Heads-up News 

Frankfurt Trading Session Heads Up Thursday, November 8, 2018

Frankfurt opening news digest

Mid-Term Election Takeaways: Stay invested. Outlook for the Innovation Economy Remains Bright

With the mid-terms now in the rear-view mirror, here are the sectors and themes to watch over the next year.

 

Do Not Resuscitate: The Saga of Sears, Hedge Fund Hubris And Media Ignorance

As the once-iconic retail giant, shutters stores, there are important lessons for investors.

 

EUR/USD to Rise Further? FOMC, Italy and Brexit May Bring Losses

EUR/USD has mounted a spirited recovery but an intact downtrend and fundamental headwinds from Brexit and Italy could mean that this upswing will be short-lived.

 

What Will the Dollar and Dow Glean from a Hawkish Fed Hold?

Markets are particularly sensitive to the FOMC rate decision, with little scope for a hawkish surprise but much to lose on a dovish outcome.

 

Will the Dow’s Post-Election Surge Continue and Can the Fed Revive the Dollar?

While the S&P 500 posted its largest rally in one day in months, the US Dollar gapped lower post election results. The greenback eyes the

 

Krona and Euro Vulnerable to Unprecedented Political Gridlock

The Krona and Euro may be the victim of Sweden’s ongoing political gridlock amid the broader risk aversion in the region fueled by Brexit and

 

AUD/CAD Price Bullish Breakout a False Flag? Reversal to Come?

AUD/CAD price gains may halt given that the BoC is relatively more hawkish than the RBA. Meanwhile RSI divergence warns that the Canadian Dollar may

 

Nikkei 225 Technical Analysis: Uptrend Holds Into Key Resistance Zone

The Nikkei 225’s latest uptrend is surviving quite well and, if it can remain within its current trading band, may presage a return to this

 

AUD/USD Technical Analysis: Upswing Corrective Within Down Trend

The Australian Dollar has mounted a spirited recovery against its US counterpart but gains appear to be corrective within a broader downtrend.

 

Nikkei 225 May Follow S&P 500, JPY Price at Risk Post US Midterms

The Japanese Yen may be at risk as the Nikkei 225 follows S&P 500 higher after the US 2018 midterm election results. NZD/USD may focus

 

China’s Wang: Xi-Trump meeting will be of great significance to both sides

Further comments are out by the Senior Chinese Diplomat Wang Yi, as he now says that the Chinese President Xi-Trump meeting will be of great significa

 




Asia stocks up across the board as post-US election risk bid continue

Asian equities are resuming climbing on Thursday, getting lifted by a sweep of bullish sentiment that sprang out of US mid-term elections, where Presi

 

AUD bearish news: China iron ore imports hit four-month low in October

China’s imports or iron ore – one of Australia’s top exports – fell to a four-month low in October, customs data showed on Thursday.

China imported 8

 

China’s trade surplus with the US narrows ahead of the G-20 meeting

China’s trade surplus with the United States narrowed to $31.78 billion in October, down from the record high surplus of $ 34.13 billion registered a

 

RBNZ: OCR maintained at 1.75% – ANZ

Analysts at ANZ explain that the RBNZ today held the OCR at 1.75% as universally expected and on balance, the tone of the MPS was more upbeat, but the

 

Fed will not change its monetary policy – Rabobank

Analysts at Rabobank point out that it is widely expected that the Fed will not change its monetary policy at the November meeting.

Key Quotes

“We w

 

RBNZ: Less dovish – Nomura

Andrew Ticehurs, Research Analyst at Nomura, notes that the Reserve Bank of New Zealand (RBNZ) today again announced an unchanged cash rate of 1.75%,

 

Japan Eco Watchers Survey: Outlook fell from previous 51.3 to 50.6 in October

Japan Eco Watchers Survey: Outlook fell from previous 51.3 to 50.6 in October

 

USD/JPY Technical Analysis: break above 113.82 to bolster the bullish tone

4-hour Chart

Trend: Bullish

USD/JPY

Overview:
    Last Price: 113.71
    Daily change: 19 pips
    Daily change: 0.167%
    Daily Open: 113.52
T

 

Japan Eco Watchers Survey: Current registered at 49.5 above expectations (48.9) in October

Japan Eco Watchers Survey: Current registered at 49.5 above expectations (48.9) in October

 

GBP/USD trying to put in a floor at 1.3100 before stretching higher

The GBP/USD is continuing to hold just above the 1.3100 key technical level after seeing impressive gains recently, fueled largely by Brexit optimism

 

EUR/USD: Indecisive breakout, focus on the FOMC rate decision

The EUR/USD closed at 1.1426 yesterday, confirming a falling wedge breakout.

That breakout, however, is looking indecisive, as the pair charted its w

 

RBA SoMP: Expect no revisions to growth forecasts – HSBC

Analysts at HSBC offer a brief preview of Friday’s Reserve Bank of Australia’s (RBA) Statement of Monetary Policy (SoMP) due at 0030 GMT.

Key Quotes:

 




RBNZ: Deviating from reality in NZ rates – TDS

Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities, suggests that New Zealand’s GDP, CPI and employment have all exceeded the Ban

 

RBNZ: More dovish – Westpac

Dominick Stephens, Chief Economist at Westpac, points out that the RBNZ has moved away from the idea of cutting the OCR by removing the phrase that th

 

Oil: Off 8-month lows on talk of OPEC output cut

The sell-off in oil prices has likely stalled, possibly due to reports stating that Russia and Saudi Arabia have started discussions over possible cur

 

US to impose new duties on Chinese aluminium sheet products – Reuters

The US Commerce Department said late-Wednesday it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet produ

 

USD/CNY options reflect bullish invalidation

The USD/CNY one-month 25 delta risk reversals (CNY1MRR) gauge, which shows the implied volatility premium for CNY puts over CNY calls, has dropped sha

 

AUD/USD is attempting gains above 100-day EMA after China trade data release

The AUD/USD jumped 10 pips to a session high of 0.7280 after China data showed the trade surplus widened to CNY 233.63 billion in October from the pre

 

China’s October trade data (USD): Surplus expands 34.01bn, beat estimates

The China customs published trade balance for October in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin.

 

China’s Oct trade balance (CNY): Exports and imports jump – a big beat

China’s trade balance for October, in Yuan terms, came in at CNY 233.63bn versus CNY 237bn expected and CNY 213.23bn last. Exports came at +20.1% y/y

 

China Imports (YoY) above expectations (14%) in October: Actual (21.4%)

China Imports (YoY) above expectations (14%) in October: Actual (21.4%)

 

China Exports (YoY) above expectations (11%) in October: Actual (15.6%)

China Exports (YoY) above expectations (11%) in October: Actual (15.6%)

 

China Trade Balance USD below expectations ($35B) in October: Actual ($34.01B)

China Trade Balance USD below expectations ($35B) in October: Actual ($34.01B)

 

EUR/USD: Put value hits lowest since Aug. 1

The EUR/USD one-month 25 delta risk reversals (EUR1MRR) have risen to -0.575 – the highest level since Aug. 1.

The data indicates that the demand or

 




China Exports (YoY) CNY above expectations (12%) in October: Actual (20.1%)

China Exports (YoY) CNY above expectations (12%) in October: Actual (20.1%)

 

China Trade Balance CNY increased to 233.63B in October from previous 213.23B

China Trade Balance CNY increased to 233.63B in October from previous 213.23B

 

NZD/USD remains trapped by 0.6800 as Kiwi holds onto gains

The NZD/USD is trapped below the 0.6800 level, trading tightly near yesterday’s highs as the Kiwi seeks to extend recent gains fueled by risk-on Dolla

 

Japan’s MOF data: Japanese investors buying in US bonds hits 2-year high in September

The latest data from the Japanese Ministry of Finance (MOF) showed on Thursday, the Japanese investors buying of the US Treasuries rose to the highest

 

Gold is flashing green amid gains in the dollar index

Gold is flashing red in Asia, possibly due to gains in the US dollar – gold’s biggest nemesis.

At press time, the yellow metal is trading at $1,225 –

 

Companies are holding off hosting holiday parties this year — and it may be because of #MeToo concerns

Only 65% of companies say they’re going to hold a holiday celebration this year — the lowest level since the depths of the financial crisis in 2009.

 

Eric Schmidt takes the blame for Google’s social networking failures: ‘I suspect we didn’t fully understand how to do it’

In an interview with economist Tyler Cowen, former Google CEO Eric Schmidt said the company’s older generation of workers didn’t grok social networking.

 

T-mobile’s incredible $300 discount off the $580 OnePlus 6T ends tomorrow, November 8

Anyone who’s even thought about getting the OnePlus 6T should take advantage of this trade-in deal.

 

Hologic stock rises as revenue beats Street view

Hologic Inc. HOLX, +1.95% shares rose in the extended session Wednesday as the medical technology company’s earnings fell short of Wall Street estimat

 

What Will the Dollar and Dow Glean from a Hawkish Fed Hold?

Talking Points: • With the US polls settled, the markets will refocus on more consistent fundamental themes: like monetary policy • The FOMC rate decision is…

 

Will the Dow’s Post-Election Surge Continue and Can the Fed Revive the Dollar?

Talking Points: • The S&P 500 posted its largest single-day rally in months and the Dollar gapped lower post election results • As a market theme, the mid-te…

 

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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