Heads-up News 

Sydney Trading Session Heads Up Wednesday, June 12, 2019

Sydney opening news digest

Before Bailing On Equities, Answer This One Question

Sticking with one’s target asset allocation during unsettling times isn’t easy, but if you are considering temporarily bailing on equities and trying to time the market, getting your reentry point wrong could be more damaging than suffering through a potential market decline.

 

Caution: These 4 Stocks Will Cut Their Dividends (Sell Now!)

Forget the trade war. There’s a bigger danger that too many investors…

 

In The Chips: Nine Top Plays On Semiconductors

Few market sectors are as volatile as semiconductors – the brains behind much of today’s rapidly evolving technologies. For those comfortable with the risk and momentum inherent in these stocks, several leading experts and to MoneyShow.com highlight their favorite buys among chipmakers.

 

China Developers Building Six Flags-Sized Gamer Theme Park

Orlando-based ITEC Entertainment designing new China theme park targeting the country’s video game fans and the growing market for esports.

 

Restructuring Rivals: Behind The Scenes Of Jay Alix’s War On McKinsey

Global consulting giant McKinsey created a new division in 2010 with a focus on companies in distress. Nearly a decade later, McKinsey has been forced to disgorge millions of dollars in fees – and to spend millions more defending itself – as Alix wages a campaign to change the way it does business.

 

Crowded Urgent Care Market Suffers Growing Pains

Private equity have poured dollars into urgent care centers but the industry is not in the best of health.

 

Salesforce.com Can’t Seem To Get The Numbers Right On The Tableau Acquisition

So, just excluding the cash, the enterprise value of the transaction should have been $14.4 billion. That’s a full $1.3 billion lower than the figure in salesforce.com’s press release. How did this happen?

 

AI And Big Data Helping Austria’s OMV Lower Oil Production Costs, Says Tech Boss

Markus Berghofer, Vice President of Digital Excellence at OMV, says the company’s ambition of becoming a digital front-runner in the oil and gas sector is being gradually realized.

 

Can Trump Beat Obama’s Stock Market Returns?

It will be challenging for Trump’s stock market to beat Obama’s since the economy is forecasted to grow around 2.5%, and Obama benefited from the market’s valuation multiple expanding.

 

Two Awesome Dividend Stocks (Like This FTSE 100 Hero) Whose Share Prices Should Surge Next Week

Hold onto your hat: I reckon these beautiful blue chips will see their share prices swell in the coming days.

 

Board Level Update On Cyber Risk

According to data from Juniper Research, the average cost of a data breach will exceed $150 million by 2020 — and by 2019, cyber-crime will cost businesses over $2 trillion — a four-fold increase from 2015.

 




Analysts Expect The Vanguard Mid-Cap ETF Will Reach $181

For the Vanguard Mid-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $180.59 per unit.

 

Corporate World Weighs Up Trillions Of Dollars Of Climate Risks–And Opportunities

Businesses are realising the risks climate change poses to their revenues, but they are also starting to find the opportunities to profit from the transition to a low-carbon world. Financial groups are set to suffer most, so they will put pressure on the firms they invest in to cut their emissions.

 

What A U.S. Rate Cut Could Mean For Gold Prices

A rate cut looks more and more likely in 2019, perhaps as soon as this summer. And investors rejoice. The thing about rate cuts, though, is that they’ve often telegraphed a recession.

 

Stocks Tread Water A Day After Some Big Banks Give Hazy Forecast

There’s a lack of catalysts at the moment, though tariff issues likely will continue to be front and center. In the meantime, the market feels tired and some profit taking has crept in after the big run-up.

 

Safe Income Generation With This Quality ETF

My analysis of the holdings of over 7,500 U.S. ETFs and mutual funds reveals an ETF that invests in higher-quality stocks than its benchmark.

 

How The Parts Add Up: The iShares Dow Jones U.S. ETF Targets $160

For the iShares Dow Jones U.S. ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $159.52 per unit.

 

Startup Growing 125% Targets IBM, Oracle In $150B Data Virtualization Market

AtScale is growing at 125% a year in a $150 billion market — will it go public or get bought by IBM or Oracle?

 

We Believe Investors Should Be Wary Of Mixed Market Signals

Family office investors monitor a variety of economic data on an ongoing basis to understand how the markets are evolving. In addition, they know that the market itself is a signal.

 

Why Congress’ Retirement Reform Plan Is A Stinker

The bill would accelerate IRA withdrawal periods, and boosts your tax bill. And it allows annuities in retirement accounts, to the joy of the insurance industry.

 

Trade Wars and Tariffs Have Put the US Auto Industry in Peril

With the US auto industry cutting jobs at the quickest pace since the Great Financial Crisis, USMCA uncertainty and a prolonged US-China trade war will only continue weigh on the sector.

 

Japanese Yen Weekly Price Outlook: USD/JPY Settles at Big Support

The US Dollar is testing a major support confluence against the Japanese Yen – the battle lines are drawn. These are the levels that matter on the USD/JPY weekly chart.

 

Gold Price Outlook: Rally From Fib Support, Gold Nears ’Danger Zone’

Bulls have come back into Gold with aggression, pushing prices towards five-year-highs. But, can that enthusiasm last as longer-term resistance comes into play?

 




UK Leadership Contest Timeline: Who Will be the Next UK Prime Minister?

UK Leadership Contest Timeline: Who Will be the Next UK Prime Minister?

 

Platinum Price: Bullish Momentum Hinged on a Break Above the Monthly High

Did we get it right with our various forecasts? Find out more for free from our Q2 USD and main currencies forecasts

On Jun 5, platinum ended its bea

 

Euro Price Outlook: EUR/USD Breakout Stalls – Trade Levels to Know

Last week’s breakout in Euro has fueled a nearly 2% rally with the advance stalling into slope resistance. Here are the levels that matter on the EUR/USD price charts.

 

US Dollar Steadies as Fed Rate Cut Odds Stabilize – Calendar Driving Prices

The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.

 

US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open

US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open

 

Crude Oil Price Reverses from Key Resistance: $50 in Store?

Bears have taken control of Crude Oil Prices over the past six weeks, but sellers may have just found a stumbling block at a confluent area of Fibonacci support.

 

Technical Outlook for Crude Oil, Dow Jones, DAX & More

Pullbacks in order for major global indices, crude oil heading towards test of recent lows or worse…

 

Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros & cons of different forex strategies. Read on to find forex trading strategies that can work for you from day trading to position trading.

 

AUD/USD technical analysis: Aussie ending the day on its low ahead of Australia job reports

AUD/USD daily chart AUD/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is trading at its lowest in 7 d

 

NZD/USD to remain within 0.65-0.69 with downside risks – BNZ

Analysts at BNZ, trimmed their NZD optimism for the second half, given the escalation of US-China trade wars. They now see NZD/USD as largely confined

 

US: Models suggest more than 70% probability of recession – BBVA

The Research Department at BBVA affirms that its model suggests there is more than 70% probability of a recession within the next two years and they s

 

USD/MXN tests levels on top of 19.20 amid a stronger US Dollar; MXN topped out?

The Mexican peso approached weekly highs but changed its course and weakened signaling that the “no tariffs rally” might be over. The USD/MXN broke ab

 




Trade and global economic risks doing the rounds on Twitter

Just as we thought trade risks lights were being dimmed down, today’s round of Tweets have turned them up again. In recent trade, a number of tweets h

 

US Dollar Index technical analysis: DXY rises to the 70.00 handle

DXY daily chart The US Dollar Index (DXY) is in a bull trend above the 96.74 support and the 200-day simple moving averages (DSMA). The market is test

 

Gold bulls stay in control on market diversification, aiming for 2014-2019 resistance line

Gold prices broke up out of the bullish descending wedge but met sellers at a familiar resistance around 1338. The correlation between stocks and safe

 

Global growth enters the summer in the doldrums – Wells Fargo

The global growth backdrop has remained tepid heading into the summer explained analysts at Wells Fargo. They forecast global real GDP growth in 2019

 

AUD/USD extends slide to 9-day lows near 0.6930 ahead of Australia jobs report

After spending the majority of the day moving in a tight range near 0.6950, the AUD/USD pair came under a renewed selling pressure and fell to its low

 

USD/CAD breaks above 1.3300 as the recovery strengthens and crude oil tumbles

The Canadian Dollar is among the worst performers of the American session weakened by the ongoing sell-off in crude oil prices. The WTI barrel is movi

 

United States Monthly Budget Statement registered at $-208B, below expectations ($-185.5B) in May

United States Monthly Budget Statement registered at $-208B, below expectations ($-185.5B) in May

 

GBP/USD: Bulls capped below 23.6% retracement

U.S. Headline inflation rose 0.1% month-on-month in May, leaving the annual rate of CPI at 1.8% year-on-year, down from 1.9% in April. Core inflation

 

USD/CHF technical analysis: US Dollar gains upside traction against the Swiss franc

USD/CHF daily chart USD/CHF is consolidating below the parity level and the 200-daily simple moving average (DSMA). USD/CHF 4-hour chart USD/CHF is tr

 

EUR/USD slides below 1.1300 as US Dollar gains momentum

The US Dollar strengthened across the board and reached fresh high versus European currencies, including the Euro, reversing from earlier losses. The

 

EUR/GBP technical analysis: Euro trades above the 0.8900 handle against Pound

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

 

US Pres. Trump: I have a feeling that we’re going to make a deal with China

While responding to questions in a press conference in Poland, U.S. President Donald Trump said that he has a feeling that they are going to make a tr

 




OPEC+ still expected to roll over oil supply cut of 1.2 mln bpd beyond June – Reuters

Citing OPEC sources familiar with talks, Reuters reported that OPEC+ was still expected to roll over the oil supply cut of 1.2 million barrels per day

 

Details in inflation report should bring relief to Fed officials – TD Securities

“The May CPI print disappointed modestly to the downside on the back of a softer increase in core inflation,” TD Securities analysts said assessing to

 

WTI drops back to daily lows, down 2.75%

Crude prices remain in the red on Wednesday’s American session, falling for the third-day in-a-row, following inventory data. Also, risk aversion cont

 

USD/CAD technical analysis: Greenback stabilizing above 1.3280 support

USD/CAD daily chart The market is testing 1.3280 support near the 200 simple moving average (DSMA). USD/CAD 4-hour chart USD/CAD remains under bearish

 

UK: Lawmakers reject motion to seize parliamentary time to prevent no-deal Brexit, GBP/USD drops below 1.27

British lawmakers have rejected the motion to seize parliamentary time to try and prevent a no-deal Brexit, with the initial reaction, the GBP/USD pai

 

GBP/USD erases early gains, turns flat on the day near 1.2720

The GBP/USD pair, which was able to stage a modest recovery on the back of UK labour market data on Tuesday, struggled to preserve its bullish momentum

 

ECB’s Coeure: APP has remained a considerable source of financial easing

“There is convincing evidence that supports the view that the app has remained a considerable source of financial easing also after the end of net pur

 

US: Inflation environment remains benign – Wells Fargo

Data released today showed the CPI rose 0.1% and the core index also 0.1%. According to analysts at Wells Fargo core inflation is likely to bounce bac

 

Italy’s Conte: Very confident he will be able to give Brussels the answers it expects

Italian Prime Minister Conte crossed the wires in the last minutes noting that he was very confident that they will be able to give Brussels the answe

 

Gold technical analysis: Yellow Metal is capped below $1,346.00/oz

Gold daily chart Gold is consolidating the recent gains below the 1,346.00 resistance. Gold 4-hour chart Gold is trading above its main simple moving

 

EIA: Commercial crude oil inventories increased by 2.2 million barrels from previous week

In its weekly petroleum report for the week ending June 7, the Energy Information Administration (EIA) announced that the commercial crude oil invento

 

Turkey Treasury Cash Balance down to -14.7B in May from previous -14.25B

Turkey Treasury Cash Balance down to -14.7B in May from previous -14.25B

 




United States EIA Crude Oil Stocks Change above expectations (-0.481M) in June 7: Actual (2.206M)

United States EIA Crude Oil Stocks Change above expectations (-0.481M) in June 7: Actual (2.206M)

 

USD/JPY recovers a major part of early slide to weekly lows

The USD/JPY pair recovered a major of its early slide to weekly lows and jumped back above mid-108.00s in the last hour, albeit lacked any strong foll

 

Another Tame Inflation Report Crossing Wall Street

The CPI report came out this morning and it was another tame report. For May, consumer prices rose just 0.1%. That matched Wall Street’s expectations.

 

Morning News: June 12, 2019 Crossing Wall Street

Ten U.S. States Sue to Stop Sprint-T-Mobile Deal, Saying Consumers Will Be Hurt

House Opens Tech Antitrust Inquiry With Look at Threat to News Media

 

Howard Schultz takes a ‘detour’ in travels across America, postponing any announcement on whether or not he’ll actually run for president

Howard Schultz is putting his travels across American on hold, without any announcement as to if he will or will not run for president.

 

A Wall Street firm pinpointed 8 corners of the market most vulnerable to trade war-induced chaos | Markets Insider

US stock indices may be trading just below record highs, but they’ve taken a hit over the past year as a direct result of the trade war between…

 

The US budget deficit skyrocketed to a record $207.8 billion in May | Markets Insider

The US budget deficit ballooned to a record high in the month of May, as federal spending continued to outpace income despite a solid economy.
The gap be…

 

The strangest requests Uber Eats customers have made

From singing “Africa” by Toto to a deconstructed sandwich, Uber Eats customers have made some interesting comments on their order preferences.

 

Investor behavior has reached an extreme not seen in 15 years. Here’s why that could be signaling a stock-market explosion to new highs.

Bernstein makes a compelling case for why stock investors worried about massive equity-fund outflows should relax and stay positive.

 

Hong Kong’s extradition bill could plunge it into the US-China trade war | Markets Insider

Hong Kong lawmakers are considering a bill that would allow extradition of residents to mainland China.
Passing the law could lead to the US revoking Hong…

 

A key GOP lawmaker just reversed on the promise that Trump’s tax cuts will pay for themselves | Markets Insider

When Republican lawmakers passed $1.5 trillion tax cuts in 2017, they promised they would pay for themselves.
But a year and a half later, a key GOP congr…

 

Opinion: Trump may have backed off the Mexico tariffs, but the push towards more trade barriers isn’t going away

While Democrats are decrying some of Trump’s tariff, some candidates are advocating for their own brand of protectionism.

 




Cybersecurity firm CrowdStrike soars 70% in its market debut (CRWD) | Markets Insider

CrowdStrike, a cybersecurity startup founded in 2011, jumped 71% in its opening trade. 
The company sells cloud-based-endpoint security, threat intel…

 

Uber just revealed a new self-driving car that it will use to take on Tesla and Waymo in the robotaxi wars

Uber’s Volvo XC90 SUV is designed in partnership with Volvo for fully autonomous use without the need for a human safety driver behind the wheel.

 

Mattel rejected a merger with MGA Entertainment. Here’s why the toy giant is likely being trolled. | Markets Insider

Mattel has rejected an unsolicited merger offer from MGA Entertainment, according to the LA Times.
MGA CEO Isaac Larian may have been trolling the toy gi…

 

Facebook shares drop sharply after unearthed emails reportedly show Mark Zuckerberg is aware of ‘problematic privacy practices’ (FB) | Markets Insider

Facebook shares dropped sharply midday Wednesday after The Wall Street Journal reported the technology company had uncovered emails that appear to reflect…

 

Facebook internal emails appear to show that Zuckerberg was aware of problematic privacy practices

The internal emails appear to show that the boss knew some of its practices were questionable, and it comes as Facebook faces regulatory scrutiny.

 

As Lyft struggles with electric bikes, Uber is upgrading its batteries to make them lighter and more easy to charge

The company also unveiled a brand new scooter with bigger, more rugged wheels and stronger, two-wheel brakes.

 

Uber says it will deliver McDonald’s meals via drones in San Diego as soon as this year

The aircraft will be able to land on the company’s latest version of a self-driving car, Uber announced at a conference this week.

 

Dave & Buster’s crashes after reporting a slump in same store sales (PLAY) | Markets Insider

Dave & Busters reported first-quarter same-store sales that fell short of Wall Street estimates.
SunTrust Robinson Humphrey downgraded the stock to ‘h…

 

Elon Musk addressed the Tesla problem Wall Street is obsessing over, and the stock is jumping (TSLA) | Markets Insider

Tesla shares jumped almost 4% early Wednesday after the company held its annual shareholder meeting the evening prior and CEO Elon Musk told investors ‘th…

 

Qualcomm slides after LG and the FTC push back against its attempt to postpone an antitrust ruling (QCOM) | Markets Insider

Qualcomm’s request for an antitrust ruling to be delayed was opposed by both LG Electronics and the Federal Trade Commission. 
The ruling, made by US…

 

No one on Wall Street is saying to buy Beyond Meat (BYND) | Markets Insider

Beyond Meat bulls are a thing of the past — no Wall Street analyst has a rating above ‘market perform.’ 
Shares plunged 25% Tuesday after JPMor…

 

Lululemon beats Q1 sales, earnings expectations

Shares of Lululemon Athletica Inc. rose 3% in the extended session Wednesday after the apparel retailer beat Wall Street’s first-quarter sales and profit…

 




Stocks log back-to-back losses as trade uncertainty lingers

U.S. stocks ended slightly lower on Wednesday amid a continuing cloud of uncertainty over the U.S.’s trade ties with China. The S&P 500 fell 0.2% to…

 

BB&T, SunTrust pick ‘Truist’ as their name when merger completes

BB&T and SunTrust Banks said Wednesday that when their planned merger is completed, their new name will be “Truist.” The banks said they worked…

 

State Street’s stock extends fall toward 3-year low after warning on net interest income

Shares of State Street Corp. slumped 0.4% in afternoon trade Wednesday toward a three-year low, extending losses after the financial services company warned…

 

U.S. oil prices settle at their lowest in about 5 months

U.S. oil futures fell on Wednesday, settling at their lowest in roughly five months as government data revealed a second straight weekly climb in domestic…

 

Gold futures post 10th gain out of 11 sessions

Gold futures finished higher on Wednesday, their 10th gain out of 11 sessions. Declines in global stock markets and worsening U.S.-China trade tensions…

 

Trump says he’s got ‘a feeling’ U.S., China will reach trade deal

President Donald Trump said Wednesday he’s got “a feeling” the U.S. and China will reach a trade deal, but held out the possibility of more tariffs…

 

Dow transports bucks broader stock market weakness, boosted by airlines and truckers

The Dow Jones Transportation Average rallied 0.6% in midday trade, boosted by strength in its airline components, to buck the selloff in the broader stock…

 

Dave & Buster’s shares plummet 21% after earnings miss, analyst downgrade

Dave & Buster’s Entertainment Inc. stock plummeted 21.4% in Wednesday trading after the company reported an earnings miss and negative same-store sales,…

 

CrowdStrike stock soars more than 80% after IPO

Shares of CrowdStrike Holdings Inc. jumped nearly 87% on Wednesday morning as the cybersecurity stock made its trading debut. The first trade was executed at…

 

Trump asserts executive privilege over census documents

President Donald Trump asserted executive privilege to block Congress’ access to documents on how a citizenship question was added to the 2020 census,…

 

Oil prices extend losses as EIA reports a second weekly rise in a row for U.S. crude supplies

The Energy Information Administration on Wednesday reported that U.S. crude supplies climbed by 2.2 million barrels for the week ended June 7. That marked a…

 

Mattel shares jump 8% on reports of rejected merger offer

Mattel Inc. stock jumped almost 8% in early Wednesday trading after reports that the toy company turned down a merger offer from MGA Entertainment Inc., the…

 




LaCroix parent’s shares take a hit after new lawsuit

National Beverage Corp. shares closed Tuesday down nearly 5% after a complaint was filed New Jersey alleging that the company “planned to falsely state…

 

Dow heads higher in morning trade, tries to avoid second straight drop as oil prices slump

U.S. stock indexes on Wednesday bounced around at the open, with the Dow attempting to avoid falling for a second session in a row as appetite for assets…

 

Trade Desk stock falls after Instinet turns bearish

Shares of The Trade Desk Inc. are off 4.5% in morning trading Wednesday after Instinet’s Mark Kelley downgraded the stock to reduce from neutral. “We…

 

Jim Cramer-founded TheStreet’s stock rallies after buyout deal with TheMaven

Shares of TheStreet Inc. surged 7.0% in morning trading Wednesday, after the financial news service founded by money manager and media personality Jim Cramer…

 

Beyond Meat downgraded based on stock volatility, shares still rise

Beyond Meat Inc. was downgraded to market perform from outperform at Bernstein, but the shares still rose 2.7% in Wednesday premarket trading. The downgrade…

 

Cisco stock falls after William Blair downgrade

Cisco Systems Inc. shares are down 1.9% in premarket trading Wednesday after William Blair analyst Jason Ader cut his rating on the stock to market perform…

 

Ford sees $180 million cost to correct suspension issue in Explorers; evaluating options on latest duty ruling

Ford Motor Co. disclosed Wednesday that it estimates a cost of $180 million for a “field service action” to correct a suspension issue in Explorer…

 

Salesforce corrects earnings expectations around Tableau deal

Salesforce.com Inc. on Wednesday issued a series of “corrections” around the forecast it issued for its recently announced acquisition of Tableau…

 

Treasury yields extend decline after May CPI data

Treasury yields extended their fall Wednesday after the core consumer prices gauge for May fell short of analysts’ expectations. The 10-year Treasury note…

 

Farfetch shares pop after JD.com launch

Farfetch Ltd. shares popped 3.3% in Wednesday premarket trading after closing up nearly 7% on Tuesday following news that the luxury e-commerce retailer…

 

Lam Research stock falls after Evercore downgrade

Shares of Lam Research Corp. were down 3.4% in premarket trading Wednesday after Evercore ISI analyst C.J. Muse downgraded the stock to in-line from…

 

Insys Therapeutics’ stock jumps after bankruptcy court approves ‘First Day’ motions

Shares of Insys Therapeutics Inc. shot up 83% in premarket trade Wednesday, after the bankrupt opioid maker said it received interim court approvals for its…

 

S&P 500 and NASDAQ 100 Forecast June 13, 2019

The S&P 500 continues to be an absolute mess, as we have formed a couple of shooting stars over the last handful of sessions, but Wednesday Saul a little bit…

 

Bitcoin Forecast June 13, 2019

Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday. However, I think there are a lot of things going on at the s…

 

EUR/USD and GBP/USD Forecast June 13, 2019

The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, wh…

 

USD/JPY and AUD/USD Forecast June 13, 2019

The US dollar fell significantly during the trading session on Wednesday but filled the gap and then found buyers. The fact that we turned around of form a b…

 

WTI Crude Oil and Natural Gas Forecast June 13, 2019

The WTI Crude Oil market broke down rather significantly during the trading session in what would have been one of the more volatile days we’ve seen recently…

 

Gold Forecast June 13, 2019

The attached chart is the hourly timeframe, which is much shorter than I typically show you here at Daily Forex. In general, I will take a look at the daily …

 

Forex Account Growth

7 points that you should really get to grips with if you are trying to grow your account! Visit our website – http://bit.ly/2Gdnoaf

 

How to trade gold and the growing gold to silver ratio

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 With the gold-to-silver ratio now at new 28-year highs, IGTV’s Jeremy Naylor discusses…

 

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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