Heads-up News 

Tokyo Trading Session Heads Up Monday, June 17, 2019

Tokyo opening news digest

Remember That Aramco IPO? Prince Mohammed Does.

For the first time in months, we have word about the Aramco IPO, directly from the mouth of Crown Prince Mohammed bin Salman. But does he really need an IPO anymore?


Housing Market Index Supports Buying Homebuilder Stocks

Chipping away at investor indifference, one report at a time


AUD/JPY emphasizes on risk sentiment ahead of Aussie/China housing data

With the US-China trade war and geopolitical tension between the US and Iran grabbing the spotlight, AUD/JPY remains on a back foot to 74.40.


China cuts treasury holdings to two-year low amid trade war – Bloomberg

Bloomberg came out with the news report mentioning that China cuts its US treasury holdings to the lowest in almost two years due to the trade war.


US Official: US preparing to send additional troops to Middle East in response to threat from Iran – Reuters

Early on Tuesday, Reuters cited news from the unnamed US official sources saying that the US is preparing to send additional troops to the Middle East.


Mexico’s Obrador: Could win trade war with US but that would be a ‘Pyrrhic’ victory it does not seek

Mexican President Lopez Obrador was recently on wires, via Reuters, showing the country’s ability to counter and win the US-led trade war it adhered to.


NZD/USD clings to 0.6500 despite downbeat New Zealand consumer survey data

Having attempted a little successful comeback, the NZD/USD pair clings to 0.6500 despite three-quarter low New Zealand consumer during early Tuesday.


USD/JPY technical analysis: Greenback can dip to 108.20 if this happens

USD/JPY is trading in a bear trend below its main daily simple moving averages (DSMAs). The 50 SMA crossed below the 100 SMA which is a bearish sign.


New Zealand Westpac Consumer Survey declined to 103.5 in 2Q from previous 103.8

New Zealand Westpac Consumer Survey declined to 103.5 in 2Q from previous 103.8


Wall Street benchmarks end higher ahead of FOMC meeting

The DJIA climbed by 22.92 points to 26,112.53. Nasdaq Composite Index put on 48.37 points, or 0.6%, to close at 7,845.02. The S&P 500 index added 2.6


S&P500 technical analysis: And the consolidation keeps going near the 2,900.00 mark

S&P500 daily chart The S&P500 Index is consolidating the gains of the last two weeks below the 2,900.00 handle. The market is seen as bullish above it


Peloton’s sales are surging as it gears up for an IPO. Insiders and analysts think it may only be getting started.

Investors and analysts say the fitness equipment maker has more in common with Apple and Gillette than rivals such as Life Fitness and NordicTrac.


Investors are banking on rate cuts to extend the stock market’s gains. Here’s why their hopes could be dashed. | Markets Insider

The stock market and the bond market have priced in multiple interest-rate cuts from the Federal Reserve this year and next. 
Still, industry watcher…


Blockchain company Ripple invests in MoneyGram to power cross-border payments, shares explode higher

Blockchain company Ripple announced an investment in and partnership with MoneyGram International Inc. Monday afternoon, sending MoneyGram shares soaring…


Cheer Up


“…being broke is a very efficient educational agency.”


Image courtesy: www.forexfactory.com

Have a nice trading!

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