Heads-up News 

Sydney Trading Session Heads Up Thursday, December 6, 2018

Sydney opening news digest

Lower Pre-Owned Video Game Products Sales Will Likely Weigh On GameStop’s Near Term Earnings

GameStop Inc (NYSE:GME) recently posted its Q3 FY 2018 results, which were below the street estimates. The company incurred a $587.5 million asset impairment charge primarily related to goodwill in Q3. It also lowered its fiscal 2018 guidance, which led to a sell off in the share price, following…


Why 40% iPhone Discount Is Bad For Apple

Six years ago, Apple earned a hefty gross margin of 71% on the iPhone. Thanks to its 40% iPhone discount, that margin has plunged to 13%. Apple can’t make that up with more Services.


U.S. Arresting Huawei CFO Creates Huge Uncertainty For The Markets And Trade Talks

The U.S. government had Canada arrest the CFO of Huawei on Saturday, accusing the company of violating U.S. sanctions on Iran. This could create a huge impediment to the just announced trade talks with China, if not derail them completely.


NYC Developer Discusses Building Career In Male-Dominated Industry

Money has no gender in the world of real estate construction, Anbau managing director Barbara van Beuren says. To guarantee respect from her peers, she took control of the purse strings.


An Inverted Yield Curve: What It Looks Like, What It Might Mean

The yield curve: these charts show how short-term yields have been approaching longer-term rates.


5 Dividend Growth Stocks With Upside To Analyst Targets

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.


Citigroup Is The Only Bank Giving JPMorgan A Run For Its Money In FICC Trading

The third quarter of 2018 was an overall weak period for the global FICC (fixed income, currencies and commodities) trading industry, as a sequential reduction in debt market volatility, coupled with seasonally weak activity levels, led to a notable decline in these trading revenues for most banks.


Science Doesn’t Care What Trading Desks Are Saying

The future of the investment world is being shaped by a completely foreseeable cluster of events that French-cuffed trading desk millionaires will someday rue as “Black Swan” events.


Market Crash Underway

The market charts show another move down and a big one. So the question is, how far can it fall?


Can JPMorgan’s Securities Trading Revenues Cross $20 Billion For 2018?

The global securities trading industry had a noticeably weak run in the seasonally slow third quarter – something that stood out in particular given unusually elevated activity levels over the first half of the year.


Analysts Predict 12% Upside For The iShares Edge MSCI USA Momentum Factor ETF

For the iShares Edge MSCI USA Momentum Factor ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $119.34 per unit.


How Rapidly Declining NAND And DRAM Prices Could Benefit Apple

Apple is poised to see its growth slow down over 2019, amid a mixed response to its latest iPhone XR and XS models and increasing saturation in the smartphone market.


2 Cheap Dividend Stocks, Yielding Up To 12%, To Fill Your Christmas Stocking

Looking to load your stocks portfolio before the Christmas break? These dividend shares are well worth a look today.


Look Under The Hood: The First Trust Large Cap Core AlphaDEX Fund ETF Has 18% Upside

For the First Trust Large Cap Core AlphaDEX Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $67.37 per unit.


Lyft’s IPO Filing May Be Too Late

Lyft wants to go public in Spring 2019. It’s growing fast and losing plenty of money. Fortunately it has two years’ worth of cash. And if the IPO window is shut, it may need it every penny.


For A Reliable Indicator Of Market Trends, Look At A Less Volatile Index

The equity markets are full of random noise that blurs the picture of the trend in the market. What is needed is an index with a low signal to noise ratio, a chart that shows what is going on without all the pollution of noise.


AT&T To Verizon: 6 Experts Talk Up 8 Favorite Telecoms

Can you still find long-term opportunities to invest in the revolutionary 5G telecom space? A half-dozen experts who follow the sector and contribute to MoneyShow.com share eight picks for you to consider. Check out these numbers.


Market Remains Under Pressure Amid Fizzling Optimism On Trade, Worry About Yield Inversion

After a mid-week break, sharp selling in U.S. stocks looks poised to continue on fears about an inversion in the Treasury market and worries about U.S.-China trade relations.


The Best Way To Protect Your Portfolio From A Correction In Stocks Is To Not Own Stocks

There are no safe haven stocks in a broad based market sell-off. That is what broad-based means.


Analysts Expect The iShares S&P Mid-Cap 400 Value ET Will Reach $178

For the iShares S&P Mid-Cap 400 Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $178.50 per unit.


This S&P 500 Chart Just Went From Interesting To Dangerous

As with anything I do in my portfolio decision-making process, it is about reward/risk balance, looking for signs when it is changing, and then positioning accordingly, taking baby steps whenever possible (versus sweeping moves).


Trump’s Tariff Tweets Help Create Turmoil In The Markets

President Trump has tweeted both positive and negative tweets about his dinner with China President Xi. They helped the stock market on Monday but were probably one of the reasons the Dow dropped almost 800 points on Tuesday.


Long Live Gilets Jaune As Macron’s Makes A Fuel Tax U-Turn

Amid plunging poll ratings and high pressure street protests, Macon blinks and scraps his carbon fuel tax. So he is just another politician seeking public approval.


The Best “Convertible” Bond Fund For A 5.9% Yield Plus 15%

Stocks or bonds? For income-focused investors, why not blend the best of both worlds to collect interest and enjoy share price upside?


Outlook 2019: Market Gives Brazil Till June To Save Itself

Investors from London to New York all like Brazil under Bolsonaro. They give him six months max to fix the public pension system.


Bitcoin Sentiment Sparks a Bullish Bias

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


Gold Sentiment Prompts a Mixed Bias

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


Hedge Fund Performance Falters as Investors Flock to Passive Strategies

ETF investments have seen large inflows of capital recently due to their low costs and strong returns relative to Hedge Funds. But is the simplicity


AUD/USD Weekly Price Outlook: Aussie Reversal Targets in View

Aussie has plummeted more than 2.2% since the start of the month after reversing off technical resistance. Here are the levels that matter on the


Why Does the US Yield Curve Inversion Matter?

With US equity markets plunging this week, financial news media has been quick to point out movement in the bond market as the key catalyst.


S&P 500 Plunges, DAX Enters Bear Market on Trade War Fears

US equities took a substantial hit Thursday after markets were closed the day prior which may have compounded the sell-off.


US Household Net Worth Rises to $109 Trillion Over Third Quarter

American households are $2 Trillion wealthier after third quarter 2018 driven by gains in financial assets, but the uptrend could fade over the final months


EUR/USD: A 17% Decrease in Long Positioning Leads to a Mixed Bias

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


USD/CAD Weekly Price Outlook: US Dollar Rallies to Fresh Yearly Highs

USD has rallied nearly 10% against the Loonie since the yearly lows with price now eyeing key resistance. Here are the levels that matter on


EUR/USD Range in Focus Ahead of NFP Report, ECB Meeting

EUR/USD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report as Federal Reserve officials strike a less-hawkish forward-guidance for monetary policy.


Global Markets Extend Losses as Weekly S&P Shorts Drop 14%

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian


USD/CAD Rate Forecast: Post-BoC Rally Triggers RSI Breakout

Recent price action in USD/CAD keeps the topside targets on the radar especially as the Relative Strength Index (RSI) flashes a bullish signal.


Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses – US Market Open

Oil Prices Drop on Potential OPEC Disappointment, CAD Extends Losses – US Market Open


GBP/USD Sentiment is Unable to Provide a Clear Direction

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


US Dollar Unable to Rally Even as Risk Appetite Erodes

US financial markets are in ‘risk-off’ mode, with equities dropping alongsides US Treasury yields. That the greenback can’t rally is foreboding.


Oil Technical Analysis: Black Gold must break 52.00 resistance to travel to the $53.00 a barrel

Oil weekly chart

Oil is trading in a bear trend as it reversed the yearly gains sharply. 

Oil 4-hour chart

Oil tested the November lows. 


USD/MXN Technical Analysis: Outlook for Mexican peso improves after recovery from 5-month lows

USD/MXN Daily Chart



    Today Last Price: 20.3748

    Today Daily change %: -0.657%

    Today Daily Open: 20.5096



WTI bulls still way below the 23.6% fibo of Oct’s glut, as OPEC delay output decisions until Friday

Global growth concerns were once again sending markets into a risk-off mode where US futures hit the circuit breakers following revived risks over ten


Gold Technical Analysis: $1,244.00/oz is a brick wall – 1,233.00 bear target

Gold daily chart

Gold broke above the 200-day simple moving average (SMA) which is considered bullish. Technical indicators are bullish although th


US: Service sector in good shape – Wells Fargo

The ISM non-manufacturing index remained hot in October, explained Wells Fargo’s analysts. They point out that comments from survey respondents signal


USD: A moderation in Fed’s policy and risk appetite should weaken the dollar in 2019 – NBF

According to analysts at National Bank of Canada, after registering solid gains 2018, the US dollar is set for a giveback, on the back of a moderation


Silver unable to get head above the pivot due to strong market volatility, 200 4-hr support looks solid

The arrest of the chief financial officer of the Chinese telecoms company, Huawei Technologies, by the Canadian authorities, who now faces extradition


Is a high oil price bad for the United States? – Natixis

Analysts at Natixis, point out that higher oil prices are good for the United States as the effect in investment and employment in the oil and mining


USD/JPY recover from 5-week lows as US stocks trim losses

Risk aversion boosted the yen and pushed USD/JPY to 112.21, the lowest level since October 29. During the second half of the American session moved of


Gold makes a round trip leaving a daily doji on the charts, a warning to bulls

Spot gold has broken above the 38.2% fibo of the 2018 decline as investors run for the exits following a terrible start on Wall Street that has progre


USD/CAD pulls away from yearly highs, trades near 1.34

The USD/CAD pair gained traction and advanced to its highest level of the year at 1.3440 on Thursday as the commodity-sensitive loonie struggled to fi


Canada: Deficit widens due to energy prices – NBF

According to National Bank of Canada analyst Jocelyn Paquet, the increase in the trade deficit in Canada in october was due to a decline in energy pri


European closing: DAX bleeds another long bodied red candlestick and fresh 2-year low

European markets have been roiled by the Sino/US trade relations breaking down over the arrest of Meng Wanzhou, the chief financial officer of Huawei


US: Trade to remain drag on US growth – Wells Fargo

The US trade deficit was $55.5 billion. Analysts at Wells Fargo, point out exports saw a modest 0.1% decline, while imports rose 0.2% over the month.


European closing: FTSE made a two-year low on Huawei arrest, closed at 6,704.05 -3.15%

The UK FTSE 100 dropped to a two-year low just before midday on Thursday, tied in with the broad-based market selloff that has roiled markets and spar


Fed’s Bostic: Fed within “shouting distance” of neutral rate, which is where policy should head

In his prepared remarks, Atlanta Fed President Raphael Bostic argued that the Fed was within “shouting distance” of a neutral rate and added that this


GBP/USD Technical Analysis: Cable bulls challenge the 1.2800 figure on rumors of soft Brexit

GBP/USD daily chart

GBP/USD is trading in a bear trend below the 50, 100 and 200-day simple moving average (SMA).
GBP/USD is trading near 4-month’


British pound gathers strength on market chatter about a second referendum

The British pound rose against its major rivals in the last hour after a report suggested that British Prime Minister Theresa May discussed the possib


Saudi EnergyMin: Main scenario is 1 mln bpd cut, no decision yet

Speaking to reporters while leaving the OPEC headquarters, Saudi Arabia’s Energy Minister said that the main scenario was an output cut of one million


AUD/USD: Commodity and stock prices weighing on the high beta pair; Eyes on the 0.7165 13th November low

AUD/USD has travelled from 0.7393 early Dec highs within a descending channel, underperforming as commodity currencies lose out to the big dollar risi


Gold retreats from multi-month highs, clings to gains above $1240

The XAU/USD pair gained traction and rose sharply in the NA session as the precious metal gathered strength against its rivals amid stronger demand fo


S&P500 Technical Analysis: 2,650.00 bear target achieved and exceeded as sellers sink the market to the 2,620.00

S&P500 daily chart

USD/JPY is in a bear trend below the 200-day simple moving average (SMA).
As forecast, the S&P500 hit the 2650.00 bear target.


EUR/USD rejected above 1.1400, retreats to 1.1370

The EUR/USD pair pulled back and trimmed gains after being rejected from above 1.1400. The euro is up for the day, supported by a weaker US dollar sti


United States 4-Week Bill Auction increased to 2.365% from previous 2.32%

United States 4-Week Bill Auction increased to 2.365% from previous 2.32%


USD/JPY Technical Analysis: Greenback hammered down 112.20 as Wall Street bears own the market – 112.60 bull target

USD/JPY daily chart

USD/JPY is in a bull trend above the 200-day simple moving average (SMA).
USD/JPY found some support at the 100 SMA. 
Safe ha


Canadian employment preview – TD Securities

“TD looks for job growth to pick up to a 25k pace in November led by further gains in the services sector,” TD Securities analysts said in a recently


EIA: Commercial crude oil inventories decreased by 7.3 million barrels from previous week

Below are some key highlights from the weekly report published by the U.S. Energy Information Administration.

U.S. crude oil refinery inputs averag


USD/JPY slumps to 5-week lows near 112.30 as Wall Street extends losses

After staying quiet near 112.80 handle during the European trading hours, the USD/JPY pair came under a renewed selling pressure in the NA session and


United States EIA Crude Oil Stocks change came in at -7.323M, below expectations (-0.942M) in November 30

United States EIA Crude Oil Stocks change came in at -7.323M, below expectations (-0.942M) in November 30


OPEC meeting concluded with no figures, debate to continue Friday with non-OPEC

An OPEC delegate recently crossed the wires announcing that the meeting has concluded and they haven’t decided on the figure of the output cut. The de


Dramatic Day So Far Crossing Wall Street

The stock market is down again today after a severe loss on Tuesday. From Monday’s high to today’s low, the Dow lost 1,737.99 points. However, the mar


Morning News: December 6, 2018 Crossing Wall Street

Risk of No OPEC deal? ‘It’s Real,’ Saudi Energy Minister Says

The Relentless Flattening in Treasury Yield Curve Has Stalled

U.S. Appeals Court to He


Fiat Chrysler will reopen a factory in Detroit to build more SUVs: Report

Fiat Chrysler Automobiles will upgrade a factory in the Detroit area, the Detroit News reported. The FCA factory has been out of action since 2012.


Dow dives nearly 500 points, wiping out its gains for the year | Markets Insider

Stocks erased 2018 gains Thursday.
On Tuesday, Wall Street suffered its worst day since October. 
Watch the major US indexes trade in real time here…


Trump is losing the trade war with China based on his favorite report card, and it’s probably going to keep getting worse

The US trade deficit hit the highest level since 2008 in October and a big reason was President Donald Trump’s own policies.


This formerly dominant and often overlooked sector is at the epicenter of the stock market meltdown | Markets Insider

Semiconductors have been a beacon of stock-market outperformance for months, even years.
But recent headwinds have started to pile up, putting unprecedent…


Lyft has a ‘clear early-mover advantage’ in beating Uber to an IPO

“No one knows the exact economics of it,” an analyst at a pre-IPO merchant bank told Business Insider — but Lyft could be closer to turning a profit.


Everyone freaking out about an inverted yield curve is forgetting some things | Markets Insider

A portion of the yield curve has inverted, and that has some economists concerned about the heightened risk of a US recession and a blow to the stock mar…


Bank stocks fall the most in 18 months, tumbling into a bear market

Bank stocks are plunging as global equity markets continue their sell-off, driven by a flattening yield curve and trade war tensions.


Chinese tech stocks slide following ‘clear signal’ the trade war is escalating | Markets Insider

News emerged Wednesday that Meng Wanzhou, the CFO of the Chinese tech giant Huawei, was arrested in Canada on Saturday.
Beijing on Thursday demanded the …


European stocks just had their worst day since the UK voted for Brexit as Huawei CFO’s arrest rattles investors

The Stoxx 600 — which covers 600 companies in 17 countries, and is seen as the best EU-wide proxy for market sentiment — lost 3.3% on the day.


Warren Buffett says investors should heed this 19th-century poem when the market is crashing

Warren Buffett cited lines from Rudyard Kipling’s “If—.”


MoviePass unveils details about its new 3-tier pricing plan and confirms a leadership shakeup

MoviePass has released details about its new three-tier pricing plan that ranges from $9.95 to $19.95 beginning January 1.


Traders rush into Treasurys | Markets Insider

Treasury yields were sharply lower Thursday as traders moved into safety as stocks wiped out their gains for the year.
Thursday’s buying pushed yields dow…


Chinese tech giant Huawei’s CFO proves Trump’s trade war is ‘escalating to a new level’

The arrest of Huawei CFO Meng Wanzhou is a clear example that President Donald Trump’s trade war is more than just tariffs and the trade deficit.


Wall Street’s biggest firms are suddenly embracing an asset class that has languished since the financial crisis — and it’s a competitive threat to stocks

A comparatively safe asset class that has underperformed the stock market for most of the post-crisis period is suddenly regaining its allure.


Apple suppliers are sinking after an iPhone lens maker reported a big drop in sales (AAPL, TXN, MU, LITE) | Markets Insider

Apple suppliers were under pressure early Thursday after the Taiwanese lens maker Largan Precision reported a 25% drop in November revenue versus a year a…


The cannabis producer Aphria is plunging after announcing a committee will review its new acquisition that a short seller called ‘largely worthless’ (APHA) | Markets Insider

Aphria on Thursday said it had named a committee to review its acquisition of the medical-cannabis company LATAM Holdings.
On Monday, a short-seller put o…


Oil plunges as OPEC tries to balance supply concerns with Trump’s demands

A geopolitical price war rages in the background of OPEC’s summit between moderate cuts to production while appeasing President’s Trump and Putin.


10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, TSLA, MAR) | Markets Insider

Here is what you need to know.

Canada arrested Huawei’s CFO, and the US is seeking her extradition. Meng Wanzhou, the CFO of the Chinese technology compan…


Lululemon stock slides after earnings

Lululemon Athletica Inc. LULU, -1.63% shares dropped in late trading Thursday, after the athletic-wear company reported earnings that beat expectation


Stocks end off session lows after powerful reversal; Nasdaq ends positive

Most U.S. stock benchmarks closed lower Thursday, but well off the day’s worst levels, with the blue-chip Dow shedding as many as 785 points at its lo


Apple falls to third place behind Microsoft, Amazon in market cap

Apple Inc. AAPL, -1.11% once again lost its position as the most valuable U.S. company to Microsoft Corp. MSFT, +0.62% after its shares fell 1.1% in T


Fed weighing whether to signal wait-and-see mentality after December hike: WSJ

Federal Reserve officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase at their meeting in Dec


OPEC reached a preliminary pact in Vienna to cut oil output, but specific volumes yet to be decided: report

Members of the Organization of the Petroleum Exporting Countries reached a “preliminary agreement” following talks in Vienna to cut oil production, bu


Oil futures end lower as OPEC postpones an output cut decision to Friday

Oil futures settled lower on Thursday amid ongoing uncertainty surrounding the Organization of the Petroleum Exporting Countries’ decision on producti


All 11 S&P 500 sectors tumble by at least 1% in broad-based, stock-market tumble

Corrects originally headline which indicated that 30 sectors of the S&P 500 were lower rather than 11.

The S&P 500’s main sectors were all trading sh


Kraninger confirmed by the Senate to lead the Consumer Financial Protection Bureau

Kathy Kraninger was confirmed by the Senate to lead the Consumer Financial Protection Bureau by a 50-to-49 vote. Currently at the Office of Management


Shares of Conatus Pharmaceuticals plummet over 50% after Phase 2 trial fails to meet primary endpoint

Shares of Conatus Pharmaceuticals Inc. CNAT, -56.89% plummeted 53% Thursday after the company announced its Phase 2 clinical trial of emricasan did no


More than half of the S&P 500 components have produced death crosses

With the S&P 500 SPX, -0.15% poised to produce a bearish “death cross” chart pattern on Friday, more than half of the index’s components are already t


TheStreet’s stock soars to pace Nasdaq gainers after asset sales, CEO plan to resign

Shares of TheStreet Inc. TST, +35.53% rocketed 32% to pace all Nasdaq gainers in very active afternoon trade Thursday, after the financial-news compan


William Barr seen as Trump’s choice to be next attorney general: report

William Barr, who served as attorney general under President George H.W. Bush, is President Trump’s leading candidate to lead the Justice Department,a


Calvin Klein parent G-III Apparel shares plummet 15% after sales miss

G-III Apparel Group Ltd. GIII, -14.35% shares plummeted 15.2% in Thursday trading after the company, whose portfolio includes fashion brands Calvin Kl


Wall Street’s ‘fear index’ surges to 9-month high as Dow drops nearly 800 points

A popular gauge of volatility on Wall Street, known as the fear index, on Thursday jumped to its highest level since February as stocks tanked on the


Victoria’s Secret parent L Brands sees same-store sales soar… at Bath & Body Works

L Brands Inc. LB, +1.15% reported sales of $1.596 billion for the four weeks ending December 1, up from $1.267 billion last year. Same-store sales ros


Coca-Cola Chairman Muhtar Kent to retire after 10 years in the role

Coca-Cola Co. KO, -0.40% said Thursday Chairman Muhtar Kent plans to retire in April, after about 10 years in the role. Kent also served as chief exec


Dow skids 720 points as stock market plunges to session lows amid global growth worries.

The Dow Jones Industrial Average DJIA, -0.32% late-morning Thursday was trading at its lowest level of the session, as investors reacted to a falling


Michaels exceeds expectations but it’s a ‘low-quality beat,’ analysts say

Michaels Cos. MIK, -0.61% reported third-quarter net income of $83.7 million, or 50 cents per share, up from $79.8 million, or 44 cents per share, for


Del Frisco’s stock rockets toward biggest-ever gain after investor urges exploring a sale

Shares of Del Frisco’s Restaurant Group Inc. DFRG, +16.52% shot up 12.5% in morning trade Thursday, putting them on track for the biggest one-day gain


EIA reports a drop in U.S. crude supply for the first time in 11 weeks

The Energy Information Administration reported that domestic crude supplies fell by 7.3 million barrels for the week ended Nov. 30. Supplies had climb


Cannabis producer Acreage to acquire edibles company for $160 million in stock

Pot producer Acreage Holdings Inc. ACRZF, +8.64% said Thursday that it plans to acquire cannabis edibles maker Form Factory Inc. for $160 million in s


Five Below shares sink 7% after weak earnings guidance

Five Below Inc. FIVE, -2.67% shares sank 7.6% in Thursday trading after the discount retailer gave weak earnings guidance. Net income totaled $13.5 mi


Wells Fargo clean-up plan rejected by Fed, Reuters reports

The Federal Reserve rejected a proposal from scandal-plagued Wells Fargo & Co., WFC, -1.33% Reuters reported Thursday. In February, the bank was order


Guggenheim initiates Twitter, Alphabet stocks at buy while taking cautious view of Facebook and Snap

Guggenheim analyst Michael Morris initiated coverage of both Twitter Inc. TWTR, +1.21% and Alphabet Inc. GOOGL, +1.47% GOOG, +1.70% shares at buy on T


All 30 Dow stocks fall with Boeing, UnitedHealth and Apple the biggest drags

All 30 components of the Dow Jones Industrial Average DJIA, -0.32% are losing ground in morning trade Thursday, with just three of the components acco


Western Digital stock gains after upgrade

Craig-Hallum analyst Christian Schwab upgraded Western Digital Corp. WDC, +1.30% shares to buy from hold on Thursday, writing that while the exact tim


Mogu’s stock falls in NYSE debut after IPO priced at low end of expected range

The U.S.-listed shares of China-based online fashion company Mogu Inc. MOGU, +0.00% opened at $12 on the NYSE, or 14% below its initial public offerin


Oil futures sharply lower, with growing concerns that OPEC will not make an aggressive output cut

Oil futures traded sharply lower Thursday, as traders continued to await the outcome of the Organization of the Petroleum Exporting Countries meeting


Factory orders fall 2.1% in October, third drop in 4 months

WASHINGTON (MarketWatch) – U.S. factory orders dropped 2.1% in October in line with the forecast of economists polled by MarketWatch. Orders for Septe


Walgreens and FedEx partner for next-day prescription delivery

Walgreens Boots Alliance Inc. WBA, +0.14% has partnered with FedEx Corp. FDX, -0.21% for the launch of a next-day prescription delivery service, avail


Becoming a Better FX Trader – What Type of Trader Are You?

In this webinar, I discussed the importance of knowing your approach to markets as well as some tips for knowing which markets and times one should avoid bas…


USD/JPY and AUD/USD Forecast December 7, 2018

The US dollar has spent most the day falling against the Japanese yen but found a bit of a bid underneath, as the uptrend line continues to hold the market u…


EUR/USD and GBP/USD Forecast December 7, 2018

The Euro rallied significantly during the trading session on Thursday, but then rolled over to show signs of weakness again. The Euro continues to fail once …


WTI Crude Oil and Natural Gas Forecast December 7, 2018

The WTI Crude Oil market fell rather hard during trading on Thursday, slamming into the $50 level yet again as OPEC concluded their meeting without announcin…


Bitcoin Forecast December 7, 2018

Bitcoin markets fell again during the trading session on Thursday, after initially trying to rally. The $4000 level above offers resistance, and the fact tha…


S&P 500 and NASDAQ 100 Forecast December 7, 2018

The S&P 500 fell rather hard to kick off the trading session on Thursday, reaching down to the lows again but I think there is plenty of support at the 2600 …


Cheer Up


Trading is simple, not easy.


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Have a nice trading!

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