Heads-up News 

Frankfurt Trading Session Heads Up Thursday, August 9, 2018

Frankfurt opening news digest

Yen May Fall as US, Japan Strike Deal Avoiding Auto Tariff Hike

The Yen may fall as negotiators from the US and Japan reach a deal avoiding an increase in auto import tariffs, stoking optimism across financial

 

Chinese Stocks Soar, AUD Up. USD/PHP Rise at Risk on BSP Rate Hike

A rally in the Shanghai Composite led the sentiment-linked Australian Dollar up. Meanwhile, the recent rise in USD/PHP may be at risk on a hawkish

 

RBNZ’s McDermott: Chances of a rate cut have increased

Renters reports key comments delivered by the Reserve Bank of New Zealand John Assistant Governor McDermott in an interview on Thursday.

RBNZ was wor

 

USD/JPY recovers early lost ground to 2-week lows, retakes 111.00 handle

•  Slight improvement in risk-appetite prompts some short-covering move.

   •  Further gains remain capped amid escalating US-China trade tensions

 

China: CPI inflation slightly higher – Nomura

Analysts at Nomura note that China’s CPI inflation edged up by 0.2pp to 2.1% y-o-y in July (Consensus: 2.0%; Nomura: 1.8%; Figure 3), slightly higher

 

UK house prices edged up in July – RICS survey

The latest survey conducted by the Royal Institution of Chartered Surveyors’ (RICS) showed that the UK house prices rose in the month of July, as pric

 

China: Trade data pointed towards robust commodities demand – TDS

Analysts at TD Securities explain that while money managers braced for a trade war between the world’s largest economies, China’s trade data pointed t

 

GBP/USD rebound stalling just beneath 1.29

The GBP/USD is seeing some hesitation near the 1.2880 level as the European market session gets underway, and traders are unsure of which direction to

 

Denmark Trade Balance: 7.4B (June) vs 5.3B

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are

 

Denmark Current Account climbed from previous 10.5B to 11.3B in June

Denmark Current Account climbed from previous 10.5B to 11.3B in June

 




Norway Credit Indicator down to 5.8% in June from previous 6%

Norway Credit Indicator down to 5.8% in June from previous 6%

 

EUR/USD holding on to 1.1600, US PPI on sight

The European currency is struggling for direction on Thursday, taking EUR/USD to the 1.1600 neighbourhood ahead of the opening bell in Euroland.

EUR/

 

FX option expiries for Aug 9 NY cut

FX option expiries for Aug 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

– EUR/USD: EUR amounts

1.1500 1.2bn 
1.1530 735m
1.1550

 

Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.6%) in July

Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.6%) in July

 

China: PPI inflation edged down, mainly due to weakening domestic demand – Nomura

Analysts at Nomura note that China’s PPI inflation edged down 0.1 percentage points (pp) to 4.6% y-o-y in July (Consensus and Nomura: 4.5%), above its

 

GBP/USD Technical Analysis: new lows for 2018 as traders await UK GDP on Friday

GBP/USD Chart, 15-Minutes

Spot rate: 
1.2875

Relative change: 
Negligible

High: 
1.2888

Low: 
1.285

 

BoJ seen making policy changes after 2019 – Bloomberg Survey

According to the latest Bloomberg survey of 42 economists, a majority of them see the Bank of Japan (BoJ) making changes to its monetary policy settin

 

Philippines: BSP likely to hike by 50bps – TDS

Analysts at TD Securities expect BSP to hike by 50bps, as does the market in its policy meeting today.

Key Quotes

“BSP governor Espenilla has stated

 

Forex Today: Kiwi sold-off into dovish RBNZ stance, focus shifts to US PPI

Fx today witnessed an eventful Asian session thus Thursday, with the Kiwi having emerged the weakest while the Yen was the top gainer, despite the ris

 

AUD/USD Review: China’s CPI beat gives the Aussie room to breath

The AUD/USD is trading into 0.7435 heading through Thursday’s trading after being propped up by better-than-expected inflation figures from China, and

 

Oil Technical Analysis: Rising wedge breakdown favors re-test of lows seen yesterday

15-minute chart

Current Price: $72.46

Daily High: $72.57

Daily Low: $72.19

Trend: Bearish

Resistance

R1: $72.49 (June 18 low)

R2: $73.20 (5-d

 

Geopolitical developments around Russia and Turkey amongst market movers – Danske Bank

Analysts at Danske Bank suggest that with another quiet day on the economic data front, the market will focus on geopolitical developments around Russ

 




Chinese yuan to regain some poise is trade tensions ease – Reuters

The battered Chinese yuan (CNY) could regain some ground against the dollar and appreciate over the next year, but only if the Sino-US trade tensions

 

Cheer Up

Adage:

To play at top of your form, you cannot be emotionally involved in the results.
– Arnold Snyder

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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