Heads-up News 

Frankfurt Trading Session Heads Up Thursday, December 6, 2018

Frankfurt opening news digest

David Tepper’s Top 5 Holdings

Guru’s top holding as of the 3rd quarter is semiconductor manufacturer Micron Technology

 

Rate Forecasts Cooling for Fed, BOC and Others Can Sink Sentiment as Well

Dovish forecasts from the Federal Reserve, Bank of Canada, and the Reserve Bank of Australia could jeopardize overall market sentiment.

 

Crude Oil Prices Vulnerable as Markets Eye Key OPEC Meeting

Crude oil prices appear vulnerable as financial markets eye the outcome of a pivotal meeting between OPEC and allied producers meant to unveil new output

 

Nikkei 225 Technical Analysis: Uptrend Endures Despite Sharp Falls

The Nikkei 225 has slipped, along with many other global indexes, as risk-aversion has risen. However, the Japanese benchmark’s daily-chart uptrend has yet to break

 

Will the Return of US Traders Rekindle the Abrupt Risk Aversion?

After stalled liquidity, the return of US traders may weigh on fundamental threat assessment tracking for the US-China trade war, and yield curve warnings.

 

EUR/USD Technical Analysis: Are Sellers Ready to Retake the Lead?

Euro technical positioning hints the single currency is trying to resume its dominant downward trend against the US Dollar. Will this attempt find follow-through?

 

Risk Aversion Lingers, Asia Stocks and Australian Dollar at Risk

Risk aversion engulfed financial markets as Wall Street was closed despite US China trade talk progress. CAD sunk on less hawkish BoC. Asia stocks may

 

Asian stocks in retreat once again, Nikkei dropping below ¥21,500

Pacific-Asia equities are red across the board for Thursday as investor sentiment continues to sour further, and traders are punishing the major indic

 

Netherlands, The Consumer Price Index n.s.a (YoY) declined to 2% in November from previous 2.1%

Netherlands, The Consumer Price Index n.s.a (YoY) declined to 2% in November from previous 2.1%

 

China to press ahead with the “concrete” measures – Rabobank

Analysts at Rabobank note that the China has pledged that it would press ahead with the “concrete” measures it had agreed with the US at the G-20, and

 

India: MPC turns dovish – Standard Chartered

Analysts at Standard Chartered point out that the India’s Monetary Policy Committee (MPC) kept its policy rate on hold at 6.5% in an unanimous decisio

 




US 10-year yield hits lowest level since Sept. 7

The yield on the US 10-year treasury note fell to 2.874 percent soon before press time – its lowest level since Sept. 7.

The risk aversion in the equ

 

GBP/USD floundering near 1.2700 as the Brexit clock continues to tick down

GBP/USD continues to trade sideways, reaching daily peaks in the 1.2800 neighborhood before sinking back down into the 1.2700 region, though swing low

 

USD/CNH bid on risk aversion, peeps above 100-day MA

The offshore Chinese yuan (CNH) is taking a beating amid risk aversion in the equity markets.

The USD/CNH pair is currently trading at 6.8867; up 0.4

 

Australia: Retail sales pick up, a sigh of relief – TDS

Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, explains that the Australian retail sales came as a relief after disappointing

 

NZ HYEFU Preview: Sticking to the script – ANZ

Analysts at ANZ expect the vibe of next week’s Half-Year Economic and Fiscal Update (HYEFU) and Budget Policy Statement (BPS) of New Zealand economy t

 

Australia: Trade surplus narrows as imports surge – Westpac

Andrew Hanlan, Research Analyst at Westpac, notes that the Australia’s trade surplus was smaller than expected for October, at $2.3bn (market median $

 

EUR/USD: Focus on yield differentials

The EUR/USD pair is trading in a sideways manner around 1.1340 for the fourth day straight despite the EUR-positive developments in the bond markets.

 

Australia: Trade boom – TDS

Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, points out that the Australian Oct trade surplus narrowed to +$A2.3b due to a l

 

AUD/USD Technical Analysis: AUD is proving key trendline support

Daily chart

Trend: Bearish

AUD/USD

Overview:

    Today Last Price: 0.7221

    Today Daily change: -48 pips

    Today Daily change %: -0.660%

 

Adviser: PBOC to allow Yuan to gain in trade truce – MNI

MNI reports an adviser noting that the People’s Bank of China (PBOC) will allow Yuan to gain in trade truce.

 

OPEC Dec 6th Vienna meeting preview: Agenda and timings

The much-awaited meeting of the Organisation of Petroleum Exporting Countries (OPEC) is due on the cards later today that will have a significant impa

 

BOJ’s Kuroda: No specific upper limit for bond purchases

Bank of Japan (BOJ) governor Kuroda’s take on the central bank’s bond purchase program and inflation goal is crossing the wires via LiveSquawk:

The

 




Gold consolidates near 5.5-week highs amid US yield curve inversion

Gold is currently trading at $1,240 per Oz, having hit a high of $1,243 on Tuesday – the level last seen on Oct. 26.

The yellow metal crossed the res

 

Japan Post CEO Nagato sees 1% GDP growth in Japan in 2019

In an interview with Bloomberg TV, Japan Post CEO Nagato spoke about the Bank of Japan’s (BoJ) monetary policy and the economy.

Key Points:

Japanese

 

AUD/USD pegging into fresh lows on its way to 0.7200 on waning risk appetite

AUD/USD is marking in new lows for the week below 0.7230 as risk appetite drains away in the Pacific-Asia market session, fueled by an unexpected decl

 

GBP to fall nearly 3% if parliament rejects Brexit deal – Reuters poll

According to the results of the latest Reuters poll of economists, a majority of them believe that the British currency, the GBP, is poised for a 2.75

 

USD/JPY Technical Analysis: Bears eyeing Tuesday’s low of 112.58 after rising wedge breakdown

The USD/JPY looks set to test the support at 112.58 (Tuesday’s low), having suffered a rising wedge breakdown earlier today.

A deeper drop below that

 

BOJ’s Kuroda says prolonged monetary easing could hurt financial institutions

Bank of Japan’s (BOJ) governor Kuroda on Thursday said that the central bank must stay vigilant prolonged monetary easing could weigh on financial ins

 

Bond market flashes yield curve warning – Bloomberg

As reported by Bloomberg, a yield curve inversion of the 3- and 5-year US Treasuries is flagging a  growing warning sign, and could be signaling for t

 

Moody’s: The outlook for Australia’s infrastructure sector is stable next year

The US-based rating agency, Moody’s Investors Service, is out with its take on the Australian government’s heavy spending on the infrastructure develo

 

PBOC injects funds via 1-yr MLF

On Thursday, the People’s Bank of China (PBOC) announced that it injected funds into the Chinese banking sector via 1-year Medium-term Lending Facilit

 

Fed’s Quarles: Comfortable that level of financial risk is ‘moderate’

Head of Supervision at the Federal Reserve (Fed) Randy Quarles is out with further comments, speaking at Stanford University.

He said that that finan

 

Brent oil Technical Analysis: This MA line is capping the recovery rally ahead of OPEC meeting

Brent’s recovery rally from the Nov. 29 low of $57.33 is struggling to move past the resistance of the 4-hour chart 100-SMA, possibly due to caution a

 

BoJ’s Kuroda: BoJ must communicate its exit strategy but only when it hits the price target

More comments hitting the wires from the Bank of Japan (BoJ) Governor Haruhiko Kuroda, as he continues to speak in the Japanese parliament.

Raising r

 




NZD/USD heading lower in early Thursday action, ticking into 0.6880

NZD/USD is trading into 0.6880 as risk appetite continues to take a header as risk appetite retreats further in Thursday’s early Asian market session,

 

Taiwan’s central bank Governor: US-China trade war could last 1-2 years

Yang Chin-long, Governor of the Central Bank of the Republic of China, Taiwan’s central bank was reported by Reuters, as saying that the US-China trad

 

Trump’s trade tweets not only threatened Asian markets this week but invited China to come save the day with a surprising and unorthodox message of trust

Asian markets were in retreat after Trump added confusion to the vague state of the US-China trade war ceasefire.

 

Dow, S&P 500 futures tumble after arrest of Huawei CFO

U.S. stock market futures tumbled in early trading Wednesday night, signalling potential Thursday losses on Wall Street, after Canada arrested a top e

 

Rate Forecasts Cooling for Fed, BOC and Others Can Sink Sentiment as Well

Rate Decision Talking Points: • Both the Bank of Canada and Reserve Bank of Australia offered more cautious views this week which deflated policy expectation…

 

Will the Return of US Traders Rekindle the Abrupt Risk Aversion?

Indices Talking Points: • Liquidity effectively stalled Tuesday’s risk slump, will its return revive the move? • Fundamental threat assessment tracking for t…

 

Cheer Up

Adage:

It’s not the size of the edge, but the frequency with which the edge can be exploited–and the size with which it can be exploited–that makes the trader a living. –Brett Steenbarger

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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