million this coming November. The cryptocurrency up for auction comes from assets forfeited from various federal criminal, civil and administrative cases including by the FBI.


The Architect Of Honeywell’s Success Spotlights A $1.5 Trillion Hidden Gem At Goldman Sachs

Goldman’s hidden gem is its $1.5 trillion in assets investment management division. Forbes speaks with former Honeywell CEO David Cote, who’s creating a new company using the trillion dollar-plus Goldman unit.


The #1 Tip For Mega Millions And Powerball Lottery Winners

In a few hours, or perhaps a few days, some lottery players will become very rich. Those who win close to $1.5 billion dollars in Powerball and Mega M


How To Maintain An Emotional Edge During Market Corrections

Market corrections are never easy. But they are part of the journey and nothing to fear.


The More Technology Changes, The More Fraud Stays The Same

New scams will always grab headlines and create fears of financial security. Fortunately, a few basic steps and second look at any financial request can help reduce the risk of threats old and new.


Can Safety & Graphics Drive Growth For 3M In The Third Quarter?

3M‘s (NYSE: MMM) stock is down considerably this year, from its high of $259 towards the end of January to $213 currently. While the company has reported broad-based growth and has largely met consensus expectations, the revision of its earnings guidance, as well as factors such as the China-U.S….


Why India’s Bid To Control Rising Fuel Prices Has BP Worried

The oil major has billions of dollars invested in Indian oil and gas ventures and appears concerned at Delhi’s move to cool rising prices at the pump.


2 Retail Stocks To Buy Before Black Friday

Retailers TJX Companies and Kohl’s could see their stock prices rise ahead of Black Friday


Can McDonald’s Technology Initiatives Help Improve The Average Order Size In The Third Quarter?

Over the past two years, McDonald’s (NYSE:MCD) has been working aggressively on several initiatives to shed its image of an “unhealthy, junk food” destination, and customize its offerings to suit changing customer requirements. These changes have started showing results, with positive comparable…


Facebook, Nvidia And Tesla Are Now Strong Buys

Investors looking to protect themselves from a deeper correction are selling the stocks that have led the market up and buying value stocks and bond funds may be jumping out of the frying pan into the fire.


A (Near) Postmortem Review: What Sears Did Wrong

Retail’s resurrection as brick-and-data is just getting started. Companies that grasp the new terms on which retail is being written for the connected consumer stand to defy the odds of obsolescence to which Sears succumbed and thrive in an age of expanding possibility.


As Saudi Summit Shrinks, Capitalists Have Good Reason To Shun Riyadh

“I’m not against the system,” Khashoggi told me.
“Without the monarchy the whole country would collapse.” And what happens without the support of international capitalists?


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.


Here’s What Could Cause The Biggest Crash In History

The biggest problem facing our financial system is that we are drowning in debt. Surprisingly, virtually no one is talking about it. Why? Because it is very difficult to talk about a problem that is this large and it is very easy to put our collective heads


Analysts Expect The iShares Russell 1000 Growth ETF To Hit $165

For the iShares Russell 1000 Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $165.15 per unit.


Donald Trump Is Making Canada Great Again

Cannabis will likely be the next great mega-industry, and the Trump Administration and Congress are potentially giving it away to Canada.


Clean Power Is Growing Fast. Now We Need Clean Heat And Clean Transport

The next five years will see clean energy continue to dominate growth in power generation, but the focus needs to switch now to renewable heat and renewable transport, says the International Energy Agency. Modern bioenergy could significantly cut emissions in energy-intensive sectors, the IEA adds.


Implied iShares Russell 1000 Value ETF Analyst Target Price: $141

For the iShares Russell 1000 Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $141.43 per unit.


Back In The Green? Early Action Points To Possible Gains, Thanks Partly To China

The market seems to be getting a little help from China this morning after the government there intervened with measures designed to support its stock market. Stocks are swinging into the green, but continued volatility wouldn’t be all that surprising.


How Neuroticism Personality Trait Influences Your Financial Planning and Investment Decisions

Financial planning and investment decisions depend on an investor’s personality traits. Attitudes about risk stem from personality traits, and they influence an investor’s financial decisions.


A Terrifying Market Collapse: Here’s What To Do Now

With the stock market collapsing 6% from its all-time high in just two weeks, a lot of people are freaking out. Don’t follow them!


How Much Will Physical Stores Contribute To Amazon’s Near-Term Growth?

Amazon has reported massive revenue growth in recent years, with revenues surging from just over $60 billion to almost $180 billion from 2012 through 2017.


The Implied Analyst 12-Month Target For The Health Care Select Sector SPDR Fund ETF

For the Health Care Select Sector SPDR Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $101.83 per unit.


How Will Texas Instruments Perform In The Auto And Industrial Space In Q3?

Semiconductor major Texas Instruments (NYSE: TXN) is expected to publish its Q3 2018 results on October 23, reporting on a quarter that is likely to have seen continued growth in the company’s Analog and Embedded Processing businesses.


Verizon Q3 Preview: Looking For Updates On Postpaid Business, 5G Rollout

Verizon is expected to publish its Q1 2018 results on October 23, reporting on a quarter that likely saw the company sustain the momentum in its bread-and-butter postpaid phone business. Here we take a look at some of the key factors we will be watching when the company publishes results Tuesday.


CAD Falls on CPI, AUD May Gap Lower as Euro Price Risks Reversal

The Canadian Dollar fell on a softer-than-expected CPI report as the British Pound saw knee-jerk volatility. AUD/USD may gap lower given political uncertainty as Euro


Weekly Fundamental Forecast: Markets Trade the EU Summit for ECB Rate Decision and US GDP Next Week

High level fundamentals proved substantive this past week between a possible Brexit path after the EU Summit and the slowest pace of growth for China


Weekly Technical Forecast: A Retreat in Global Equities and EURUSD Has Held Up to Trend, What Is Next?

For many assets this past week, the charts speak to a stalled effort to mount more meaningful reversals. With major equities like the Dow and


S&P 500, FTSE, DAX Caught Between Earnings and Geopolitical Tension

A round of strong quarterly earnings were not enough to undo the downward pressure from geopolitical tensions this week. Next week could be poised for


Gold Weekly Technical Outlook: Price Rally Fizzles Ahead of Resistance

A three-week rally has gold trading just below a critical resistance range in price. Here are the targets & invalidation levels that matter on the


Euro Forecast: Preliminary October PMIs and ECB Meeting on Tap

The Euro barely made any net-progress last week, but a busy economic calendar – including an ECB rate decision – and lingering concerns about Italy


Euro Biased Lower But Weekly Chart Shows Warning Sign for Sellers

The Euro still seems biased lower against the US Dollar but technical positioning has turned muddy, with the weekly chart warning of a possible reversal


Yuan Faces Eased Pressure from Equities, Yet Lacks New Momentum

Yuan Faces Eased Pressure from Equities, Yet Lacks New Momentum


Japanese Yen Weekly Technical Outlook: Pause Doesn’t Mean Bull Run is Over

The Japanese Yen’s bull run slowed last week, and despite losing ground against three currencies, the Yen remains the best performing major currency in October.


Gold Rate Forecast: Awaiting Decisive Breakout with Eyes on US GDP

Gold is on course for its thirdly weekly gain with the precious metal continuing to benefit from the shaky sentiment that has gripped equity markets.


US Dollar Regains Momentum, Aims to Capitalize on Market Turmoil

The US Dollar may continue to push higher against a backdrop of risk aversion after the Fed signaled it won’t abandon rate hikes to rescue


Technical Forecast for Dow, S&P 500, FTSE 100, DAX and Nikkei

It was a week of relief for equity bulls, as global stocks dug into support after last week’s rather pronounced sell-off. But now that support


GBP: Brexit Stuck in a Rut, UK PM May on a Tightrope

The Irish border problem remains unsolved and Brexit negotiations continue to tread water as UK PM May faces a potential rebellion at home.


Can the Dollar Draw from EURUSD, USDJPY to Return to 15 Month Highs?

The Dollar staunched its bleeding this past week, but the rebound put the EURUSD back 1.1450 didn’t seem to carry the intent of a true


GBPUSD Weekly Technical Outlook: Higher Prices Unlikely

Sterling slipped by over 2 cents against the US dollar over the week, breaking back through support to trade at a two-week low.


Crude Oil Joins Macro Headlines For Busy October As Stockpiles Build

Despite trading to four-year highs to open the month, October has flashed warning signs that demand could be cooling at a time when a key


Eying Trendline Support for the Dow, GDP for the Dollar, Italy for Euro

Reports Friday evening that the UK government may make a Brexit concession and Italy was downgraded will cue Euro and Pound Monday


AUD/USD in Consolidation. GBP/AUD Risks Reversal, AUD/NZD More so

AUD/USD prices are kept at bay by support and resistance barriers. GBP/AUD is very close to reversing its dominant uptrend, but not as close as


FX Week Ahead: BOC on Wednesday, ECB on Thursday, Q4’18 US GDP on Friday

Two central bank rate decisions and a slew of important US economic data culminating in the Q4’18 US GDP report on Friday should keep traders


S&P 500, Dow Volatility Reflected in Deadlocked ETF Flows

This week saw deadlocked fund flows as investors assessed differing fundamental themes.


Near-term Trade Setups in EUR/USD and USD/JPY

An update on near-term trade setups we’ve been tracking in EUR/USD and USD/JPY. These are the targets and invalidation levels that matter heading into next


British Pound Rates Rise Across the Board on Irish Border Brexit Progress

After a disappointing EU-UK summit earlier this week, news that the UK is dropping a key demand has sparked hopes of a Brexit breakthrough.


GBP/JPY Price Outlook: British Pound Vulnerable Below This Level

A break below the monthly opening-range has taken price into daily confluence support. Here are the targets & invalidation levels that matter on the GBP/JPY


Global Indices Lookahead: FTSE MIB Eyes Italian Budget, Amazon Earnings in Focus

Global Indices Lookahead: FTSE MIB Eyes Italian Budget, Amazon Earnings in Focus


China House Price Index climbed from previous 7% to 7.9% in September

China House Price Index climbed from previous 7% to 7.9% in September


Australia CFTC AUD NC net positions climbed from previous $-73.3K to $-71.5K

Australia CFTC AUD NC net positions climbed from previous $-73.3K to $-71.5K


United States CFTC Gold NC net positions climbed from previous $-38.2K to $17.7K

United States CFTC Gold NC net positions climbed from previous $-38.2K to $17.7K


United States CFTC USD NC net positions dipped from previous $255.8K to $226.8K

United States CFTC USD NC net positions dipped from previous $255.8K to $226.8K


European Monetary Union CFTC EUR NC net positions: €-29.3K vs previous €-16.1K

European Monetary Union CFTC EUR NC net positions: €-29.3K vs previous €-16.1K


Japan CFTC JPY NC net positions climbed from previous ¥-115.2K to ¥-100.6K

Japan CFTC JPY NC net positions climbed from previous ¥-115.2K to ¥-100.6K


United Kingdom CFTC GBP NC net positions: £-50.4K vs £-60.5K

United Kingdom CFTC GBP NC net positions: £-50.4K vs £-60.5K


United States CFTC Oil NC net positions: 493.2K vs previous 528.1K

United States CFTC Oil NC net positions: 493.2K vs previous 528.1K


S&P500 Technical Analysis: US Stocks reject 2,800.00 as bears set their eyes on October low

S&P500 daily chart

Spot rate:                  2,766.00

Relative change:      -0.29%     

High:                         2,799.00



Moody’s downgrade Italy’s rating to Baa3 amid material weakening in fiscal strength – Reuters

Moody’s Ratings recently announced its decision to cut Italy’s rating to Baa3 while keeping the outlook stable.

Key quotes (via Reuters)

A key dri


CAD: Will need an ultra-hawkish BoC message to drive the loonie higher – ING

“The Bank of Canada meeting (Wed) will be the highlight of the week; the central bank is likely to continue its gradual tightening path and provide a


US Dollar Index Technical Analysis: DXY finding resistance at 96.00 and pulling back to 95.65 key level on Friday

DXY daily chart 

Spot rate:                 95.69

Relative change:     -0.3%

High:                        96.09

Low:                         95.


CFTC: Money managers aggressively increased exposure to gold – TD Securities

Assessing the latest CFTC report, “Money managers aggressively increased exposure to gold back into net long territory for the first time since early


Wall Street erases early gains, closes the week on a mixed note

After starting the day higher and preserving the momentum for the first couple of hours of the session, major equity indexes in the U.S. lost their tr


AUD/USD Technical Analysis: Aussie rejecting 0.7144 resistance can lead to a breakdown below 0.7100 level

AUD/USD 4-hour chart

Spot rate:                 0.7118

Relative change:      0.28%     

High:                        0.7151



China: Monetary and fiscal policy to become more pro-growth – BBVA

Jinyue Dong, research economist at BBVA, point out that Chinese data released today showed the economy moderated further.

Key Quotes: 

“September ec


ECB: Language and tone will be key – Wells Fargo

Next Thursday is the European Central Bank meeting. No change in rates is expected. According to analysts from Wells Fargo,  the language and tone of


Crude Oil WTI Technical Analysis: Black Gold capped by the 70.00 figure

Crude oil WTI 4-hour chart 

Rate:                        69.17

Relative change:      0.56%     

High:                        69.75



Canada: Don’t give too much attention to the significant drop in inflation – NBF

Matthieu Arseneau, analyst at National Bank of Canada, explains that the decline in the CPI during September in Canada, was largely due to a reversal


EUR/USD to bottom at 1.12 next year – Rabobank

According to analysts from Rabobank, see the EUR/USD pair moving to the downside on the back of US dollar strength.  

Key Quotes: 

“In the space of


Canada: Data suggests GDP should not be stellar in August – NBF

According to National Bank of Canada’s analyst Kyle Dahms, lackluster retail numbers countrywide coupled with an earlier reported weakness for shipmen


Eurozone: PMI, Italy’s budget and ECB – Danske Bank

In the euro area, we have a busy week ahead of us, explained analysts at Danske Bank. Events include the ECB meeting, EU verdict on Italy’s budget and


EUR/USD extends gains on Friday, still lower for the week

The EUR/USD rose further during the US session boosted by the GBP/USD pair that climbed following report, according to which UK PM Theresa May would d


GBP: UK political impasse wreaking short-term havoc – ING

“GBP/USD’s slide from 1.32 towards 1.30 was largely a US dollar story – and to a lesser extent a Brexit impasse story (this was largely in the price a


WTI retreats from daily highs on Baker Hughes data, looks to settle below $70

After losing more than $3 in the previous two days, the barrel of West Texas Intermediate staged a modest recovery but failed to reconquer the $70 mar


UK PM May’s office: May told businesses any Irish backstop would only be necessary for a temporary period

Summarizing British Prime Minister Theresa May’s call with business leaders in the UK, “PM May told businesses that she had a very real sense from EU


Canada: Slowing in retail sales volumes is not necessarily unwanted – RBC

Canadian retail sales dropped 0.1% in August. Paul Ferley, Assistant Chief Economist at RBC Capital Markets, points out that so far during 2018, the m


GBP/USD Technical Analysis: Cable spikes to 1.3100 on Brexit news as bulls are coming back

GBP/USD 4-hour chart

Spot rate:                         1.3070

Relative change:              0.4%     

High:                                1.310


Fed’s Kaplan: Not committed on need for more rate hikes above neutral levels

Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires.

Key quotes (via Reuters)

He’s not committed on need for m


Fed’s Kaplan: Two to three additional rate hikes may occur by June 2019

Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires.

Key quotes (via Reuters)

Inflationary pressure is buildin


Morning News: October 19, 2018 Crossing Wall Street

Oil Prices Could Fall Further on Rising U.S. Supplies, OPEC Report Says

Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted

Top Chinese


‘Halloween’ earned $77.5 million over the weekend, the biggest opening ever for the franchise

The Blumhouse-produced new “Halloween” earned an incredible $77.5 million over the weekend, which is the biggest opening ever for the franchise, and for Blumhouse. It’s also the second-biggest opening ever for a horror movie.


Online dating could be worth $12 billion — and it’s all thanks to Tinder, analyst says (MTCH) | Markets Insider

Match Group is rallying Friday after a Wall Street analyst launched coverage with a bullish price target of $66 — 28% above where shares settled Thu…


This chart reveals a growing problem for Apple — that ‘customers are getting less excited for each new generation of iPhone’

There are a lot of reasons why search traffic might be decreasing year-over-year, and it doesn’t necessarily suggest that iPhone sales will sag. “We are not expecting a ‘Super Cycle,’ but we do believe sustainable single-digit unit growth of iPhone is achievable,” the Citi analysts write.


As unicorn valuations become the norm, more venture capitalists are relying on this legal tactic used by Square’s investors to protect from down-round IPOs

BI Prime: A new study from Fenwick and West found that IPO downside protections were much more common in recent funding rounds than in the past.


The $600 billion reason why China’s stock market crash might get a whole lot worse

Fears of a slowing economy, rising debts and the impact of US President Donald Trump’s trade war have all played a role in pushing the Chinese market lower. But there’s another factor at play.


The secret weapon that’s kept stocks afloat for the past decade is vanishing — and it’s leaving the market vulnerable to the next big crash

BI PRIME: Throughout the nearly decade-long bull market, stocks have relied on a secret weapon of sorts to keep chugging higher following periods of weakness. One Wall Street expert warns that this ace in the hole is getting less effective, and breaks down what’s causing the shift.


The head of tech at one of the world’s largest consulting firms says the way businesses are piling into AI is different than anything they’ve ever seen

BI PRIME: Companies are adopting artificial intelligence at an unprecedented rate, says Accenture’s head of technology and innovation. Here’s what they’re doing right and wrong.


Tesla has officially filed to trademark Elon Musk’s ‘Teslaquila’ (TSLA) | Markets Insider

Tesla has filed an official trademark application for Elon Musk’s ‘Teslaquila.’ 
Musk tweeted a photo of the liquor, complete with Tesla branding and…


AMC’s Charlie Collier named CEO of Entertainment for the new Fox corporation

AMC President and General Manager Charlie Collier has been tapped as the next CEO of Entertainment for Fox, the company that will be spun off from the


New Age Beverages dumps board member who settled with SEC

New Age Beverages Corp. NBEV, -10.98% disclosed Friday afternoon that a board member resigned after the company learned that he had previously settled


Moody’s cuts Italy’s credit rating one notch; stable outlook

Moody’s Investors Service downgraded Italy’s sovereign debt rating by one notch to Baa3 late on Friday, leaving it one rung above sub-investment grade


Trump to meet defense and aerospace CEOs to talk supply chain: report

President Donald Trump on Friday is scheduled to meet the chief executives of Lockheed Martin Corp. LMT, +0.04% Boeing Co. BA, -0.86% Northrop Grumman


Stocks end mixed; Nasdaq suffers 0.6% weekly fall

Stocks saw a mixed finish to a choppy session Friday, with the Dow Jones Industrial Average taking back a modest portion of the previous session’s mor


Software company Qualtrics files to go public

Qualtrics International Inc., a Utah-based software company filed for an initial public offering Friday. The company did not yet provide a number of s


CBS Corp’s Showtime Networks names new chief financial officer

CBS Corp’s CBS, +1.83% Showtime Networks, whose programs include “Shameless,” “Billions” and the upcoming comedy “Black Monday” about the Wall Street


DOJ charges Russian woman with interfering in midterm elections

The Justice Department charged a Russian woman for her role in a conspiracy to interfere with the 2018 U.S. election, it announced Friday. Elena Khusy


Oil sees end-of-week bounce, but suffers hefty weekly loss

A tougher stance by the Trump administration on the suspected death of a prominent Saudi journalist lifted oil futures Friday, analysts said, though t


Homebuilder ETF falls for 23rd time in 25 sessions after disappointing housing starts data

The homebuilder sector continued its long stretch of losses Friday, in the wake of another disappointing data point on the housing market. The SPDR S&


UPDATE: Clovis stock rises 8% on promising results in prostate cancer trial

Clovis Oncology Inc. CLVS, -12.02% shares were down 12% in afternoon trade Friday, reversing gains made early in the day after the company released in


AMD’s stock tumbles after bearish analyst call, to pace broad sector weakness

Shares of Advanced Micro Devices Inc. AMD, -11.12% tumbled 7.3% in afternoon trade, enough to pace the decliners in the semiconductor sector, after be


Apple CEO Tim Cook calls for retraction of hacking story

Apple Inc. AAPL, +1.52% Chief Executive Tim Cook took an extraordinary step of publicly demanding the retraction of a Bloomberg News story that claime


Gold futures end lower for session, cling to weekly gain

Gold futures prices settled fractionally lower Friday although maintained a weekly gain. A decline for the leading dollar index DXY, -0.36% boosted th


Honeywell’s stock turns lower after SEC accounting investigation disclosed

Shares of Honeywell International Inc. HON, -1.11% took an afternoon dive Friday, after the company disclosed that the Securities and Exchange Commiss


IBM Watson head to leave role: report

International Business Machines Corp.’s IBM, -1.11% Watson Health head, Deborah DiSanzo, is leaving her role, Stat News reported on Friday. The high-p


Cleveland-Cliffs CEO slams Goldman Sachs analyst on earnings call; ‘You are a disaster’

The chief executive of mining and resources company Cleveland-Cliffs Inc. CLF, -3.75% slammed a Goldman Sachs analyst on the company’s earnings call e


Fed’s Bostic adds Khashoggi case to list of risks to the economic outlook

Atlanta Fed President Raphael Bostic on Friday added the case of missing Saudi journalist Jamal Khashoggi to the list of downside risks to the U.S. ec


NuVasive’s stock tumble on CEO departure presents buying opportunity, analyst says

Shares of NuVasive Inc. NUVA, -9.08% tumbled 9.1% in midday trade, after the spine technology company’s announcement that it was replacing its chief e


SolarWinds stock opens 2% above IPO price, then falls below it

SolarWinds Corp. SWI, +0.20% opened 2% above its initial public offering price of $15 a share, then turned lower, after the number of shares offered w


Mnuchin still plans to attend Saudi anti-terror financing meeting: report

Treasury Secretary Steven Mnuchin has decided to take part in an anti-terror finance meeting with Saudi security officials and their Middle Eastern co


Italian bond yields retreat after EU Commissioner softens budget criticism

The Italian government bond market rebounded, pulling down yields, after Pierre Moscovici, European commissioner for economic and financial affairs, a


Controversy builds over potent new opioid medication as U.S. senator calls on FDA to reject the drug

A new, potent opioid medication intended for immediate pain relief has become the center of a maelstrom of controversy as it nears a Food and Drug Adm


Stocks open higher, attempt to bounce back from Thursday selloff

Stocks opened slightly higher Friday in an effort to bounce back from a Thursday selloff that saw the Dow Jones Industrial Average shed more than 300


AbbVie CFO Bill Chase to retire

AbbVie Inc. ABBV, -2.15% disclosed Friday that Chief Financial Officer William “Bill” Chase plans to retire in mid-2019, and will be succeeded as CFO


The9’s stock rockets 5-fold on heavy volume after disclosing large investor stake

Shares of The9 Ltd. NCTY, +65.61% rocketed over 5-fold, up 406%, in very active premarket trade Friday, after the Shanghai-based mobile games develope


Canadian dollar dips after weaker-than-expected inflation, retail sales

The Canadian dollar took a dive on Friday, flipping into negative territory versus its U.S. rival following economic data that missed consensus estima


NuVasive CEO Lucier to step down, names Chris Barry as successor

NuVasive Inc. NUVA, -9.08% said Chief Executive Gregory Lucier will step down effective Nov. 5, after 3 1/2-years in the role. He will continue as cha


Canadian cannabis company Green Organic Dutchman raises C$76 million in bought deal

Canadian cannabis company The Green Organic Dutchman Holdings Ltd. TGODF, -9.37% TGOD, -9.71% said Friday it has raised 76 million Canadian dollars ($


Apple’s stock surges after bullish new report from Wedbush

Shares of Apple Inc. AAPL, +1.52% rallied 1.3% in premarket trade Friday, after Wedbush Securities started covering the technology giant with a bullis


Eying Trendline Support for the Dow, GDP for the Dollar, Italy for Euro

Talking Points: • US equity indices are losing traction as a holdout for speculative enthusiasm, and all risk assets are exposed • Reports Friday evening tha…


Global Indices Lookahead: Investors Remain Nervous Over Italian Politics

Investors focus on Italian budget concerns and rating agency commentary. Amazon the next FAANG stock to report. -Subscribe to DailyFX: https://www.youtube.co…


S&P 500 and NASDAQ 100 Forecast October 22, 2018

The S&P 500 initially tried to rally during the day on Friday, but by the time the afternoon rolled around we gave back much of the gains. That’s probably du…


WTI Crude Oil and Natural Gas Forecast October 22, 2018

The WTI Crude Oil market has rallied significantly during the trading session on Friday, testing the $70 level as the 61.8% Fibonacci retracement level has o…


Bitcoin Forecast October 22, 2018

Bitcoin markets continue to do nothing during the trading session on Friday, gaining roughly $30 as I record this. The market continues to dance around the $…


USD/JPY and AUD/USD Forecast October 22, 2018

The US dollar rallied significantly against the Japanese yen during the trading session on Friday, as we continue to see a bounce from the 61.8% Fibonacci re…


EUR/USD and GBP/USD Forecast October 22, 2018

The Euro rallied significantly during the trading session on Friday as the 1.1450 level has offered a significant amount of support again. Ultimately, the ma…


History of Aston Martin

IG explores the 100 year history of Aston Martin, one of the most famous British car manufacturers on the market. With seven bankruptcies and a famous role i…


OnTheMarket aims to disrupt house listing on the web

With estate agents relying more and more on the internet to distribute details of houses for sale, Ian Springett and his team at OnTheMarket.com are aiming t…


ECB, Bank of Canada and US Q3 GDP – 19 October 2018

Michael looks at the key support areas on the FTSE 100, German DAX, Nikkei 225 and Brent crude, ahead of next week’s key central bank decisions from the ECB,…



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