Heads-up News 

Sydney Trading Session Heads Up Wednesday, August 8, 2018

Sydney opening news digest

MoviePass CEO: ‘We now have the right model’

MoviePass CEO Mitch Lowe says the company can reach sustainability with its subscription to watch three movies a month.


Why now is the best time to invest in China

Don’t be fooled by the recent poor performance of Chinese tech stocks.


Here’s what Tesla would have to do to go private

Elon Musk seems to think that going private is a no-brainer for Tesla. But is it really that easy? Some long-term shareholders may balk at selling out for only about 10% more than the stock’s current price.


5 reasons to bet against Elon Musk’s plan to go private

Musk wants to be free from the pressures of Wall Street, but his plan faces big challenges.


You don’t have to be a billionaire to invest in startups

A handful of platforms have opened up access to startup investments to all investors.


Beards are back. That’s bad news for Gillette

A Procter & Gamble executive said last week that the “continued societal shift to fewer shaves” had hit the consumer products company.


China to put 25% tariffs on $16 billion worth of US products

China has announced that it will hit $16 billion worth of imports from the United States with 25% tariffs.


This company is laying off almost all its workers because of tariffs

Element Electronics of South Carolina says it hopes the layoffs can be avoided.


How To Play In The “Life Is Unfair” Game

I don’t enjoy being made richer by the Republican leadership. After all, I’ll never be able to spend what I made unless I bid for a Leonardo da Vinci canvas.


What Will Drive Electronic Arts’ Near-Term Growth?

Electronic Arts (NASDAQ:EA) is seeing strong growth in its Services segment, led by some of its popular franchises, such as FIFA. This trend will likely continue in the near term, as the company expands its live services offerings. The company’s Q1 numbers for fiscal 2019 were more or less in…


Tesla Shareholders Should Aim For More Than $420

Elon Musk’s tweet that he had the financing to take Tesla private at $420 drove the stock to $380 yesterday, up 11% for the day. Putting a cap on the upside at $420 makes the stock significantly less attractive. Here’s what I think shareholders should do.


PepsiCo’s Shares Drop On News Of CEO Indra Nooyi’s Departure

PepsiCo‘s (NYSE:PEP) stock ended down over 3% the day after CEO Indra Nooyi’s resignation was announced. Nooyi will step down on October 3, after 24 years at the company, 12 of which she was the CEO, and will remain Chairman until early 2019 to ensure a smooth transition process for incoming CEO…


2 Dividend Heroes That You Should Buy Today (Including This FTSE 100 Star)

I reckon these dividend stocks could make you a mint. Dive in and take a look.


Midterm Elections Update: Market Not Too Worried About Trump Fatigue

Investors brace for gridlock after mid-terms. But most say Trump’s existing economic policies good for at least two more years.


Largest Custody Banks Saw Negligible Growth In Their Asset Bases Over Q2

The total size of assets under custody and administration (AUC/A) for the four largest custody banks in the world remained largely unchanged over the second quarter of this year.


Tesla Shareholders Could Be Getting A Good Deal If It Goes Private

Tesla CEO Elon Musk surprised investors on Tuesday by tweeting that he was considering taking the company private at $420 per share, noting that he had already secured funding for a potential deal.


Can Snap Turn Things Around After Its First DAU Decline?

Snap published its Q2 2018 results on Tuesday, August 7, posting a relatively mixed set of results. While the company beat market expectations on revenues and earnings, it reported its first-ever decline in the crucial daily active user metric


Bitcoin Falls To 3-Week Low As Crypto Markets See Red

Have crypto markets overreacted to the SEC’s decision to postpone its ETF ruling?


Trade Worries Appear To Mute Recent Stock Market Momentum

A focus this morning appears to be $16 billion in Chinese goods that will be subject to a 25% U.S. tariff starting later this month.


Better Late Than Never, U.S.-China Hit Each Other With $16 Billion Tariff

Market knee-jerks to trade tariff announcement even though the consensus view is that bigger ones are coming.


With Blockchain Technology, You Gotta’ Collect Them All

Remember collecting Beanie Babies, Pogs, baseball cards, or even Pokemon/Yu-Gi-Oh/Magic cards? Do you remember what you did with them over time? Most likely they ended up on shelves or in protective sleeves of a binder somewhere. But, with blockchain technology, our collectibles will be revived.


Copper’s Winning 60% Against Salesforce In $52B CRM Market

A 200-person startup is winning SMB customers from Salesforce at a rapid clip. Should Salesforce investors be worried?


5 Ways To Crush Credit Card Debt

Here are the 10 best ways to save on summer travel.


Venezuela In Crisis: Biggest Risk To Maduro Is Cash And Vanishing Oil

Failed drone strikes by mysterious enemies may be the least of Nicolas Maduro’s problems.


How To Gain A Better Understanding Of Your Investment’s Annual Returns

Want help to better understand your investments and your investments annual returns? We explain what to look for and what those investment terms actually mean. 1 year returns, 5 years returns, investment returns since inception? Which is best and which should you care about? Read more here.


A Financial Plan Is Useless Without These Two Things

I recommend most people create a financial plan. Then, please take the time to implement it and update it. Because if you don’t, the only person you are hurting is your future self.


Elon Musk Tweeted ‘Funding Secured’ For A Tesla Takeover; OK, Where Is It?

From the non-existent public documents and the lack of information that merger arbitrageurs live for–known as “rumortrage”–it is very hard to take Musk’s tweets seriously.


Crude Oil Price Forecast: Institutions, Trade War Threats Drop WTI

WTI has fallen below the 100-DMA after the weekly EIA Inventory report showed a smaller draw than expected as longs continue to curb their positions


GBP/USD: Cable Crushed Through 1.3000, More Pain in Store?

The British Pound has been in a hard-sell posture since last week’s BoE rate hike, and with a dovish Bank of England now coupled with


NZD/USD Rebound Vulnerable to Dovish RBNZ Forward Guidance

The Reserve Bank of New Zealand (RBNZ) meeting may drag on the New Zealand dollar should the central bank endorse a dovish forward-guidance for monetary


Weekly Technical Perspective on Crude Oil Prices (WTI)

Crude oil is down more than 10% off the July high with price now approaching long-term uptrend support. Here are the key price levels that


USD/CNH Appreciation Not a Problem for China, Reserves Figures Show

FX reserves figures from July show that the PBOC is clearly allowing the Chinese Yuan depreciation to go unchallenged.


S&P 500: Net Shorts Continue Around Highest Yearly Levels

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


EUR/JPY Finds Fibonacci Support; But Can it Quell the Sell-Off?

EUR/JPY is bouncing from a familiar Fibonacci level, but after becoming well-worn so far in the month of August, for how much longer can this


Weekly Technical Perspective on the New Zealand Dollar (NZD/USD)

Kiwi is trading within a well-defined range just above critical support with the RBNZ on tap. Here are the key price levels that matter on


USD/CAD Rate Forecast: Saudi Threat Brings Prospect of CAD Washout

The Canadian Dollar weakened mysteriously on Tuesday before the announcement that a dispute at the highest levels between Canada and Saudi Arabia has led to


Downside GBP/USD Targets Remain on Radar Ahead of Adjusted U.K. GDP

Recent developments in GBP/USD keeps the downside targets on the radar as the bearish momentum appears to be picking up.


CAD Slides as Saudi Arabia Sell Off Canadian Assets – US Market Open

CAD Slides as Saudi Arabia Sell Off Canadian Assets – US Market Open


EUR/USD Tests Confluent Resistance as the Cable Crush Continues

The US Dollar put in another bounce from the 95.00 level in the overnight session, and this helped to push EUR/USD lower after a test


DXY Index Holds Ground Beneath Resistance Despite New Tariffs

More shots fired in the US-China trade war have done little to scare away US Dollar bulls.


Bitcoin, Ether, Ripple – Prices Plunge, Sentiment Sours | Webinar

The cryptocurrency market fell around 10% in 24-hours after the SEC postponed an ETF proposal decision. Market reaction was extreme as most observers expected the


US Dollar Index: DXY holding above 95.00 level

DXY 15-minute chart

DXY daily chart

Spot rate:                95.09

Relative change:    -0.10%

High:                       95.42



US to impose sanctions against Russia over nerve agent attack – The Guardian

It has been reported by The Guardian that the US is going to impose sanctions on Russia. The country is being accused of using a nerve agent in an att


Today will be all about the RBNZ’s August MPS – ANZ

Analysts at ANZ explained that today will be all about the RBNZ’s August MPS. 

Key Quotes:

“We expect that the RBNZ will reiterate its previous neut


AUD/USD extends reversal and rises to test weekly highs

A slide of the US dollar pushed AUD/USD further to the upside during the US session.

The pair remains in a range but after today’s rally, closer to t


EUR/USD Technical Analysis: Rebounds confirms bullish momentum short-term

EUR/USD 15-minutes chart

Spot rate:               1.1618

High:                     1.1627

Low:                      1.1572

Resistance 1:


USD/JPY: bears chased in below 111 the handle, bulls by the dip, eye 113 handle on Fed divergence

USD/JPY has been stabilising in NY trade at the 50-D SMA having made a high of 111.44 and a low of 110.83, although significantly, the pair broke belo


USD/CHF drops to new daily lows near 0.9930 as DXY retreats toward 95

After rising to a daily high at 0.9970 in the early NA session, the USD/CHF pair retraced its gains and turned flat on the day near mid-0.99s. Althoug


US Outlook: Strong momentum going into the second half of the year – Wells Fargo

According to analysts from Wells Fargo, the economic expansion in the US still has plenty of fuel in the tank. They see a 3% GDP growth in 2019. 



A mid-session wrap: GBP has been a notable underperformer – Scotiabank

Analysts at Scotiabank offered a mid-session wrap.

Key Quotes:

“GBP has been a notable underperformer, reaching a fresh 11-month low on the rising p


USD/CAD retreats further and tumbles to 1.3000

A decline of the US Dollar across the board pushed USD/CAD further to the downside. The pair dropped from 1.3065 to 1.3005, hitting a fresh low. Price


NZD/USD: RBNZ coming up, Kiwi supported on dollar weakness

NZD/USD made a high of 0.6763 in NY from a low of 0.6722 on Wednesday’s trade so far as the antipodeans consolidate in familiar territories. The Aussi


BoE’s McCafferty: Brexit vote has made Britain poorer than it would have been without it

In an interview with Sky News, Bank of England policymaker Ian McCafferty argued that Brexit vote had made Britain “poorer than it would have been wit


JPMorgan: Cannot rule out a turn toward a more interventionist currency policy in US

Bloomberg today reported that Michael Feroli, JPMorgan Chase & Co.’s chief U.S. economist, pointed out the possibility of the U.S. intervening in the


Gold Technical Analysis: Yellow Metal at a crossroad

Gold 15-minute chart

Gold daily chart

Spot rate:                   1,212.79

Relative change:         0.17%

High:                          1,21


WTI plummets to fresh 6-week lows below $67

Crude oil came under a heavy selling pressure following the disappointing trade data from China on Wednesday and extended its losses throughout the da


U.S. sells $26 bln 10-year notes at high yield 2.960%, awards 35.06% of bids at high

Below are the results of the U.S. Treasury Department’s Dutch bidding auction of 10-year notes, as reported by Reuters.

Sells $26 bln 10-year notes


USD/CHF Technical Analysis: Hovering below the parity level

USD/CHF 15-minute chart

USD/CHF daily chart

Spot rate:                  0.9944

Relative change:       -0.13%     



AUD/USD: eyes on 10-yr T-bill auction for dollar volatility

AUD/USD has moved up to the 21-hr SMA at 0.7418 and pierced it making a high if 0.7434 for the day so far while the Yuan has stabilised making for a p


USD/JPY steadies near 111 ahead of 10-year note auction

After coming under a heavy selling pressure during the late Asian session and falling to a fresh weekly low at 110.84, the USD/JPY pair retraced a sma


EUR/GBP Technical Analysis: EUR/GBP jumping to a new 2018 high

EUR/GBP 15-minute chart

EUR/GBP daily chart

Spot rate:                0.9007

Relative change:     0.48%     

High:                       0.901


USD/CAD: extending Tuesday’s bullish reversal – Scotiabank

CAD is soft and extending Tuesday’s bearish reversal while underperforming most of the G10 currencies in a quiet summer trade. 

Key Quotes:



EUR/USD rises back to 1.1600 as US dollar retreats

The EUR/USD pair bottomed earlier at 1.1571 but after the beginning of the US session turned to the upside, boosted by a retreat of the US dollar. Rec


Kuwait Deputy OilMin: Oil prices to remain at current levels through end of year

Kuwait News Agency Kuna in the last hour reported that the deputy oil minister stated that oil prices were expected to remain at current levels throug


Talk of ‘no deal’ is ramping up significantly – ING

“There are 233 days to go until Brexit and with negotiations stuck in deadlock, talk of ‘no deal’ is ramping up,” ING analysts note.

Key quotes



NZD/USD trades at the daily opening level near 0.6740 ahead of RBNZ

Earlier today, the NZD/USD pair gained traction during the Asian trading hours after the RBNZ announced that it revised its 2-year inflation expectati


USD/JPY Technical Analysis: Bulls struggling near daily lows below 111.00 level

USD/JPY 15-minute chart

USD/JPY daily chart

Spot rate:                 110.97

Relative change:      -0.38%     



Global economic expansion to remain intact at least until the end 2019 – Wells Fargo

Analysts at Wells Fargo, forecast that the global economic expansion will remain intact through at least the end of 2019…


WTI tumbles to fresh lows, breaches $68.00 on EIA

Prices of the barrel of the American reference for the sweet light crude oil are falling further today, breaking below the $68.00 mark per barrel.



EUR/JPY Technical Analysis: Attempting some consolidation below key 129.00 handle

EUR/JPY daily chart






Daily high: 129.47

Daily low: 128.55

Support Levels

S1: 128.76

S2: 128.34

S3: 128.09

Resistance Levels



EIA: Commercial crude oil inventories decreased by 1.4 million barrels from previous week

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

U.S. crude oil refinery inputs averaged


Morning News: August 8, 2018 Crossing Wall Street

Elon Musk’s Plan to Take Tesla Private Could Obliterate Auto Industry’s Profits

Oracle Challenges Pentagon’s Multibillion-Dollar Cloud Computing Cont


What you need to know on Wall Street today

Hello. Here’s what you need to know on Wall Street today.


Indicted Rep. Chris Collins shows why members of Congress should not trade stocks

They shouldn’t be allowed to trade stocks. But they also shouldn’t trade stocks, even if they are allowed. Look what happened here: Rep. Chris Collins faces charges because of his associates’ selling, and five of his Republican colleagues took a bath because they bought.


Elon Musk reportedly met with Japan’s SoftBank last year about taking Tesla private (TSLA) | Markets Insider

Tesla CEO Elon Musk met with SoftBank CEO Masayoshi Son about taking the electric-car maker private last year, Bloomberg reports.
The news comes one …


A $160 million corruption scandal in Argentina is roiling its financial markets | Markets Insider

More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal.
The investigation …


Snap sinks to a 2-month low as fewer people use Snapchat every day (SNAP) | Markets Insider

Snap reported its first-ever decline in daily active users on Tuesday.
Shares initially popped 10% after the company said it lost less money than Wall Str…


‘A private life is a happy life’: Here’s what Wall Street is saying about Tesla’s plan to leave the stock market (TSLA) | Markets Insider

Tesla laid out an unprecedented plan to go private at $420 per share on Wednesday, sending Wall Street into a flurry.
Shares skyrocketed more than 10% fol…


Elon Musk boosted his net worth by $1.4 billion with just one short tweet

Elon Musk became $1.4 billion richer on Tuesday as Tesla’s stock surged after he tweeted he was thinking of taking the company private. With a $25.8 billion net worth, he’s the world’s 31st richest person.


Elon Musk says he wants to take Tesla private — here are 5 reasons that makes sense

Tesla CEO Elon Musk announced on Tuesday that he’s considering taking Tesla private. The financial world is unsure how he would do this, given that the deal will be enormous. But from where Musk and Tesla now sit, going private makes sense.


A $300 billion asset manager says investors are overlooking a huge threat that’s building right in front of their eyes

BI PRIME: Sebastien Page, the global head of T. Rowe Price’s Multi-Asset division, breaks down an ignored risk he says could eventually derail markets. His thoughts tie back into the lack of liquidity in markets, a hot-button topic on Wall Street.


Mylan stock dropped 7% after second quarter sales slumped (MYL) | Markets Insider

Mylan’s stock dropped 7.4% shortly after markets opened on Wednesday due to poor second quarter earnings.
The company’s total revenue for the se…


Crude slides after China announces tariff on US oil products | Markets Insider

Oil prices fell more than 1% early Wednesday.
Beijing announced American crude exports to China will be subject to a 25% retaliatory tariff.
Watch oil tra…


2 of the largest crypto exchanges have snagged veteran Wall Streeters as they build out businesses to lure in billion dollar investors

BI PRIME: Two of the largest players in the crypto space have snagged employees from top Wall Street banks for similar roles, according to people familiar with the matter.


Tesla’s surging stock has cost short sellers $3 billion this month (TSLA) | Markets Insider

Despite the surge in its stock price, Tesla remains the most shorted US equity. 
Investors betting against Tesla have lost $3 billion in August alone…


Canadian dollar gets whacked after Saudi Arabia reportedly starts dumping the country’s assets ‘no matter the cost’ | Markets Insider

The Canadian dollar slid Wednesday after the Financial Times reported that Saudi Arabia had begun selling off its holdings of the country’s bonds, stocks,…


The stock market is stretched to double tech-bubble extremes, according to one measure — here’s why investors should be very scared of the implications

BI PRIME: Leuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble. This development could have large implications for stock investors of all types, particularly value traders.


Tesla’s current fundamentals don’t support a valuation ‘anywhere close’ to $420, one bear says (TSLA) | Markets Insider

Tesla said Tuesday it will attempt to go private at $420 per share, or an $81 billion total valuation.
Bears like Cowen say that the company’s current fun…


Yelp stock leaps 15% after earnings beat, raised guidance

Yelp Inc. YELP, -1.27% shares jumped about 15% Wednesday in late trading after the company reported better earnings than expected and raised its full-


Roku stock climbs after earnings beat, raised guidance

Roku Inc. ROKU, -0.36% shares climbed more than 6% in the extended session Wednesday after the company reported a profitable second quarter, above exp


Carvana’s stock surges as revenue tops Street view

Carvana Co. CVNA, -0.19% shares rallied in the extended session Wednesday after the car-buying website’s quarterly revenue results and outlook topped


Booking postpones earnings as it seeks to confirm metrics

Booking Holdings Inc. BKNG, -1.59% has postponed its second-quarter earnings results and a post-earnings conference call to before the bell Thursday,


U.S. stocks close mostly lower on batch of weak earnings

U.S. stocks closed mostly lower Wednesday following a batch of weak earnings from high-profile firms such as Walt Disney Co. and Snap Inc. However, Na


Sonic increases 2019 dividend program

Sonic Corp. SONC, +1.71% said late Wednesday its board of directors has increased the company’s dividend program for next year. Beginning in the first


SEC looks into Musk’s taking-Tesla-private tweets: WSJ

The U.S. Securities and Exchange Commission has made inquiries to Tesla Inc TSLA, -2.43% over Elon Musk’s going-private tweet, including examining whe


Tronc stock rallies on report of possible newspaper asset sale

Tronc Inc. TRNC, +12.66% shares rallied Wednesday following a report that the media company may be considering an offer to sell off the Chicago Tribun


A gauge of fear on Wall Street just hit its lowest level in about 7 months as stocks flirt with records

The Cboe Volatility index on Wednesday was near its lowest level since mid January as U.S. stock benchmarks mostly climbed near fresh all-time highs,


Elon Musk talked to Softbank about Tesla investment: report

Tesla Inc. TSLA, -2.43% Chief Executive Elon Musk and Softbank Group Corp. 9984, +4.78% Chief Executive Masayoshi Son held talks last year, including


U.S. oil closes at nearly 7-week low as U.S. inventory data whack market

Oil prices settled sharply lower Wednesday as the bullish narrative that had buoyed crude futures for the past two sessions-supply disruptions and str


MoviePass parent Helios & Matheson’s stock hits another record low

Shares of Helios & Matheson Analytics Inc. HMNY, -3.57% the parent of movie-theater subscription service MoviePass, tumbled 12% toward a record low, d


Tesla ‘not going private anytime soon’: Piper Jaffray

Many details around Tesla Inc.’s TSLA, -2.43% plan to go private remain “unknowable,” given in part the “vague verbiage” used to describe it, and as a


Trump lawyers seek to narrow scope of Mueller’s interview: NYT

Lawyers for President Donald Trump rejected Special Counsel Robert Mueller’s terms for an interview in the Russia probe and have countered with an off


Gold ekes out back-to-back wins as Treasury yields and the dollar edge back

Gold prices settled slightly higher Wednesday, notching its second straight finish in positive territory as the U.S. dollar and U.S. government bond y


Tesla bonds jump more than 2 points after CEO Musk mulls going-private transaction

Telsa Inc.’s TSLA, -2.43% pure high-yield bonds rallied sharply late Tuesday, after Chief Executive Elon Musk said he was considering taking the compa


Infinera stock tumbles after earnings; analyst says ‘execution risk’ remains

Shares of Infinera Corp. [s; infn] are down 6.6% in Wednesday trading after the company reported in-line revenue for its June quarter but beat on the


LendingClub stock falls after earnings but analysts remain upbeat

Shares of LendingClub Inc. LC, -10.02% are down 10% in Wednesday morning trading after the company reported better-than-expected revenue and earnings


Rep. Collins removed from House committee after arrest, Ryan says

House Speaker Paul Ryan said Wednesday that Rep. Chris Collins won’t serve on the chamber’s Energy and Commerce Committee until a securities-fraud cas


Academy adds popular film category to Oscars

The Academy of Motion Picture Arts and Sciences is adding a new Oscars category for popular films, according to a Hollywood Reporter report. In a mess


Snap stock downgraded to sell at CFRA after earnings

CFRA analyst Scott Kessler downgraded Snap Inc.’s stock SNAP, -6.78% to sell from hold on Wednesday, following the company’s latest earnings report. W


Oil prices retain sharp losses after EIA inventory report

Oil prices held on to losses late=morning Wednesday after the Energy Information Administration reported that domestic crude supplies declined by 1.35


The total value of all cryptocurrencies just plunged to a 2018 low–$600 billion cut from its record

The total value of all cryptocurrencies fell to its lowest level in 2018 as the price of the No. 1 digital currency, bitcoin fell by as much as 10% Tu


Starbucks’ Evolution Fresh jumps into tea category with organic kombucha

Evolution Fresh, which specializes in cold-pressed juices and smoothies, is entering the tea category with the launch of organic kombucha in seven U.S


Rep. Chris Collins arrested on securities-fraud charges: reports

New York Rep. Chris Collins has been arrested by the Federal Bureau of Investigation and is facing insider-trading charges, according to reports Wedne


S&P 500’s longest win streak in 6 months is at risk as stocks edge lower on nagging tariff worries

U.S. equity benchmarks on Wednesday traded slightly lower–but were mostly flat–as a fresh round of duties from the U.S. against Chinese imports gave


Ampio’s stock plunges below $1 threshold after FDA comments on clinical trial

Shares of Ampio Pharmaceuticals Inc. AMPE, -78.71% plunged 69% in morning trade Wednesady, to fall back below the $1 threshold for the first time in 1


ICAD’s stock soars after FDA clearance of breast-density AI software product

Shares of iCAD Inc. ICAD, +7.77% were indicated up over 30% in premarket trade Wednesday, after the provider of technology for use in cancer detection


Tesla board met ‘several times’ to evaluate CEO Musk’s take-private idea

Tesla Inc.’s TSLA, -2.43% board of directors issued a statement Wednesday in response to Chief Executive Elon Musk’s idea to take the electric car com


Mylan stock drops 5% after Q2 misses, slashed 2018 guidance and board plans to evaluate ‘alternatives’

Mylan NV MYL, +1.79% shares dropped 5% in Wednesday premarket trade after the company’s board of directors said it is evaluating “a wide range of alte


DailyFX: Interpreting Post-NFP Price Action for FX, Commodities & Equities

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


Cryptocurrency Webinar: Sentiment Turns Sour, Prices Plunge

The cryptocurrency market shed 10% of its value in 24 hours after the SEC delayed a decision on a proposed Bitcoin ETF. -Subscribe to DailyFX: https://www.yo…


USD/JPY and AUD/USD Forecast August 9, 2018

The US dollar fell against the Japanese yen to reach down towards the ¥111 level. There is a significant amount of support in this general vicinity, and I th…


EUR/USD and GBP/USD Forecast August 9, 2018

The EUR/USD pair has pulled back initially during trading on Wednesday, only to turn around and form a hammer. The hammer shows that we continue to see bulli…


S&P 500 and NASDAQ 100 Forecast August 9, 2018

The S&P 500 was a bit choppy during trading on Wednesday but ended up relatively unchanged. While not again, was a nice turnaround after what had been an ini…


WTI Crude Oil and Natural Gas Forecast August 9, 2018

The WTI Crude Oil market fell rather significantly during the trading session on Wednesday, and then got an extra boost as although inventory was taken out i…


Bitcoin Forecast August 9, 2018

Bitcoin markets got hammered again during trading on Wednesday, in somewhat of a broken record. I think that this point in time it’s obvious that any time th…



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