Heads-up News 

Tokyo Trading Session Heads Up Wednesday, November 7, 2018

Tokyo opening news digest

Broad-Based Rally Takes Major Indices Up 2% After Election

This was an impressive, broad-based rally that took place amid strong volume. Technical factors seemed to help, too, with more buyers coming in after the S&P 500 jumped back above 2800.


Investor Takeaways From The Midterm Election Results

Democrats celebrated the midterm election results, but they should temper their enthusiasm. Investors should also be very careful of adjusting their portfolios in response to the election. This is more likely to reflect their behavioral biases than sound decision-making.


AUD/JPY Technical Analysis:Looking to continue run above 83.00









    Last Price: 82.55
    Daily change: 35 pips
    Daily change: 0.426%


FOMC meeting: do not expect many new developments – Nomura

Analysts at Nomura do not expect many new developments at the November FOMC meeting next week. 

Key Quotes:

“Since the meeting in September, the eco


RBNZ: let the economy run hot – TDS

Analysts at Td Securities noted that the RBNZ left the cash rate at 1.75% as widely anticipated, but despite a string of strong activity reports, the


US elections: lack of a major surprise limits the net market response – Westpac

Analysts at Westpac explained that the US midterm elections were broadly in line with expectations.

Key Quotes:

“The Democrats captured the House bu


AUD/USD coiling beneath 0.7300, but risks are mounting

The AUD/USD is finding itself splashing around near 0.7275 after a run at the 0.7300 level on Wednesday following a decline in the US Dollar following


US Dollar Index Technical Analysis: Greenback bulls erase daily losses as they close above 96.00 figure

DXY daily chart

Trend:                     Bullish

Resistance 1:         96.41 August 20 high
Resistance 2:         97.00 former 2018 high


EUR/USD Technical Analysis: Is there fuel in the bulls tank as Euro lands near 1.1430 support ?

EUR/USD 4-hour chart

Main trend:             Bearish

Resistance 1:   1.1470 Asian high (Nov.7) 
Resistance 2:   1.1500 figure and October 2 swing


Key events ahead: Asia is quite busy – Westpac

Analysts at Westpac explained that Asia’s calendar is quite busy. 

Key Quotes:

“China’s Oct trade balance has plenty of potential to surprise, given


Roku’s shares plunge 12% despite an earnings report its CEO called ‘great’

The streaming media device maker’s third-quarter results beat Wall Street’s expectations, but its growth rate is slowing.


Monster Beverage stock falls after disclosing fight with Coca-Cola

Monster Beverage Co. MNST, +2.04% shares dropped as much as 9% in after-hours trading Wednesday after the energy-drink company revealed that beverage


Alarm.com stock rallies more than 15% after earnings, outlook top Street view

Alarm.com Holdings Inc. ALRM, +3.30% shares surged in the extended session Wednesday after the property monitoring company’s earnings and outlook topp


Wynn stock falls as Macau high-rollers slow down

Shares of Wynn Resorts Ltd. WYNN, +3.92% fell more than 12% in the extended session Wednesday after the hotel and casino operator reported adjusted th


CarGurus stock soars on company’s Q3 earnings beat

Shares of CarGurus Inc. CARG, -5.02% rallied nearly 16% in the extended session Wednesday after the company, which operates an online marketplace for


SailPoint stock falls on outlook

SailPoint Technologies Holdings Inc. SAIL, +7.16% shares dropped in the extended session Wednesday after the identity governance company’s outlook fel


Square stock falls 6% after fourth-quarter outlook disappoints

Shares of Square Inc. SQ, +6.96% fell more than 6% in the extended session Wednesday after the payments company reported better-than-expected third-qu


Take-Two raises outlook after big ‘Red Dead Redemption 2’ launch

Take-Two Interactive Corp. TTWO, +1.72% raised its financial forecast for the year Wednesday while reporting better-than-expected sales ahead of an ex



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Have a nice trading!

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