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Tokyo Trading Session Heads Up Thursday, August 15, 2019

Tokyo opening news digest

How Much HDD Revenues Can Western Digital Add Over The Next 2 Years?

Western Digital’s (NASDAQ: WDC) HDD revenue will likely grow at an average annual rate of 10.7% from $8.6 billion in fiscal 2019 to $10.5 billion in fiscal 2021, according to Trefis estimates. This growth will likely be led by strong capacity enterprise demand. In this note we discuss the HDD rev…


Conservatives Give Up On Argentina’s President Macri. ‘Game Over’

The man that every conservative rested their hopes on some four years ago in 2015 is now the symbol of yet another disappointment.


USD Firm After TIC Flows, China Trumped as Top Treasury Holder

U.S Net Long-term Treasury International Capital saw inflows of $99.05 billion in June as appetite for US Treasury debt increases, with Japan overtaking China as the top foreign holder of US Treasury securities.


S&P 500 Forecast: Stocks Threaten Breakdown as TLT ETF Soars

The S&P 500 fluctuated between losses and gains on Thursday before finishing narrowly higher. Meanwhile, investors continued to clamor for safety in bonds.


GBP/USD technical analysis: Pullback from 2-week old resistance highlight 1.2071/70 confluence

Having reversed from a fortnight old resistance-line, GBP/USD takes the rounds to 1.2085 during early Friday morning in Asia.


RBNZ’s Orr: Global and domestic low inflation expectations key reason for lower official interest rates

The Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr crosses the wires while saying that the central bank is forward looking and transparent.


Fed’s Kashkari: Fed will debate what to do on rates, he is leaning toward further rate cut – Reuters

Reuters released comments from the President of the Federal Reserve Bank of Minneapolis while speaking on Minneapolis public radio interview.


US Pres. Trump: Does not think China would retaliate, Fed’s Powell raised rates too fast

The US President Donald Trump recently spoke on various issues ranging from trade to politics concerning China and the UK.


Japan surpasses China as largest foreign holder of U.S. Treasuries – CNBC

As per the latest reports from CNBC, Japan surpassed China as the largest foreign holder of U.S. Treasuries in June.


S&P500 Index technical analysis: US equities end Thursday near the 2,850.00 level


Wall Street ends mixed, DJIA breaks August lows but closes in the green

Wall Street was ending the day slightly in the green following another yo-yo session on the back of forever conflicting trade war headlines and mixed


Cloudflare’s China business hinges on a partnership that’s threatened by the trade war. And it could all blow up in September, the same month Cloudflare wants to IPO.

Cloudflare’s business in China depends on a partnership with Baidu, known as “China’s Google.” As it prepares to IPO, here’s how this could be a risk.


Trump touts Walmart earnings as proof that the US economy is ‘doing great’ amid fears of a looming recession

“Walmart, a great indicator as to how the U.S. is doing, just released outstanding numbers,” Trump tweeted.


MORGAN STANLEY: These are the 4 biggest risks keeping analysts and economists up at night | Markets Insider

Analysts, economists, and strategists from Morgan Stanley outlined the most pressing macro trends and risks facing markets right now. Their analysis c…


Stocks whipsaw as conflicting trade-war signals confuse traders | Markets Insider

Major US indexes endured a volatile day of trading on Thursday as investors grappled with conflicting signals around the US-China trade war.  China s…


Dillard’s stock falls after revenue miss

Dillard’s Inc. shares fell roughly 12% in the extended session Thursday after the company missed consensus revenue estimates. The company reported a…


Cheer Up


I don’t want to say this Bear Market is bad, but — the real bears at the zoo are wearing tuxedos and drinking champagne.


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Have a nice trading!

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