Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, July 11, 2018

Frankfurt opening news digest

EUR/USD Technical Analysis: Shy of Reversal as Resistance Holds

The Euro’s attempt to push higher versus the US Dollar has been thwarted by a resistance channel, leaving EUR/USD still shy of a lasting reversal


Asian Stocks Wilt As Trade Worries Take Reins Again, Draghi Eyed

Asian Stocks were hit hard and broadly be news that the US was mulling yet more tariffs on Chinese goods. The Yen got a boost


EUR/USD scope for another test of the mid-1.1800s – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggests another attempt to test the 1.1850 region is likely.

Key Quotes

“EUR/USD is co


Australia: Surprise uptick in housing finance approvals – Westpac

Matthew Hassan, Research Analyst at Westpac, notes that Australian housing finance approvals were firmer than expected in May, the number of owner occ


Italy’s Di Maio: Not thinking about a plan B for Euro exit

Italy’s Deputy PM Di Maio is out on the wires now, via Reuters, with the key headlines found below.

Not thinking about a plan B for Euro exit and the


Poland: NBP to keep its reference rate on hold – TDS

At today’s MPC meeting, there is little doubt that the NBP will keep its reference rate on hold at 1.5%, where it has been since March 2015, according


US: Significant negative shift in sentiment – Danske Bank

Analysts at Danske Bank point out that there was a significant negative shift in sentiment as the US administration announced it is planning to levy a


EUR/USD sidelined around 1.1730 amidst risk-off trade

The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s.



GBP/USD Review: Inside day as the Sterling loses momentum on renewed Brexit fears

The GBP/USD is trading steadily ahead of Wednesday’s London market session, sticking close to 1.3250 after marking an inside day for Tuesday.

This we


FX option expiries for July 11 NY cut

FX option expiries for July 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

– USD/JPY: USD amounts

110.25 505m
111.00 601m


China: Trade war escalates with US – TDS

The escalation of the trade war, with the US administration moving forward with imposing tariffs of 10% on an additional $200bn of Chinese goods, shou


US-Sino trade and BoC amongst market movers today – Danske Bank

According to analysts at Danske Bank, focus will continue be on the escalation in the US-China trade conflict and notably on the Chinese response to t


Australia: Strong economic releases – TDS

Analysts at TD Securities note that the Westpac consumer confidence index for Australia jumped to its highest level since November 20013, and register


Preview: Draghi’s speech at ECB Statistics Conference

The European Central Bank (ECB) President Draghi’s speech is likely to hog the limelight in a data-light European session ahead. Draghi is due to deli


EUR/USD Technical Analysis: Euro heading for 1.17 as bears take hold

EUR/USD Chart, 15-Minute

Spot rate: 

Relative change: 




US Treasuries investors more neutral in latest week: survey – Reuters

The US Treasury investors have turned more neutral this week, a J.P. Morgan survey released on Tuesday showed, according to Reuters. 

The percentage


Gold Technical Analysis: Corrective rally stalled

Hourly chart

Current price: $1,250

Daily High: $1,256

Daily Low: $1,249

Trend: Neutral, corrective rally has stalled


R1: $1,256 (se


US: Small businesses remain optimistic – Nomura

In the US, the NFIB small business optimism index inched down 0.5pp to 107.2 in June, a still-solid reading, notes the research team at Nomura.

Key Q


Canada: Residential construction on track for another record year – NBF

Krishen Rangasamy, Research Analyst at NBF, suggests that Canada’s residential construction is on track for another record year as at least that’s the


GBP/USD Technical Analysis: Brexit and trade concerns see the pair cycling at a midpoint

GBP/USD Chart,15-Minute

Spot rate: 

Relative change: 




Forex Today: Yen unfazed by US-China trade angst-led risk-off, Draghi’s speech eyed

A major turnaround in the risk sentiment was witnessed across the financial markets in Asia, as risk-off seeped back amid a round of fresh threats by


GBP/USD risk reversals hit 13-month low, show strong demand for Puts

The GBP/USD one month 25 delta risk reversals fell to -0.90 yesterday – the lowest level since June 14, 2017.

The negative number indicates the impli


US: Signs of underlying labor market strength – Nomura

Analysts at Nomura point out that in the US, JOLTS job openings declined 202k to 6638k in May, lowering the job openings rate 0.1pp to 4.3%, a still-h


Cheer Up


Go with the flow.


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Have a nice trading!

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