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Frankfurt Trading Session Heads Up Thursday, October 12, 2017

Frankfurt opening news digest

How To Turn GE Around

Over Jack Welch’s twenty-year tenure, GE spun-off 113 divisions, in a legendary turnaround.

 

USD: Is This The Start Of A L-Term USD Bear Market Cycle? Where To Target? – Citi

Citi Research brings back the attention of FX traders to the cycles on the USD Index (DXY) long-term charts.”Since 1975, USD bull cycles have lasted 5-6 years on average while bear cycles have lasted around 10 years. The latest USD bull cycle started in 2011.According to past experience, this bull cycle may have ended and may start a bear

 

AUD/USD: On Alert For Bullish Confirmation But Patience Required: Levels & Targets – NAB

NAB FX Technical Strategy Research maintains its bullish bias on AUD/USD arguing that from a price perspective the positive outlook that have been identified in recent months remains in play.”Additional bullish confirmation will be achieved with  a monthly close above the 50-month MA at 0.8008. Momentum bias has turned against t

 

EUR/USD: Is EUR out of the Catalan woods? What’s The Trade? – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses the EUR outlook following the temporary suspension of the Catalan independence referendum results yesterday.”In all, we believe that yesterday’s decision may take the edge off the “Catalan independence drama” to a degree and may even transform it into a drawn-out negotiation

 

USD: FOMC Minutes: Nothing New Of Great Importance; Dec Hike Base Case – Danske

Danske Research comments on today’s FOMC minutes from the September meeting:”In our view, there was nothing new of great importance in the FOMC minutes, as we already know the different positions among the FOMC members. This also explains why markets did not react to the minutes. It remains our base case that the Fed hikes in December

 

EUR/USD Technical Analysis: Euro Down Trend Remains Intact

The Euro has mounted a spirited recovery against the US Dollar after finding support near the 1.17 figure but the dominant trend bias still favors

 

Nikkei 225 Technical Analysis: Time to Pause Before Pushing On?

The Nikkei 225 should probably pause after a breakneck run up to near-21-year peaks, but there is little in the charts to suggest that a

 

Australian Dollar Gets a Boost From Higher Inflation Expectations

The Australian Dollar received a modest boost after October’s consumer inflation expectations survey saw a larger portion of participants concerned about price increases.

 

Japanese Yen Ticks Higher as Producer Prices Match Expectations

There was no huge Japanese Yen reaction to producer price numbers Thursday but both they and consumer prices are at least heading higher as the

 

Asia AM Digest: NZ Dollar May See Volatility on Confidence Data

The New Zealand Dollar may turn volatile as a gauge of consumer confidence from ANZ Bank hints at the extent to which political uncertainty has

 

Google will permanently disable a control on its new $50 speaker after the gadget listened in on some users

Google Home Mini is losing the ability to use it by touching the button on the top, after a reviewer raised concerns that it was recording without his consent.

 




A record number of Americans are fed up with Trump’s Twitter antics

The majority of voters also say the US’s economy is in good shape, but most disapprove of how Donald Trump is handling the presidency.

 

Elon Musk’s SpaceX launches its third refurbished rocket this year

Elon Musk’s SpaceX on Wednesday successfully launched a reused Falcon 9 rocket for the third time this year. Overall, it was the private space company

 

Cheer Up

Adage:

Did you hear this one? Some message board poster told me I would go blind if I

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Have a nice trading!




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