Heads-up News 

Frankfurt Trading Session Heads Up Friday, January 12, 2018

Frankfurt opening news digest

USD/CAD: A Deja Vu For USD/CAD Around Next Week’s BoC? – BNPP

BNP Paribas FX Strategy Research discusses USD/CAD outlook ahead of next week’s BoC meeting and notes over the next year, rates markets are now pricing more than 80bp of tightening from the BoC, 20bp more than is priced for the Fed and the most in the G10.”The situation seems similar to the aftermath of the September rate hike, when t


US Dollar May Fall as CPI, Retail Sales Data Cool Fed Hike Bets

The US Dollar may continue to trade broadly lower as soft consumer inflation and retail sales statistics cool bets on a Fed interest rate hike


Bitcoin and Its Cryptocurrency Challengers: Money or Mania?

The days when the cryptocurrency market was essentially Bitcoin are long gone. We take a look at the original and the biggest right now among


Where Euro and Yen Charged by Policy, BoC Offers Clear USD/CAD Lines

This week, we have seen both the Euro and Japanese Yen set in motion speculation that their respective central banks were readying for changes.


ECB Signals QE Retreat Again, Will EUR/USD Overtake 1.2100?

Which currency is presently in charge of the EUR/USD’s bearing and intensity? Is it the Dollar as the world’s most liquid currency?


Japanese Yen Rides Trade Disappointment, USD/JPY Still Wilting

The Japanese Yen market was clearly focused elsewhere Friday and took little notice of quite strong misses for both the domestic current account and trade


Asia AM Digest: Euro Soars on ECB Minutes, US Dollar Drops Again

The Euro soaredafter the minutes from December’s ECB policy meeting hinted that the central bankmay dial back QE earlier than expected. The US Dollar continued


Positive Bounce Predicted For Singapore Stock Market

The Singapore stock market has ticked lower in back-to-back sessions, sliding more than a dozen points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,510-point plateau although it may regain its footing on Friday.


New Zealand Building Permits Soar 11.0% In November

The total number of building permits issued in New Zealand surged a seasonally adjusted 11.0 percent on month in November, Statistics New Zealand said on Friday – standing at 3,262.


Malaysia Bourse May Stop The Bleeding On Friday

The Malaysia stock market has finished lower in three consecutive trading days, giving away more than 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,815-point plateau although it may find traction on Friday.


Losing Streak May End For South Korea Shares

The South Korea stock market has moved lower in three straight trading days, giving away more than 25 points or 1 percent along the way. The KOSPI now rests just beneath the 2,490-point plateau although it may stop the bleeding on Friday.


China Trade Data On Tap For Friday

China will on Friday release December figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to gain 14.


New Zealand Building Permits Spike 11.0% In November

The total number of building permits issued in New Zealand was up a seasonally adjusted 11.0 percent on month in November, Statistics New Zealand said on Friday – coming in at 3,262.


BRAZIL: 2018 Crop Should Fall 6.8% Compared To 2017 – IBGE

Brazil’s total crop in 2018 should reach 224.3 million tons, a decrease 16.3 million tons or 6.8% compared to the 2017 harvest, said the country’s statistics office (IBGE).


BRAZIL: CSN Raises Steel Price For Distribution By Around 12%

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) and ArcelorMittal increased steel prices sold to distributors by around 12%, said Carlos Loureiro, chairman of the Brazilian Institute of Steel Distributors (Inda).


Stocks Show Strong Move Back To The Upside – U.S. Commentary

Stocks moved notably higher over the course of the trading day on Thursday, more than offsetting the modest pullback seen in the previous session. With the upward move, the major averages climbed to new record closing highs.


Major Averages Hovering Firmly In Positive Territory – U.S. Commentary

Following the modest pullback seen in the previous session, stocks have moved mostly higher during trading on Thursday. With the upward move on the day, the Dow and the Nasdaq have reached new record intraday highs.


Stocks Offsetting Yesterday’s Modest Pullback – U.S. Commentary

Stocks have moved to the upside in morning trading on Thursday, offsetting the modest pullback seen in the previous session. The upward move on the day has lifted the Dow and the Nasdaq to new record intraday highs.


ChinaNet Online Holdings (CNET) Has Taken Out The Highs Of The Morning

ChinaNet Online Holdings (CNET) gapped open higher Thursday and has broken out of an early trading range in the last few minutes on increased volume. Shares are now up 0.


Crypto News Update

Bitcoin price plummeted as much as 14 percent as South Korean justice ministry is planning laws to ban trading in cryptocurrencies. Adding to the gloom, billionaire investor Warren Buffett warns that cryptocurrencies are set to have a bad ending.


Lipocine Inc. (LPCN) Is Sinking After FDA Votes Against TLANDO

Lipocine Inc. (LPCN) announced after the close Wednesday that its New Drug Application for its oral testosterone product candidate TLANDO has failed to win support from an advisory committee to FDA.


ECB Minutes Suggest Policy Communication Script May Be Revised Soon

The European Central Bank could change the tone of its monetary policy communication early this year to reflect the improvement in growth prospects, minutes of the latest policy session showed on Thursday.


First Solar Inc. (FSLR) Has Broken Out To A New High For The Year

First Solar Inc. (FSLR) gapped up at the open Thursday and has spiked higher in early trade. Shares are now up 3.68 at $73.42. First Solar has broken out of a 1-month trading range this morning and has set a new high for the year.


U.S. Producer Prices Unexpectedly Show Modest Decrease In December

A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in producer prices in the month of December. The Labor Department said its producer price index for final demand edged down by 0.


Sizzling Crypto Market Invites Regulators’ Attention

Runaway trends in the price of cryptocurrencies have brought them under the regulators’ scanner in several countries, clouding the outlook for what was touted as the next big thing after Internet.


U.S. Weekly Jobless Claims Climb To Three-Month High

For the second consecutive week, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits.


Stocks May Move Back To The Upside In Early Trading – U.S. Commentary

Following the first losing session of the new year, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 23 points.


U.S. Producer Prices Unexpectedly Dip 0.1% In December

A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in producer prices in the month of December..


U.S. Weekly Jobless Claims Unexpectedly Rise To 261,000

For the second consecutive week, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits.


JetBlue Airways December Traffic, Capacity Rise; Load Factor Declines

JetBlue Airways Corp. (JBLU) reported that its traffic and capacity rose in the month of December 2017 from the prior-year period, while load factor declined. In addition, the company raised its outlook for fourth-quarter revenue per available seat mile or RASM.


Germany’s GDP Growth Fastest In Six Years

The German economy expanded at the fastest pace in six years in 2017, driven by domestic demand, preliminary data from Destatis showed Thursday. Gross domestic product grew 2.


Denmark Industrial Output Rises For Second Month

Denmark’s industrial production grew for the second successive month in November, figures from Statistics Denmark showed Thursday. Industrial production climbed a seasonally adjusted 2.


Portugal HICP Inflation Slows As Expected In December

Portugal’s EU measure of inflation eased for the second straight month in December, in line with expectations, preliminary data from Statistics Portugal showed on Thursday.


Wall Street Poised To Open In Green Zone

Investors might be reacting to economic reports on weekly jobless claims and producer price index on Thursday. Early trends from the U.S. Futures Index suggest that Wall Street might open higher.


South Africa’s Manufacturing Production Climbs Further

South Africa’s manufacturing production grew for the second straight month in November, preliminary figures from Statistics South Africa showed Thursday. Manufacturing production advanced an unadjusted 1.


Greece Unemployment Rate Falls In October

Greece’s unemployment rate dropped marginally in October, after remaining stable in the previous month, data from the Hellenic Statistical Authority showed Thursday.


UK Lenders Set To Reduce Unsecured Credit In Q1

British lenders plan to reduce unsecured credit to households in the first quarter, the Credit Conditions Survey, published by the Bank of England showed Thursday.


Sensex, Nifty End Off Day’s Highs

Indian shares rose on Thursday, although markets ended off their day’s highs ahead of earnings from TCS due out later in the day. The benchmark BSE Sensex ended up 70.


Czech Retail Sales Growth At 8-Month High

Czech retail sales growth accelerated in November to the highest level in eight months, figures from the Czech Statistical Office showed Thursday. Retail sales, excluding automobile trade advanced an unadjusted 7.


Eurozone Industrial Output Growth Improves In November

Eurozone industrial production grew the most in three months in November, Eurostat reported Thursday. Industrial output climbed 1 percent month-on-month, following October’s 0.


Italy Retail Sales Rebound More Than Expected

Italy’s retail sales increased at a faster-than-expected pace in November, after falling in the previous month, preliminary data from the statistical office Istat showed Thursday.


European Shares Lackluster As Earnings Pour In

European stocks were subdued on Thursday as corporate earnings started trickling out and investors eyed the latest ECB minutes for signs whether the central bank will start withdrawing its stimulus policies earlier than expected.


A Wall Street consultancy eviscerated crypto in a massive report — and it should strike fear into the heart of every bitcoin bull

A Wall Street consultancy laid out a bear case for bitcoin that puts it at just $1,800 at the end of 2018.


Intel’s telling some customers to avoid its fix for the Spectre and Meltdown attacks — because of a big bug

Intel is quietly telling some of its big customers to “delay” installing a fix it issued that was intended to address a major security vulnerabilit


Mark Zuckerberg says Facebook is changing its news feed so it’s actually ‘good for people’

Facebook will show you less news, and more stuff from friends and family.


This new smartwatch from Skagen is the best-looking wearable I found at CES

Skagen’s new Falster smartwatch is a beautiful, high-end alternative to the Apple Watch.


Dropbox needs to find a new ‘ethos’ and more business customers for an IPO home run

BI PRIME: The market for collaboration tools is booming, analysts said, but Dropbox will need to button up its image to succeed on Wall Street.


Trump expected to extend waiver on Iran sanctions: reports

President Donald Trump plans to extend a waiver on sanctions against Iran as part of the 2015 nuclear deal, according to news reports. The Associated


Trump cancels trip to London over protest fears: reports

President Donald Trump has canceled plans to visit London next month over fears of mass protests, according to news reports late Thursday. The Guardia


Where Euro and Yen Charged by Policy, BoC Offers Clear USD/CAD Lines

Talking Points: • Monetary policy is starting to come back into vogue as a dominant fundamental theme • The ECB and BoJ have recently given subtle cues that …


ECB Signals QE Retreat Again, Will EUR/USD Overtake 1.2100?

Talking Points: • ECB minutes suggest the policy authority is ready to prepare the market for the inevitable normalization of extreme easing • Both the Pound…


Cheer Up


Top – (when you have an open long position) the point on the chart where the stock price backs off fast before you get out; (when you have an open short position) the exact spot where you cover.


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Have a nice trading!

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