Heads-up News 

Frankfurt Trading Session Heads Up Friday, October 13, 2017

Frankfurt opening news digest

Preview: US: Retail Sales


Preview: US: Consumer Price Index


AUD/NZD: Bullish Setup Intact As L/Term Base Building Process Remains Dominant – NAB

NAB FX Technical Strategy Research maintains its bullish AUD/NZD bias following the comprehensive confirmation of a renewed MT/LT uptrend bias which has been produced in August.”The month-end close above 1.0790 (50-month MA) was complimented by the completion of the first higher low/higher high sequence since the 2011 high.


EUR/USD, USD/JPY, GBP/USD: Assessing Latest Flows Signals? – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that Despite weak EUR/USD investor flows, official sector flows could start offering some support for the USD.”The officials bought USD last week after selling for the last 6 weeks, while they have been selling EUR for the last 9 weeks. This could lead


Crude Oil Prices Brace for Trump Speech on US Iran Policy

Crude oil prices may rise if US President Trump signals a move away from an Obama-era deal with Iran exchanging sanctions relief for nuclear capability


EUR/GBP Technical Analysis: Euro Down Trend About to Resume?

The Euro may be readying to resume the down trend started in late August against the British Pound after a corrective upswing stalled ahead of


Australian Dollar Steady, China Trade Miss Can’t Mask Strength

The Australian Dollar remained quite elevated despite lackluster Chinese trade data which could have weighed on it. Those numbers aside this has not been a


Aussie Dollar Rises Following RBA Report, China Trade Data on Tap

The Australian Dollar rose tepidly against its major counterparts following the release of the Reserve Bank of Australia’s Financial Stability Report.


Asia AM Digest: Aussie Dollar May Suffer as China Data Disappoints

The Australian Dollar may suffer if Chinese trade statistics disappoint, echoing a string of deteriorating outcomes relative to consensus forecasts over the past month.


DJIA Momentum Diverges From Price

DJIA is up marginally on the week and appears to be in a terminal wave at multiple degrees of trend. This implies a stock market


Aussie holds well despite Chinese Trade Balance misses expectations

Earlier in today’s session Chinese Trade Balance for the month of September came short of expectations. Chinese trade balance came in at 193Bln CNY compared to a previous 286.50Bln CNY and an expected 266 Bln CNY. However despite the miss the figures were nevertheless quite robust with exports topping 9% in CNY terms. As a reult sentiment in Asia’s major indices remained in positive territory albeit only by a thin margin.


Trump just made a huge move that could blow up Obamacare

The Trump administration announced Thursday that it would end the critical cost-sharing reduction, or CSR, payments. The move could wreck Obamacare markets.


China is binging on dollar-denominated debt

China is leading a global surge of dollar-denominated debt, having just announced that it’ll sell $2 billion in government bonds.


Trump to cut off key Obamacare subsidies: report

President Donald Trump intends to cut off key payments to health insurers, Politico reported Thursday night, in his most aggressive move yet to scrap


Samsung CEO to step down, citing ‘unprecedented crisis’

Samsung Electronics Co. Ltd. 005930, -0.55% Chief Executive and Vice Chairman Kwon Oh-hyun said Friday he would step down when his term ends in March


Cheer Up


Investment should be dispassionate but not automatic. –BNP


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Have a nice trading!

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