Heads-up News 

London Trading Session Heads Up Thursday, December 6, 2018

London opening news digest

Yen and Franc Aim Higher as US, China Trade Détente Hopes Fade

The anti-risk Japanese Yen and Swiss Franc are aiming higher on fading hopes US/China trade war de-escalation after the arrest of Huawei CFO Wanzhou Meng.

 

Nikkei 225 Aims For 2018 Lows, S&P 500 May Gap Down as Yen Gains

Nikkei 225 headed for worst performance in about six weeks amidst US China trade war relief pessimism. Wall Street likely to gap lower as Yen

 

OPEC delegates: Waiting to hear from Russia before deciding oil output reduction

OPEC delegates, on the sidelines a closely watched meeting, said the cartel is waiting to hear how much oil output Russia will cut before deciding its

 

EU’s Moscovici: Real dialogue with Italy has commenced

The European affairs minister Pierre Moscovici crossed the wires in the last hour and said that said that real dialogue with Italy has commenced. We a

 

GBP futures: keeps the cautious tone

According to preliminary figures for GBP futures markets from CME Group, investors trimmed their open interest positions by just 633 contracts on Wedn

 

Australia: National account to be game changer? – Westpac

According to Sean Callow, Research Analyst at Westpac, Australia’s national accounts can be game-changers for financial markets, with Q3 GDP reported

 

EUR/USD weaker, drops to lows near 1.1320

The sentiment around the single currency appears deteriorated early in the European morning and is now dragging EUR/USD to fresh daily lows in the 1.1

 

DUP’s Wilson reiterates that party will vote against UK PM Theresa May’s Brexit deal

Reuters reports the latest comments by the Northern Irish Democratic Unionist Party (DUP) member Sammy Wilson, as he reiterates that the party will vo

 

Oil: Prices guided by the risk sentiment – Danske Bank

Analysts at Danske Bank suggest that oil prices are being weighed down by the souring risk sentiment, which blurs the picture of what is priced into o

 

China’s commerce ministry: Closely monitoring changes in trade conditions

China’s Commerce Ministry was out with a statement in the last hour, saying that front-loading amongst exporters were not the main drivers for China’s

 

GBP/USD to remain offered – Commerzbank

Karen Jones, Analyst at Commerzbank, suggests that the GBP/USD is sitting near the bottom of its 4 month trading range and will find initial resistanc

 




FX option expiries for Dec 6 NY cut

FX option expiries for Dec 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

– EUR/USD: EUR amounts

1.1200 923m
1.1300 1.2bn
1.1350

 

OPEC meet in focus today – Danske Bank

Analysts at Danske Bank suggest that OPEC will meet today to discuss potential production cuts in 2019 and will be a key event for today’s session.

K

 

EUR futures: further decline not ruled out

Open interest in EUR futures markets dropped by nearly 9.5K contracts on Wednesday vs. Tuesday’s final 545,537 contracts, according to advanced figure

 

USD/JPY off lows, but holds weaker below 113.00 handle

•    A fresh wave of global risk-aversion trade underpins JPY’s safe-haven status.

   •  US bond yield inversion weighing on USD and adds to the s

 

EUR/USD Technical Analysis: caught in a wedge, looking for a break away from 1.1350

EUR/USD, 5-Minute

The past two weeks show the Fiber forming into a rough sideways channel, and deviations are continuing to favour a return to t

 

Germany Factory Orders n.s.a. (YoY) dipped from previous -2.2% to -2.7% in October

Germany Factory Orders n.s.a. (YoY) dipped from previous -2.2% to -2.7% in October

 

Germany Factory Orders s.a. (MoM) registered at 0.3% above expectations (-0.4%) in October

Germany Factory Orders s.a. (MoM) registered at 0.3% above expectations (-0.4%) in October

 

Fitch: Indian Rupee to weaken to 75 vs. USD by end-2019

According to the latest report released by Fitch Ratings on Thursday, the US-based rating agency expects the Indian National Rupee (INR) to weaken to

 

GBP/USD Technical Analysis: Strangling near 1.2700

GBP/USD, 5-Minute

The past two weeks have seen the Cable moving in a sluggish downtrend, marked by consolidation periods separated by rough chop

 

Australia: Retail sales edge ahead – Westpac

Matthew Hassan, Research Analyst at Westpac, points out that Australian retailers reported a 0.3% lift in sales in October, in line with market expect

 

EUR/USD: Relatively side lined near term – Commerzbank

Karen Jones, Analyst at Commerzbank, suggests that the EUR/USD market is relatively neutral after it has remained side lined near term as the pair is

 

Italy’s PM Conte to present Budget plan to EU’s Juncker on Tuesday

According to the latest headlines carried by various Italian daily newspapers, the nation’s PM Conte is likely to present the budget plan to the EU’s

 




Forex Today: Risk-off at full steam in Asia, a quiet session ahead

Risk-off sentiment remains the main underlying theme in Asia across the financial markets this Thursday, mainly driven by the renewed tensions between

 

China ‘outrage’ following Canadian arrest of Huawei CFO – Bloomberg

As reported by Bloomberg, tensions are back on the rise between the US and China following the Canadian arrest of Huawei’s global CFO, who is set to b

 

S&P 500 Index to peak in 2019 – BofA Merrill Lynch

According to analysts at Bank of America Merrill Lynch, US earnings growth is likely to slow in 2019, even though the near-term outlook remains somewh

 

Cheer Up

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