Heads-up News 

Sydney Trading Session Heads Up Tuesday, June 11, 2019

Sydney opening news digest

Non-Banks Are The Largest Holders Of Collateralized Loan Obligations GLobally

Over 30% of outstanding collateralized loan obligations are held by banks globally; the remainder is held by insurance companies, pension funds, open-end funds, and a wide array of non-banks. In the US, FSOC and OFR need to shed light on this opaque market.

 

Russia May Come Between OPEC Nations

Russia’s increased influence on OPEC has come to irk Iran and other member nations. This presents a risk of instability heading into the coming OPEC meeting.

 

2 Little-Known Funds Paying 6% In Cash

What if I told you I’d found a way for you to bank 7%+ in cash from real estate…

 

BlackRock Thinks China Can Weather Tariffs On Everything

Wall Street wants more stimulus from China in the event of a full-blown trade war.

 

This Biotech Sell Signal Has Never Been Wrong

Gilead Sciences stock has run into familiar resistance with bearish implications

 

Big Board Crowded With Mispriced Stocks

In today’s securities markets, more ’n’ more, tiny differences in input set off enormous changes in stock prices. A change of one-tenth of 1% in unemployment unleashes a 140 pointer on the downside. Focus on monthly trade numbers can reach Super Bowl proportions, as it did pre-Black Monday.

 

Analysts Forecast 11% Gains Ahead For The iShares Russell 1000 ETF

For the iShares Russell 1000 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $177.62 per unit.

 

How Has The U.S. Online Advertising Market Grown, And What’s The Forecast Over The Next 5 Years?

The U.S. advertising market has seen a marked shift in dynamics over the last decade due to the rise of digital advertising. In terms of component growth, non-digital revenues are expected to decline. Trefis expects total digital advertising revenue to reach $275 billion by 2024

 

Analysts Predict 10% Upside For The Vanguard Russell 1000 Growth ETF

For the Vanguard Russell 1000 Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $175.73 per unit.

 

Volatility Still Elevated Despite Rally, Pointing To Possible Anxiety In Market

The market is just 2% from all-time highs, but volatility continues to hang in as it appears investors are still worried about the possible impact of any one tweet or statement on trade. Meanwhile, core producer prices rose more than expected in May.

 

Please Don’t Buy The Dip In Nvidia Or Other Chip Stocks

Until the trade deal is reached, I’m being very cautious with American chip stocks and avoiding the Chinese companies dependent on them altogether. Why invest in a company that could be crippled at the whim of a politician?

 




What You Need to Know About CrowdStrike’s (CRWD) IPO

This report aims to help investors sort through CrowdStrike’s financial filings to understand the fundamentals and valuation of this IPO.

 

In Trump’s Multifront Trade War, Mexico’s Okay, China’s Definitely Not

China trade data suggests more headwinds to come, especially if Trump raises tariffs on $300 billion more of their imports.

 

The Implied Analyst 12-Month Target For The SPDR S&P MIDCAP 400 ETF

For the SPDR S&P MIDCAP 400 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $390.37 per unit.

 

Junk In The Trunk: The Story Of Today’s Bond Market

Bond investing is more than meets the eye. Like a car that looks nice on the outside and the interior is pretty comfy. Check the trunk of this particular vehicle, however, and you see a hidden risk. There’s plenty of junk there.

 

JP Morgan’s 180 On Its Stand-Alone Digital Bank Underscores The Adoption Challenges Facing Crypto

JP Morgan just shuttered its recently-announced stand-alone digital bank Finn. Entrepreneurs in the crypto industry would be well-served to heed the lessons taught from Finn’s closure.

 

Aussie Weekly Price Outlook: Australian Dollar Battle Lines Drawn

Aussie turned from key resistance last week with the pullback targeting near-term support just lower. These are the levels that matter on the AUD/USD weekly chart.

 

Euro Price Analysis: Bulls Bring EURUSD Bounce, EURJPY Resistance

The Euro continues to show strength in the face of a plethora of risks. In this article, setups are looked at on either side of the single currency.

 

Litecoin Price Surges to Yearly Highs as Crypto Rally Continues

With Bitcoin’s rally under pause, Litecoin has picked up the torch – pressing to yearly highs as the performance of some key cryptocurrencies continue to outpace other assets in 2019.

 

Gold Price Outlook: XAU Plummets from Yearly Highs- Bulls Eye Support

Gold prices are down nearly 2% from the yearly high and we’re on the lookout for support just lower. Here are the levels that matter on the XAU/USD charts this week.

 

Crude Oil Price Test of Downtrend May Determine USDCAD’s Next Move

USDCAD losses in recent days have coincided with an uptick in crude oil prices. Will they continue?

 

US Dollar Price Outlook in EUR/USD, GBP/USD, AUD/USD and USD/CAD

The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?

 

Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms – US Market Open

Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms – US Market Open

 




GBPUSD, AUDUSD, Gold, and More – Technical Outlook

The Dollar is sitting on substantial support, but will it hold? AUD and GBP have opposing looks to one another versus USD, while gold has major resistance to contend with.

 

Trading Reversals with the Harami Candlestick

Reversal strategies are risky, but a Harami candlestick can be used to help pick a point of entry in a reversal. Find out more…

 

US Dollar Index technical analysis: DXY continues stabilizing near 96.74 and 200 DSMA

DXY daily chart The US Dollar Index (DXY) is in a bullish trend above the 96.40 support and the 200-day simple moving averages (DSMA). DXY 4-hour char

 

A Fed rate cut shouldn’t be seen as a cure-all for ailing global growth – Morgan Stanley

Lisa Shalett, Chief Investment Officer at Wealth Management, still sees the S&P 500 remaining rangebound throughout this year, even with a rate cut fr

 

WTI technical analysis: Capped at hourly 200HR EMA and channel resistance

 

USD/MXN hits weekly lows but Mexican peso slowly loses shine

The Mexican peso extended the rally on Tuesday that followed the decision of US President Trump to suspend tariffs to Mexican imports. The USD/MXN bot

 

AUD/USD steadies near 0.6960, looks to close the day flat

After staging a technical correction of last week’s upsurge and closing the day 35 pips lower on Monday, the AUD/USD pair pushed lower earlier in the

 

NZD/USD: 20-D EMA downside target met, eyes back to 0.66 the figure on break of 200-hr SMA

The bird continued to slide yesterday and met a key downside target before stalling in quiet US trade which gives rise to a correction back towards 0.

 

WH advisor Kudlow: We’d like to go back to where we were a month ago with China trade talks

In an interview with CNBC, White House economic advisor Larry Kudlow said that they would like to go back to where they were a month with China with r

 

US CPI to slow two tenths to 1.8% in May – TD Securities

“We look for headline CPI to slow two tenths to 1.8% in May — a tenth below consensus — on the back of a mild 0.1% seasonally-adjusted monthly increas

 

EUR/USD technical analysis: Euro challenging the daily high near 1.1330

EUR/USD daily chart EUR/USD is in a bear trend below its 200 simple moving averages (SMAs). EUR/USD 4-hour chart The market is testing 1.1320 resistan

 

USD/TRY is not sufficiently stable to expect the CBRT to lower interest rates – Rabobank

According to Poitr Matys, EM FX strategist at Rabobank, the prospect of the Fed lowering interest rates in the coming months is an encouraging …

 




USD/JPY: Held-up at hourly cloud support, awaiting tomorrow’s CPI data

USD/JPY reinstated its southerly trajectory on Tuesday following a run to the upside that occurred in Asia with follow through in European markets. Th

 

United States 3-Year Note Auction fell from previous 2.248% to 1.861%

United States 3-Year Note Auction fell from previous 2.248% to 1.861%

 

USD/CAD jumps to levels on top of 1.3300 as Loonie retreats

On a quiet session, the USD/CAD pair offered a surprise move to the upside, after trading in a tight range for hours. The rally took place amid a decl

 

President Trump crossing the airwaves, talking positively about China and N.Korea politics

U.S. President Trump is crossing the air waves and is making random comments over Mexico, China and N.Korean relations, expecting to meet with Chinese

 

USD/CHF technical analysis: Greenback stabilizing above 0.9860

USD/CHF daily chart USD/CHF is consolidating losses below the parity level and the 200-daily simple moving averages (DSMAs). USD/CHF 4-hour chart USD/

 

US crude output to rise 1.36 million bpd in 2019 to 12.32 mbpd – EIA

In its latest monthly report, the Energy Information Administration (EIA) announced that the total crude oil production in the U.S. was expected to in

 

GBP/USD rises slowly to fresh daily highs above 1.2725

The GBP/USD pair printed a fresh daily high at 1.2728 and as of writing trades near the top, holding a bullish tone but still on the range of the last

 

United States IBD/TIPP Economic Optimism (MoM) came in at 53.2 below forecasts (59.2) in June

United States IBD/TIPP Economic Optimism (MoM) came in at 53.2 below forecasts (59.2) in June

 

Banxico’s Diaz de Leon: Forex development is a risk for inflation, as is health of public finances

While speaking at an event in Mexico City, Mexican Central Bank Governor Alejandro Diaz de Leon said that the developments surrounding the Mexican pes

 

ECB: QE would be re-launched due to a deterioration in the inflation outlook – ABN AMRO

Analysts at ABN AMRO stated that a rate cut by the ECB would be an instrument to fight against currency strength…

 

Gold finds support near $1320, remains in the negative territory

The troy ounce of the precious metal continued to lose value on Tuesday following last week’s impressive rally and the XAU/USD pair dropped to its low

 

EUR/GBP technical analysis: Euro dipping to daily lows near 0.8900 figure

EUR/GBP daily EUR/GBP is trading in a steep bull trend above its main simple moving averages (SMAs). EUR/GBP 4-hour chart The bull channel is intact a

 




Oil technical analysis: WTI is under pressure below $54.30 a barrel

Oil daily chart WTI (West Texas Intermediate) is under bearish pressure below $55.00 a barrel and its main simple moving averages (SMAs). Oil 4-hour c

 

EU’s Juncker: Italy is moving in “unsound direction”

In an interview with Politico’s Florian Eder, European Commission President Jean-Claude Juncker argued that Italy is running risks of being stuck in a

 

US: Small Business Optimism Index shows confidence about future prospects – Wells Fargo

The NFIB Small Business Optimism Index rose in May to the highest level since October. Analysts at Wells Fargo noted capex plans rose, while inflation

 

UK: Labour to tale cross-party motion to prevent no-deal Brexit – Daily Mirror

According to Pippa Crerar, Daily Mirror’s political editor, the opposition Labour party is preparing to table a cross-party motion to prevent a no-dea

 

USD/CAD struggles to find direction, fluctuates in tight range above 1.3250

For the second straight day, the USD/CAD pair is having a difficult time setting its next short-term direction amid a lack of fresh significant fundam

 

EU governments’ officials back EC’s assessment that procedure over Italy’s debt is warranted

Citing an EU official familiar with talks, Reuters recently reported that the EU governments’ officials back the European Commission’s assessment that

 

WTI upside stalled at $54.00 ahead of API report

Prices of the WTI are fading the negative start of the week, although the optimism lost vigour at the $54.00 mark. WTI now looks to API Prices of the

 

USD/JPY technical analysis: Intraday positive move falters near 1-week old ascending trend-line resistance

This coupled with the possible occurrence of a golden-cross on the 1-hourly chart, wherein 50-hour SMA is looking to break above 200-hour SMA, further

 

Uber’s first air-travel market outside of the United States will be Melbourne, Australia

Australia will join Los Angeles and Dallas as the first pilot cities for its urban air-mobility offerings, the company said at a conference Tuesday.

 

Inside Amazon’s wild robot conference that started as a Jeff Bezos private party

From drones to spider-bots, the collection of droids at Amazon’s show gave a remarkable peek at the promises, and shortcomings, of our robotic future.

 

National Beverage craters after a new lawsuit alleges the company made false claims about chemicals in LaCroix cans (FIZZ) | Markets Insider

National Beverage Corp. shares slid on the news that a lawsuit has been filed against its beverage company LaCroix. 
The lawsuit claims the presiden…

 

See inside Uber’s first passenger drone, which could eventually fly passengers at 150 mph while burning no fossil fuels

Uber showed off the latest in its vision for the future of air travel at a conference in Washington, DC, this week.

 




Sprint tumbles after report says 10 states are suing to block its merger with T-Mobile (TMUS, S) | Markets Insider

Ten attorney generals from US states on Tuesday are expected to file a lawsuit in the the Southern District of New York to block the proposed merger bet…

 

Lovesac is tanking after warning Trump’s tariffs will hit profits, says it’s moving production out of China (LOVE) | Markets Insider

Lovesac shares plunged 16% on Tuesday after the furniture retailer warned President Donald Trump’s tariffs on Chinese goods would weigh on profits this ye…

 

Traders are overwhelmingly expecting the Fed to slash rates next month | Markets Insider

As the economy shows signs of slowing, the market is growing increasingly confident that lower borrowing costs are on the horizon.
The probability that t…

 

GOLDMAN SACHS: The music-streaming industry will nearly triple over the next 20 years. Here are the 4 dominant stocks you should buy to ride the wave.

The online music-streaming industry is growing even faster than experts previously expected, and an elite group of companies is positioned to thrive.

 

Apple’s biggest iPhone manufacturer has a backup plan in case the trade war between the US and China continues to escalate

Foxconn, Apple’s biggest iPhone production partner, is ready to move all assembly outside of China if necessary amidst mounting trade tensions.

 

‘Peak car’ worries are mounting and used-car sales are a potential ‘red flag’ (GM, F) | Markets Insider

A shift to used-vehicle sales in the US is the latest data point that suggests ‘peak car’ may have already happened in the United States.
Shareholder retu…

 

Uber’s first passenger drone is a helicopter-plane hybrid that can carry passengers across cities at 150 mph

A full-scale model of the aircraft was unveiled Tuesday at Uber’s Elevate conference in Washington, DC.

 

A Lyft analyst is changing his tune now that Uber’s IPO is ‘out of the way’ (LYFT, UBER) | Markets Insider

Lyft shares rose Tuesday after the ride-hailing company received an upgrade at Susquehanna. 
Analyst Shyam Patil thinks Lyft is more attractive now t…

 

Trump lashes out at the Fed and suggests people want to travel to Europe because of ‘devalued’ currencies | Markets Insider

President Donald Trump lashed out at the Federal Reserve in a series of tweets Tuesday morning.
He said that currencies including the euro are devalued ag…

 

GrubHub pops as Amazon exits restaurant delivery in the US (GRUB) | Markets Insider

Amazon is backing out of the restaurant-delivery space in the US after facing stiff competition from GrubHub, UberEats, and DoorDash. 
In November, A…

 

Beyond Meat is ‘Beyond Our Price Target,’ JPMorgan warns (BYND) | Markets Insider

Beyond Meat shares have surged more than 600% since the pricing of the company’s initial public offering on May 1. 
On Tuesday, JPMorgan downgraded …

 

A boat, a motorhome, and a $1 million Mustang — take a look at 11 luxury vehicles bought by the couple who allegedly scammed Warren Buffett | Markets Insider

The couple accused of fleecing Warren Buffett’s Berkshire Hathaway as part of an $800 million ‘Ponzi-type’ scheme used money from the scam to buy …

 




China, Mexico, now France: Trump just attacked ‘not fair’ French wine tariffs again

“France charges us a lot for the wine. And yet we charge them very little for French wine. You know what? It’s not fair. We’ll do something about it.”

 

Dave & Buster’s stock tanks after company’s quarterly miss, lowered guidance

Shares of Dave & Buster’s Entertainment Inc. fell more than 14% in the extended session Tuesday after the retailer reported first-quarter sales and…

 

Dow snaps 6-session win streak as shares of United Tech sag

U.S. stock benchmarks on Tuesday halted a multiday win streak as industrials and utilities shares slumped. The Dow Jones Industrial Average finished down…

 

Mulvaney expects Trump-Xi meeting won’t be a ‘deal closer’

Acting White House chief of staff Mick Mulvaney said Tuesday he expects President Donald Trump and Chinese President Xi Jinping will meet at a G-20 summit in…

 

Cannabis stocks mostly fall, after 2-day rally

The cannabis sector traded mostly lower Tuesday, with the ETFMG Alternative Harvest ETF down 1.0% as 24 of 38 components traded lower. The Horizons Marijuana…

 

3M discloses charge of $160 million for deconsolidation of Venezuelan subsidiary

3M Co. disclosed Tuesday that it will record a charge of $160 million, or 27 cents a share, in the second quarter for the deconsolidation of its Venezuelan…

 

Sprint, T-Mobile stocks fall after 10 state attorneys general file suit to block merger

Shares of Sprint Corp. dropped 5.2% and T-Mobile U.S. Inc. shed 1.4% in midday trade Tuesday, after a multi-state lawsuit by State Attorneys General was…

 

Corn futures turn higher as USDA forecasts lowest U.S. production in 4 years

Corn futures turned higher Tuesday after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report said U.S. corn production…

 

EIA cuts forecasts on oil prices and U.S. crude-oil production

The U.S. Energy Information Administration reduced its forecasts for oil prices and U.S. crude-oil production, according to its Short-term Energy Outlook…

 

Alibaba investors are ‘still bullish but slightly less so,’ says UBS

UBS analyst Jerry Liu wrote Tuesday that Alibaba Group Holding Ltd. investors appear “still bullish but slightly less so,” based on his firm’s…

 

GrubHub stock gains after Amazon ends restaurant-delivery service

Shares of GrubHub Inc. rose 5% in morning trading Tuesday amid reports that Amazon.com Inc. is shutting down its restaurant-delivery business. “The…

 

S&P 500 jumps at the open intraday, stands about 1.1% shy of its April 30 record

The S&P 500 index opened solidly higher on Tuesday morning, with the benchmark poised to extend its rally to a fifth straight day and putting it in…

 




Nordstrom to include six food-and-beverage concepts in NYC flagship

Nordstrom Inc. announced six new food and beverage concepts that it will feature in the New York City flagship store, slated to open Oct. 24, 2019. The…

 

Dow jumps 180 points at the open, set for 7th straight gain amid talk of China economic stimulus

U.S. stocks benchmarks Tuesday morning opened firmly higher, adding to a multisession run that has been partially supported on the day by reports of China…

 

Bolton says third U.S.-North Korea summit ‘entirely possible’

A third summit meeting between President Donald Trump and North Korean leader Kim Jong Un is “entirely possible,” White House National Security…

 

Trump says Fed is keeping interest rates ‘way too high’

President Donald Trump on Tuesday complained on Twitter that the Federal Reserve was keeping interest rates “way too high,” allowing “the Euro…

 

Beyond Meat launching ‘meatier’ burger for summer

Beyond Meat Inc. said Tuesday that it is launching the latest version of its Beyond Burger for summer. The “meatier” plant-based meat patty…

 

CymaBay Therapeutics stock down 43% after NASH trial data disappoint investors

Shares of CymaBay Therapeutics Inc. plummeted 43% in premarket trade Tuesday after the biotech said data from an ongoing Phase 2 trial showed patients with…

 

Legacy Reserves to file for bankruptcy as oil and gas price downturn prompts financial restructuring

Legacy Reserves Inc.’s stock plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an…

 

JetBlue stock takes off after Citi upgrade

Shares of JetBlue Airways Corp. are up more than 4% in premarket trading Tuesday after Citi analyst Kevin Crissey turned bullish on the airline. In the short…

 

Intel’s Barefoot acquisition gives it a ‘strong technical boost,’ says Wells Fargo

Intel Corp. is getting a “strong technical boost” with its recently announced acquisition of Barefoot Networks, according to Wells Fargo’s Aaron…

 

H&R Block’s stock jumps after profit beat, raised dividend and $405 million acquisition

Shares of H&R Block Inc. surged 5.1% toward a 6-month high in premarket trade Tuesday, after the tax preparation services company reported fiscal…

 

Alphabet shareholders could see 50% upside in break-up scenario, says analyst

Needham analyst Laura Martin wrote Tuesday that Alphabet Inc. shares look “too cheap” given that the Department of Justice was given jurisdiction…

 

Lyft stock jumps after Susquehanna turns bullish

Lyft Inc. shares are up more than 4% in premarket trading Tuesday after Susquehanna analyst Shyam Patil upgraded the stock to positive from neutral….

 




Cree’s stock falls after profit and sales outlook cut, citing Huawei ban

Shares of Cree Inc. fell 6.0% in premarket trade Tuesday, after the chip maker cut its fourth-quarter profit and sales outlook, citing the U.S. government’s…

 

Facebook stock rises after MoffettNathanson upgrade

Facebook Inc. shares are rising in premarket trading Tuesday after MoffettNathanson analyst Michael Nathanson upgraded the stock to buy from neutral, writing…

 

Amazon Go opens on Park Avenue, NYC’s second Go store

Amazon.com Inc. opened its second New York City Go store on Park Avenue in Manhattan early Tuesday morning. The 1,700-square-foot store will offer…

 

Chico’s stock falls toward lowest level in a decade after same-store sales miss, lowered guidance

Shares of Chico’s FAS Inc. slumped 6.2% toward a 10 1/2-year low in premarket trade Tuesday, after the women’s apparel retailer reported fiscal first-quarter…

 

S&P 500 and NASDAQ 100 Forecast June 12, 2019

The S&P 500 initially rallied during the trading session on Tuesday, breaking above the 2900 level during the day. By breaking above there, it would have bee…

 

WTI Crude Oil and Natural Gas Forecast June 12, 2019

The WTI Crude Oil market shot higher initially to kick off the day on Tuesday, as we attempt to reach towards the $55 level, which of course is psychological…

 

Gold Forecast June 12, 2019

Gold markets initially fell during the trading session on Tuesday, reaching down towards the $1325 level, which of course has been important a couple of time…

 

EUR/USD and GBP/USD Forecast June 12, 2019

The Euro initially fell during the trading session on Tuesday but found buyers later in the day as we continue to grind towards the 1.1350 level. That being …

 

USD/MXN Forecast June 12, 2019

The US dollar initially tried to rally against the Mexican peso, breaking above the 50 day EMA at the open. However, we rolled over again and broke down belo…

 

USD/JPY and AUD/USD Forecast June 12, 2019

The US dollar has rallied a bit during the trading session on Tuesday, breaking above the highs of the Monday shooting star, but has sold off later in the da…

 

Cartoon:


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Have a nice trading!




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