Heads-up News 

Tokyo Trading Session Heads Up Thursday, November 8, 2018

Tokyo opening news digest

Weakening Bank Rules Are Bad For Taxpayers And Investors

It is important that all legislators remember that they are there to serve their constituents. I urge legislators and regulators not to forget the lessons from previous financial crisis, especially the one in 2008. It is in the good times that we need to compel banks to get ready for the downturns.


Democrats Win Control Of The Wealthiest Districts — But Also The Most Unequal

In the wake of the 2018 midterm elections, how does your congressional district stack up?


Fed Leaves Rates Unchanged For Now, But Market Sees Another Rate Hike Next Month

As widely expected, the Fed left rates unchanged at its November meeting, setting up what looks like strong odds for a final hike next month. Its statement cited continued economic strength, but observed that business fixed investment seems to be moderating.


UK will not agree anything that brings a hard Irish border

UK PM May spokesman has said that the UK will not agree anything that brings a hard Irish border.

A spokesman for UK PM May says the government will


When is the RBA SoMP and how could it affect the AUD/USD?

RBA Monetary Policy Statement overview

Early Friday at 00:30 GMT sees another iteration of the Reserve Bank of Australia’s (RBA) Statement of Monetar


FOMC meeting came with no major change to the policy guidance – Nomura

Analysts at Nomura explained that the FOMC meeting came with no major change to the policy guidance language in the November FOMC statement. 

Key Quo


US ambassador has expectations for Friday’s China talk – Reuters

As reported by Reuters, the US’ ambassador to China is expecting “frank” discussions between the two sides ahead of Friday’s US-China talks on diploma


Forex today: FOMC sounding optimistic once again, sends dollar higher, again

As analysts at Westpac explained, “The Fed held steady but sounded optimistic once again, setting up a December rate rise.” The DXY was firmer to 96.7


AUD/USD slipping from 0.7300 ahead of RBA SoMP

The AUD/USD is trading into 0.7260 heading into Friday’s early overnight session with the Reserve Bank of Australia’s (RBA) latest rate statement in t


S&P500 Technical Analysis: US stocks holding on to the 2800.00 level

S&P500 daily chart

Main trend:               Bullish
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low


Key events ahead: RBA releases its quarterly Statement on Monetary Policy – Westpac

Analysts at Westpac notes that the RBA releases its quarterly Statement on Monetary Policy at 11:30am Syd/8:30am Sing/HK. 

Key Quotes:

“The statemen


Wall Street pares early gains following Fed’s policy statement, ends day mixed

Major equity indexes started they mixed and stayed relatively quiet in the first half of the session as investors stayed focused on the Fed’s announce


RBNZ: solid hard data speaks for itself – Nomura

Analysts at Nomura noted that the Reserve Bank of New Zealand (RBNZ) again announced an unchanged cash rate of 1.75% yesterday, as was forecast by all


NZD/USD bears eye up the 38.2 Fibo retracement at 0.6680 area

NZD/USD travelled overnight in an orderly between 0.6797/70 ahead of the FOMC  which titled the balance in the bear’s favour to a low of 0.6741. 



US Dollar Index Technical Analysis: DXY lifted to 96.66 thanks to FOMC

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 former 2018 high
Resistance 2:         97.20 August 15 high


JD.com sinks after CEO Liu Qiangdong was absent from a high-profile internet conference in China (JD) | Markets Insider

JD.com CEO Liu Qiangdong was briefly detained in Minneapolis, Minnesota, over a rape allegation in August.
Since then, he has been absent from s…


Tool maker Snap-on increases dividend by 16%

Snap-on Inc. SNA, +0.39% said late Thursday its board of directors has declared a quarterly dividend of 95 cents a share, payable Dec. 10 to sharehold


Justice Department sues UBS over mortgage bonds before the recession

The Justice Department said it’s suing UBS UBS, -2.01% over the sale of residential mortgage-backed securities from 2006 through 2007, just before the


Skyworks Solutions stock down after fiscal Q4 earnings

Shares of Skyworks Solutions Inc. SWKS, +0.91% fell 4% in the extended session Thursday after the semiconductor company reported fiscal fourth-quarter


CenturyLink stock falls 7% after earnings show declining sales, profit

CenturyLink Inc. CTL, -1.82% shares dropped more than 7% in after-hours trading following an earnings report that showed sales and profit declining fa


Trump administration moves to limit asylum at Mexican border

The Trump administration on Thursday unveiled new rules that will restrict migrants’ ability to seek asylum at the Mexican border. President Donald Tr


Forescout stock rallies 10% on surprise profit

Forescout Technologies Inc. FSCT, +0.46% shares surged in the extended session Thursday after the cybersecurity company reported a surprise adjusted p


Redfin shares fall after company offers weaker Q4 guidance

Shares of Redfin Corp. RDFN, -3.76% fell more than 9% in the extended session Thursday after the real-estate brokerage swung to a profit in the third


Hertz shares rally as third-quarter earnings crush expectations

Hertz Global Holdings Inc.’s HTZ, -1.39% stock jumped in Thursday’s extended session after the car rental company posted quarterly results that exceed


Cheer Up


Volume Spike – (an open position) confirmation that you are either the smartest person or the biggest idiot on Earth; (no positions are open) confirmation that you are the smartest person on the planet, but you were not paying attention.


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Have a nice trading!

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