Heads-up News 

Sydney Trading Session Heads Up Tuesday, June 18, 2019

Sydney opening news digest

Domino’s Pizza Inc Leads Pizza Chain Growth Across The World

Domino’s Pizza Inc (NYSE:DPZ) has seen very high growth since 2014, which took it to the top of global pizza chains in 2017 with respect to retail sales. Its operating margin has also continuously increased with 2018 seeing the highest jump in the last six years to 37.9%, ahead of Pizza Hut at …

 

Why Has Roku Stock Outperformed?

Streaming media player maker Roku’s (NASDAQ: ROKU) stock has risen by ~280% since it listed in September 2017. While Roku is best known for its streaming hardware (Players), its financial performance is being driven primarily by growth in the high-margin Platform business, which generates revenue…

 

Cloud Looming? Oracle’s Revenue Seen Down In Competitive Atmosphere

Declining revenue for a second-straight quarter in an increasingly competitive cloud-computing environment could loom for Technology firm Oracle (ORCL) as it prepares to report Wednesday.

 

The Worst Chip Stock to Own This Summer

Chip stock Nvidia (NVDA) has struggled to recapture the magic from its 2018 run up the charts. Unfortunately, this summer could be a slog for NVDA too

 

IMF Head Christine Lagarde On Closing The Gender Gap And Navigating Leadership In A Room Full Of Suits

The IMF’s Christine Lagarde on why closing the gender gap is essential for global growth and the three qualities every good leader should cultivate.

 

New York City Home Buyers Rushing To Close Before July 1 Mansion Tax Hike

Real estate agents and their clients are in a mad dash to close before the end of this month, experts say.

 

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.

 

Mark Zuckerberg Is About To Become The Head Of A Swiss Bank. 3 Reasons It Should Make You Think

Libra is the new Facebook cryptocurrency and unlike others, it has the right components to potentially rock our daily lives. Facebook and its stoic founder Mark Zuckerberg might have a very big grin on its face when this is all settled

 

Analysts Anticipate The Vanguard Russell 1000 ETF Will Reach $147

For the Vanguard Russell 1000 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $146.78 per unit.

 

As Fed Gathers, Positive Vibe Appears To Return As Strength In Europe Crosses Ocean

We’ve been extremely range-bound the last few days, but that seems to be changing amid growing hopes for stimulus from the European Central Bank. Odds for a Fed rate cut tomorrow are still low, but grew overnight, according to the futures market.

 

The Implied Analyst 12-Month Target For The Vanguard Large-Cap ETF

For the Vanguard Large-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $146.68 per unit.

 




Fed Rate Cut: It’s Not What You Think

The Fed is unlikely to cut rates once and leave it be. Like roaches, there is rarely just one. Interest rates are raised gradually, to combat potential inflation and curb speculative economic activity (yeah, good luck with that!), and they are reduced the same way….gradually, successively.

 

Market Thinks Brazil Pension Reform Is In The Bag

Thank you, Paulo Guedes. After pension reform passes, markets will be quick to test Bolsonaro’s next move before walking away.

 

Capitalism vs Climate Change: The Venture Capitalists’ Perspective

Two venture capitalists share their thoughts on investing in Carbon Engineering, a leading edge start-up with compelling technology to help humanity mitigate the effects of climate change.

 

How Low Can China’s Currency Go?

The Chinese yuan may weaken into the 7s. If so, Chinese investors may be looking to take their money out of the country in greater numbers.

 

Leaving LIBOR Behind As SONIA Transitions To Risk Free Rates

LIBOR has been tainted by manipulation scandals and a lack of liquidity. The U.K. is steadily moving to a more appropriate “risk free” measure of market interest rates.

 

GBP: Boris Johnson Inches Closer to Topping Tory Leadership Vote

The second round of votes by British MPs just released underscored Boris Johnson as the clear favorite to become the next UK Prime Minister.

 

Pre-FOMC Price Action Setups in USD/JPY, AUD/USD, Crude Oil and Gold

Tomorrow brings the FOMC, and there’s little expectation for any actual moves. The driver, and the devil, will be in the details, however.

 

Italy’s Mini-BOTs: Fiscal Stimulus or Illegal Parallel Currency?

Matteo Salvini’s government continues to drive up risk premiums as key figures hint at the possibility of issuing small government securities to overcome their ongoing budget crisis. Some politicians have even consider returning to a national currency and monetary independence.

 

US Trade Rep Lighthizer Testifies Before Senate Committee on USMCA

USTR Lighthizer testified before the Senate Finance Committee Tuesday morning as Congress continues to maul over the fine print of the USMCA as proponents attempt to inch the deal closer to passing Congress.

 

Kiwi Price Outlook: New Zealand Dollar Counter-Offensive, First Test

A defense of the yearly lows in Kiwi has the recovery testing initial resistance targets ahead of the Fed. Here are the levels that matter on the NZD/USD price charts.

 

EURJPY, EURUSD Rates Hit by Selling Pressure after Draghi Comments

With ECB President Mario Draghi talking up the possibility of more stimulus, the Euro is under renewed pressure across the board.

 

Gold Price Gears Up for Another Shot at Big-Picture Breakout

Gold prices have remained on the move so far in June, but a big area of long-term resistance has come back into play. Can buyers finally elicit a push beyond this zone?

 




USDCNH Drops, Dow Jones Pops as Trump and Xi Set to Meet at G20

The Dow Jones added to already-established gains on Tuesday after President Trump announced he would meet with Chinese President Xi Jinping in Japan next week.

 

Crude Oil Price Downtrend May be Over – Implications for USDCAD Rates

Crude oil prices have closed below their daily 8-EMA every session since May 22. The bullish key reversal forming today suggests the downtrend may be coming to an end.

 

Currency Wars: Trump Blasts Dovish Draghi on Talk of Rate Cuts and QE – US Market Open

Currency Wars: Trump Blasts Dovish Draghi on Talk of Rate Cuts and QE – US Market Open

 

US Dollar Price Outlook: USD Back to 97.70, Bulls Push Ahead of FOMC

US Dollar bulls have come back to bid the currency higher after a test of a big zone of support. But can they keep control through tomorrow’s FOMC?

 

Market Sentiment Stabilizing | Webinar

Risk appetite remains poor in the financial markets but confidence seems to be steadying even though the geopolitical backdrop remains unhelpful.

 

US Dollar Index technical analysis: DXY climbs steadily ahead of the FOMC on Wednesday

The Greenback is starting the week strong. Bullish investors will be scrutinizing the FOMC report on Wednesday. If the Federal Reserves seems not to b

 

USD/CAD technical analysis: Greenback ends the day near its low against CAD sub-1.3400

USD/CAD is in a bull trend above its 100 and 200-day simple moving average (DSMA). The market found some resistance at 1.3440 and the 50 SMA. USD/CAD

 

WTI ends the New York session over 3% higher in risk-on markets

West Texas Intermediate spot prices moved between $51.52 to $54.29, ending 3.89% higher on the day, edging its way towards the 20-D EMA. President Don

 

DXY: Forecast point to a 4% slide over 6-12M – CitiBank

In their weekly report, analysts at Citibank point out their medium to long term bias in the US Dollar Index (DXY) remains bearish. The see the Index

 

USD/MXN back to the consolidation range, Mexican peso not ready to extend gains

The USD/MXN bounced back to 19.15 from the weekly lows, erasing daily losses. The Mexican peso weakened across the board during the American session d

 

USD/CHF pulls away from 2-week highs, steadies near parity

After failing to break above the critical parity mark earlier in the day, the USD/CHF pair dropped to 0.9980 but gained traction in the NA session and

 




Canada: Manufacturing sector should contribute to economic growth in Q2 – NBF

Data released today showed that shipments of manufactured goods fell in April in Canada and May’s numbers were revised higher. Kyle Dahms, an analyst

 

EUR/USD unable to reclaim 1.1200, Euro consolidates losses across the board

The EUR/USD pair bottomed at 1.1180 earlier today, the lowest level in two weeks. The recovery was capped by 1.1210 and as of writing trades at 1.1190

 

AUD/USD climbs out of descending channel on trade talk and Fed optimism

AUD/USD has recovered from the lowest levels since the Jan 2019 flash crash lows on trade talk optimism. Despite the RBA minutes of the June RBA Board

 

USD/JPY technical analysis: Back into the middle of the range near 108.45

USD/JPY is trading in a bear trend below its main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which is seen as bearis

 

Brexit: The race to Number 10 Downing Street, second ballot results

In the latest stage of the process for deciding the UK’s next prime minister, the result of the second ballot for the Conservative leadership is being

 

EUR/GBP technical analysis: Euro decelerates against the Pound to 0.8930

EUR/GBP is in a bull trend above its main simple moving averages (SMAs). The market attempted to break above Monday high but is currently under pressu

 

USD/CAD slumps below 1.34 as loonie capitalizes on crude oil rally

The USD/CAD pair came under a renewed bearish pressure in the second half of the day and dropped below the 1.34 mark as the commodity-sensitive loonie

 

US Housing Starts: A gradually improving trend despite May’s slide – Wells Fargo

Data released today showed that a smaller than expected decline in May Housing Starts. Analysts at Wells Fargo point out despite the drop, there were

 

New Zealand GDT Price Index came in at -3.8% below forecasts (-3.6%)

New Zealand GDT Price Index came in at -3.8% below forecasts (-3.6%)

 

NZD/USD rises further on the back of risk appetite, moves away from 0.6500

The NZD/USD pair strengthened after the beginning of the American session amid an improvement in risk sentiment and extended gains. NZD/USD extends th

 

WH adviser Kudlow: White House is not considering demoting Fed chair Powell

Responding to the Bloomberg report claiming that White House has explored the legal options to demote FOMC Chairman Powell, White House economic advis

 




United States 52-Week Bill Auction dipped from previous 2.28% to 1.985%

United States 52-Week Bill Auction dipped from previous 2.28% to 1.985%

 

White House explored legality of demoting Fed Chairman Powell – Bloomberg

According to Bloomberg, Trump administration has explored the legality of demoting FOMC Chairman Jerome Powell. Developing story…

 

WH adviser Kudlow: Want to continue China talks to address structural changes, enforcement

In an interview with Fox News, White House adviser economic Larry Kudlow said that they wanted to address structural changes and enforcement as they c

 

EUR/USD technical analysis: Euro under heavy pressure below 1.1200 figure

EUR/USD is in a bear trend below its main simple moving average (DSMA). The market is breaking below the 1.1200 figure. EUR/USD 4-hour chart The marke

 

AUD/USD spikes beyond mid-0.6800s, snapping four days of losing streak amid renewed trade optimism

The AUD/USD pair built on its steady intraday recovery from multi-month lows and spiked to fresh session tops, around the 0.6865-70 region in the last

 

USTR Lighthizer: US-Mexico-Canada agreement has ‘most ambitious labor chapter’ ever negotiated

In his prepared remarks delivered to lawmakers on Tuesday, the U.S. Trade Representative, Robert Lighthizer, said that the U.S.-Mexico-Canada (USMCA)

 

Chinese state media: President Xi agrees to talk with Trump during G20

Citing Chinese state TV CCTV, Reuters recently reported that China’s President Xi held a phone call with U.S. President Trump and agreed to meet durin

 

GBP/USD technical analysis: Cable slides to multi-month lows

GBP/USD daily chart GBP/USD is trading in a bear trend below its main simple moving averages. The market broke below the May’s low at 1.2558. The next

 

BoE’s Carney: BoE retains the ability to relaunch term funding scheme as necessary

While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, Bank of England Governor Mark Carn

 

Cisco CEO says he’s forbidden his sales people from using Huawei’s problems to win business

If there’s one company that should be grinning with glee over Huawei, it’s Cisco, which has been sounding the alarm about its Chinese rival for years.

 




The SEC just dinged another Wall Street firm in a probe that’s claimed more than $400 million in fines from the likes of JPMorgan and Deutsche Bank

Wedbush is the 11th firm the SEC has cited in an investigation into what it calls “abusive” pre-release practices around American Depository Receipts.

 

Snap surges 10% after analyst says Wall Street is underestimating the company’s growth potential (SNAP) | Markets Insider

Snap shares jumped as much as 10% on Tuesday after an analyst at BTIG increased his price target for the company to $20 from $15.
Author Richard Greenfie…

 

This former Golden State Warrior now advises the newly rich. Here’s his 3-point play for achieving financial success.

Troy Murphy traded his 12-year NBA career for a role as an investment adviser to the newly wealthy. He reveals his approach to investing and learning.

 

The White House reportedly looked into demoting the Federal Reserve chief | Markets Insider

Bloomberg reported Tuesday that the White House Legal Counsel examined whether it was possible to strip Federal Reserve Chairman Jerome Powell of his posi…

 

Trump told the US stock market exactly what it wanted to hear. Now it’s headed for its best day in 2 weeks. | Markets Insider

Stocks in the US soared Tuesday, extending earlier gains after President Donald Trump said he and Chinese President Xi Jinping are set to meet later this …

 

Beyond Meat short sellers are stubbornly clinging to their bets, even after racking up $600 million of losses in less than 2 months (BYND) | Markets Insider

Beyond Meat short sellers have lost $604 million in mark-to-market losses betting against the stock, according to data from S3 Partners.
Still, short sell…

 

Netflix climbs after analyst says the streaming giant will smash expectations for subscriber growth (NFLX) | Markets Insider

Netflix climbed on Tuesday morning after Piper Jaffray analyst Mike Olson upped his estimates for domestic subscriber growth.
Olson’s analysis predicts Ne…

 

A top Wall Street strategist just toured China as trade tensions grip the nation. Here were his biggest takeaways. | Markets Insider

John Stoltzfus, Oppenheimer Asset Management’s chief investment strategist, recently visited areas in mainland China and Taiwan, including Beijing, Ta…

 

Trump says ‘extended’ trade talks with China will resume before G20 | Markets Insider

President Donald Trump said Tuesday he and Chinese President Xi Jinping had spoken on the phone and planned to have an ‘extensive’ meeting at a multilater…

 

Alexandria Ocasio-Cortez hits back at Amazon’s Twitter attack and accuses the company of relying on food stamps to ‘make up for their low wages’

Hours earlier, Amazon had blasted Rep. Alexandria Ocasio-Cortez in a tweet calling her “just wrong.”

 

Here’s everything you need to know about blockchain, the ground-breaking tech that could be as disruptive as the internet

From financial services to contracts and shipping, blockchain could fuel a $300 billion to $400 billion industry by 2027.

 

Trump just attacked Mario Draghi — accusing the European Central Bank chief of manipulating the euro | Markets Insider

President Trump accused the European Central Bank of manipulating the euro after it fell 0.28% following ECB President Mario Draghi’s pledge to stimulate …

 




Best Buy is now selling high-tech running machines, Flywheel bikes, and Hydrow rowing machines

The $14 billion home fitness market is booming, and Best Buy wants to cash in — first online, and then in 100 stores by the end of the year.

 

Bitcoin spikes to its highest level in a year after Facebook unveils crypto plan | Markets Insider

Bitcoin’s price rose as high as $9,477 over the last 24 hours after Facebook announced it’s new cryptocurrency Libra. 
Ethereum and Ripple also hit m…

 

Beyond Meat’s post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND) | Markets Insider

Beyond Meat gained more than 15% in pre-market trading Tuesday.
The jump in shares extended a rally from news of a newly announced ground beef product an…

 

Investors — terrified by the global trade war — have more cash sitting on the sidelines than in the 2011 debt crisis, and Bank of America says it’s ‘a contrarian buy signal’

Bank of America’s monthly fund manager’s survey quizzes 230 leading investors who are now at their most bearish since the global financial crisis.

 

Adobe stock ticks higher as quarter beats Street, outlook doesn’t

Adobe Inc. shares rose in the extended session Tuesday, after a brief dip, as the software company’s quarterly results beat Wall Street estimates but its…

 

S&P 500 ends around 1% short of record after Trump touts U.S.-China trade meeting

U.S. stocks ended higher on Tuesday, after President Trump touted a positive phone call with his Chinese counterpart Xi Jinping about next week’s trade…

 

Yeti shares rise after sneak peek of new products

Shares of Yeti Holdings Inc. rose 4.5% in Tuesday trading after the company’s chief executive presented new products to the audience at the Jefferies…

 

Fifth Third’s stock rallies after boosting dividend, setting new 100 million share buyback program

Shares of Fifth Third Bancorp rallied 2.2% in afternoon trading Tuesday, after Ohio-based bank said it was increasing its dividend by 9% and setting a new…

 

U.S. oil prices mark highest finish in more than a week

U.S. oil futures rallied Tuesday as a tweet from President Donald Trump hinted at progress in U.S.-China trade talks, easing the market’s worries about a…

 

Grocery Outlet boosts expected IPO pricing, lifting valuation to up to $1.6 billion

Grocery Outlet Holding Corp. raised on Tuesday the expected pricing range of its initial public offering, which could now value the extreme-value retailer of…

 

Gold futures settle at a 14-month high

Gold futures climbed Tuesday to settle at their highest in 14 months, as comments from European Central Bank President Mario Draghi set the stage for lower…

 

Allergan stock jumps 3.8% after Evercore ISI analyst says company is likely heading toward a split

Shares of Allergan Plc shot up 3.8% Tuesday afternoon after Evercore ISI analyst Umer Raffat said a call with the drugmaker’s general counsel left him…

 




Trump says Shanahan withdraws nomination to be defense secretary

Acting Defense Secretary Patrick Shanahan won’t go forward with the confirmation process, and Army Secretary Mark Esper will replace him in an acting…

 

Best Buy launches line of connected fitness products

Best Buy Co Inc. announced Tuesday that it has launched a line of connected fitness products, including bikes and rowing machines. The collection comes via…

 

Lululemon launches line of personal care products

Lululemon Athletica Inc. said Tuesday that it is launching a line of personal care products for men and women online, in 50 Lululemon stores, at select North…

 

RH shares soar as new Beach House collection shows promise

RH shares have leapt almost 36% for the month to date after earnings beat expectations and the home retailer said the new Beach House collection is showing…

 

White House explored demoting Powell: Bloomberg

The White House explored the legality of demoting Fed Chairman Jerome Powell in February, according to a report by Bloomberg Television. Citing people…

 

Draghi to Trump: ECB doesn’t target euro exchange rate

The European Central Bank’s policy actions are aimed at achieving its inflation target and not at the euro’s exchange rate, ECB President Mario Draghi said…

 

Lighthizer says Pelosi has been ‘constructive’ on USMCA talks

U.S. Trade Representative Robert Lighthizer on Tuesday said House Speaker Nancy Pelosi has been “constructive” in talks to address her concerns…

 

AMD’s stock surges toward first gain in 6 days amid broad chip-sector rally

Shares of Advanced Micro Devices Inc. shot up 5.6% in very active trading Tuesday morning, putting them on track for their first gain in six days amid a…

 

Walmart adding wireless experts by the holidays, part of consumer electronics push

Walmart Inc. said Tuesday that it will add wireless experts to 600 more stores by the holidays, part of an overall push to upgrade consumer electronics…

 

Dow surges 350 points as Trump tweets of ‘extended meeting’ with President Xi on trade

U.S. stocks took a fresh leg higher Tuesday morning after President Donald tweeted that he had a productive call| with Chinese President Xi Jinping related…

 

Trump announces ‘extended meeting’ with Xi at the G-20

U.S. President Donald Trump on Tuesday said over Twitter that there will be an “extended meeting” with President Xi Jinping of China at the Group…

 

Beyond Meat’s stock shoots above $200 intraday before paring some gains

Shares of Beyond Meat Inc. shot above the $200 mark for the first time in early trading Tuesday, before paring some gains, as the maker of plant-based meat…

 




Dow jumps 270 points in early action as Draghi comments spark fresh hope for Fed rate cuts

U.S. stocks on Tuesday climbed, extending Monday’s gains, as investors awaited the start of the Federal Reserve’s two-day policy meeting, set to kick off…

 

Bank of America’s stock gains after BMO analyst’s bullish call

Shares of Bank of America Corp. gained 0.4% in premarket trading Tuesday, after a bullish call from BMO Capital analyst James Fotheringham, who said Street…

 

Kellogg to book $35 million in pretax charges to overhaul North America after sale of cookies business

Kellogg Co. announced a reorganization plan on Tuesday that will mostly affect its North American operations. The move comes ahead of the sale of the…

 

Oracle downgraded at Macquarie ahead of earnings

Oracle Corp. shares are off 0.65 in premarket trading Tuesday after Macquarie analyst Sarah Hindlian downgraded the stock to neutral from outperform ahead of…

 

Ebix approves up to five bankers for EbixCash IPO next year

Ebix Inc. said Tuesday that it had approved the appointment of up to five investment bankers as it aims for an initial public offering of its EbixCash…

 

Pinterest stock gains after Wedbush joins the bull camp

Shares of Pinterest Inc. are up 2.3% in premarket trading Tuesday after Wedbush analyst Ygal Arounian initiated coverage of the stock with an outperform…

 

Digital Ally’s stock rocked after disappointing ruling in Axon patent dispute

Shares of Digital Ally Inc. plummeted 45% toward a record low in premarket trading Tuesday, after the maker of video surveillance products for law…

 

Cowen beefs up cannabis team with two new hires

Cowen Inc. said Tuesday it is adding Dan Schnurman and Townsend Ziebold to its investment banking team as managing directors as it moves to beef up its…

 

Snap stock gains after BTIG hikes target

Shares of Snap Inc. are up 3.7% in premarket trading Tuesday after BTIG analyst Rich Greenfield raised his price target on the stock to $20 from $15….

 

Amazon to lease 15 more Boeing 737-800s through GECAS, to support one-day shipping

Amazon.com Inc. said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. , through a partnership with General Electric Co.’s GE Capital…

 

Pre-FOMC Price Action Setups in USD/JPY, AUD/USD, Crude Oil and Gold

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com -Twitter: https://twitter.com/DailyFX -…

 

S&P 500 and NASDAQ 100 Forecast June 19, 2019

The S&P 500 has rallied significantly during the trading session on Tuesday, as the ECB has signaled its willingness to add more liquidity to the market and …

 

USD/JPY and AUD/USD Forecast June 19, 2019

The US dollar fell rather hard against the Japanese yen initially during the trading session on Tuesday, testing the ¥180 level. That being the case, the mar…

 

EUR/USD and GBP/USD Forecast June 19, 2019

The Euro showed a lot of volatility during the trading session on Tuesday, as the markets initially tried to rally during the trading session and reach this …

 

WTI Crude Oil and Natural Gas Forecast June 19, 2019

The WTI Crude Oil market took off to the upside during the trading session on Tuesday, as the ECB suggested more quantitative easing is on the way. Beyond th…

 

Gold Forecast June 19, 2019

During the trading session on Tuesday we have seen a lot of volatility in the precious metals markets, not only gold, but also silver. Part of this is due to…

 

Bitcoin Forecast June 19, 2019

Bitcoin markets went back and forth during the trading session on Tuesday, as we reached towards the $9200 level. We gave back some of the gains though, but …

 

Apple 5G iPhone reportedly coming in 2020

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 The first 5G iPhones could be launched as soon as next year. The next smartphones from…

 

Cheer Up

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