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Toyota Motor Corp slipped into negative territory after the automaker cut its annual net profit outlook during afternoon trade. The stock ended 0.7 percent lower.

The Nikkei share average rose 0.1 percent to 20,874.06.

In an 82-minute speech that began at 0200 GMT, Trump said he wanted a U.S. immigration system that was “safe, lawful, modern and secure” as he continued to seek funding for a border wall rejected by Democrats.

The Euro declined back through the 50-day Moving Average, putting it on a sell signal. The Cycles Model suggests another week or more of decline ahead. A likely target for the decline may be the Head & Shoulders neckline. 

(CCN) With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $683 million in expenses, the euro may be in deep trouble.

In the last quarter of 2018, a period in which even U.S. banks underperformed, the global markets division of BNP Paribas recorded a $256 million loss.

BNP Paribas, the largest bank in France, ended 2018 with a staggering 40 percent loss in trading according to FT.

EuroStoxx 50 Index continues to extend its inverted Master Cycle to new highs. While it appeared to be topping early last week, it is now time for a reversal. The Cycles Model may turn bearish with a Master Cycle low due in March.

(Reuters) - European shares inched up to touch 12-week highs on Wednesday, fueled by strong gains in Italian banks and tech stocks, while Ubisoft sank following a revenue warning from U.S. videogame maker Electronic Arts.

Europe’s STOXX 600 managed a 0.2 percent gain by the close, having oscillated in and out of negative territory during the day.

The regional benchmark hid wide variations at country level: Germany’s trade-sensitive DAX was down 0.4 percent and France’s CAC 40 fell 0.1 percent while Italy’s FTSE MIB jumped 0.8 percent.

-- Gold tested the trendline of the Broadening Wedge formation last Thursday, simultaneously making an Inverted Master Cycle high. It has since reversed down and is now on a sell signal beneath the Cycle Top resistance at 1321.61. The resulting decline may last up to 6 weeks.

(CNBC) Gold eased on Wednesday on a firmer dollar but held in a $5 range as investors waited for signs of resolution in U.S.-China trade talks, while keeping an eye on the Federal Reserve’s monetary policy.

Spot gold was 0.41 percent lower at $1,309.55 per ounce at 1:50 p.m. EST.

U.S. gold futures settled down $4.80 at $1,314.4

“For gold prices to firm further, we need to see signs of easing trade tensions,” which could stem safe-haven flows into the dollar, said Suki Cooper, precious metals analyst at Standard Chartered Bank.

“Gold is likely to consolidate above $1,300 before we see the next move higher.”

 West Texas Intermediate Crude reversed from its Master Cycle high on Monday and may have completed a reversal pattern. A decline beneath the trendline at 50.71 activates the larger Broadening Wedge formation and a sell signal. This signal may be just as strong as the signal given on October 3.

(OilPrice) A day after the American Petroleum Institute disappointed oil bulls by reporting an estimated inventory build across the board, the Energy Information Administration deepened the mood by saying U.S. crude oil inventories added 1.3 million barrels in the week to February 1.

At 447.2 million barrels, the EIA said, U.S. crude oil inventories are still above the seasonal average but not by much.

In gasoline, the authority reported a build of 500,000 barrels, with daily production at a little less than 9.9 million barrels. A week earlier, gasoline inventories fell by 2.2 million barrels after four weekly builds, and hefty ones, at that, with production averaging 9.9 million bpd.

The Shanghai Index went on sabbatical as of last Friday. It closed just above the 50-day Moving Average at 2577.55, leaving it short-term neutral-to-positive. The Cycles Model indicates weakness may resume, lasting through mid-March. But first, Spring Festival has begun and will continue until Sunday. The Chinese market resumes on Monday, February 11.

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Disclaimer: Nothing in this article should be construed as a personal recommendation to buy, hold or sell short any security.  The Practical Investor, LLC (TPI) may provide a status report of ...

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