Frankfurt opening news digest
|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 were hit hard and broadly be news that the US was mulling yet more tariffs on Chinese goods. The Yen got a boost|
|Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggests another attempt to test the 1.1850 region is likely.
“EUR/USD is co
|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 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
|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|
|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|
|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.
|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.
|FX option expiries for July 11 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
– USD/JPY: USD amounts
|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|
|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|
|Analysts at TD Securities note that the Westpac consumer confidence index for Australia jumped to its highest level since November 20013, and register|
|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 Chart, 15-Minute
|The US Treasury investors have turned more neutral this week, a J.P. Morgan survey released on Tuesday showed, according to Reuters.
Current price: $1,250
Daily High: $1,256
Daily Low: $1,249
Trend: Neutral, corrective rally has stalled
R1: $1,256 (se
|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.
|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|
|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|
|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
|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|
Go with the flow.
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