Heads-up News 

London Trading Session Heads Up Thursday, November 8, 2018

London opening news digest

Asia Pacific Stocks Climb but Fed May Cap Gains as S&P 500 Falls

Asia Pacific stocks followed Wall Street higher via gaps to the upside. ASX 200 extended climb. Ahead, the Fed may bolster the US Dollar while

 

France Trade Balance EUR came in at €-5.66B, above expectations (€-6.1B) in September

France Trade Balance EUR came in at €-5.66B, above expectations (€-6.1B) in September

 

France Individual Investment (Current Year) fell from previous 4% to 1% in 4Q

France Individual Investment (Current Year) fell from previous 4% to 1% in 4Q

 

France Exports, EUR dipped from previous €41.32B to €40.42B in September

France Exports, EUR dipped from previous €41.32B to €40.42B in September

 

France Imports, EUR: €46.08B (September) vs previous €46.96B

France Imports, EUR: €46.08B (September) vs previous €46.96B

 

France Current Account down to €-1.9B in September from previous €-1.6B

France Current Account down to €-1.9B in September from previous €-1.6B

 

US: Consumer credit expansion slowed slightly in September – Nomura

In the US, consumer credit expansion slowed slightly in September, rising $10.9bn to $3.95tn, notes the research team at Nomura.

Key Quotes

“For the

 

US Congress: Divided they stand – Westpac

In the recently concluded US midterm elections, President Trump’s Republican colleagues strengthened their hold in the Senate but lost the House for t

 

Germany: Trade balance narrowed to €17.6 billion in September – ING

Carsten Brzeski, Chief Economist at ING, points that in September, German exports dropped by 0.8% month-on-month from a slightly upwardly revised 0.1%

 

FX option expiries for Nov 8 NY cut

FX option expiries for Nov 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

EUR/USD: EUR amounts

1.1417 596m 
1.1600 2.7bn

USD/JPY

 

Fed: No change in rates coming – Danske Bank

Analysts at Danske Bank do not expect the Fed to hike the Fed funds rate tonight at 20:00 CET (in line with consensus and market pricing).

Key Quotes

 




Germany Trade Balance s.a. came in at €17.6B, below expectations (€18B) in September

Germany Trade Balance s.a. came in at €17.6B, below expectations (€18B) in September

 

Germany Imports (MoM) came in at -0.4%, below expectations (0.8%) in November

Germany Imports (MoM) came in at -0.4%, below expectations (0.8%) in November

 

Germany Exports (MoM) registered at -0.8%, below expectations (0.3%) in September

Germany Exports (MoM) registered at -0.8%, below expectations (0.3%) in September

 

GBP/USD Technical Analysis: Bolstered at 1.3130 on Brexit hopes

GBP/USD M5

Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed

 

Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.5%) in October

Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.5%) in October

 

Italian Press: EU said to see Italy’s 2019 deficit at 2.9% under current proposal

According to multiple reports carried by the Italian media, the European Union (EU) is said to see Italy’s 2019 deficit at 2.9% under the current prop

 

Riksbank: NOK and DKK added to currency reserve – Danske Bank

The research team at Danske Bank point out that yesterday, the Riksbank announced it plans to add NOK and DKK to its currency reserve portfolio, meanw

 

EUR/USD Technical Analysis: Strangling just above 1.1400

EUR/USD M5

Hourly candles have the Fiber making rough plays for higher ground, but bullish moves are getting rejected by stiff shortselling from

 

Fed Preview: Sticking to the script – ING

According to James Knightley, Chief International Economist at ING, a strong domestic story of the US economy means the Federal Reserve will continue

 

Forex Today: US dollar extends post-US election recovery ahead of FOMC decision

Forex today in Asia was characterized by minimal volatility and tight trading ranges, as the dust settled over the US mid-term elections aftermath.  T

 

Oil: Focus on OPEC+ meet – Danske Bank

Analysts at Danske Bank point out that the oil market has had to digest a lot of news this week as at the beginning of the week the market had to cope

 

China: Strong exports and imports data – TDS

Analysts at TD Securities note that China’s both exports and imports in Oct were much stronger than consensus at 15.6% y/y and 21.4% y/y respectively

 




China oil imports on a daily basis hit all-time high in October – Reuters News

China’s crude oil imports in October rose to 40.80 million tonnes, which amounts to 9.61 million barrels per day, an all-time high based on Reuters ca

 

Moody’s: Trade and geopolitical tensions between US & China will hurt global growth – Reuters News

Ratings agency Moody’s take on global growth, rising geopolitical and trade tensions between the US and China, and USMCA is crossing the wires via Reu

 

Cheer Up

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Trading is a game of adjustments.

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Have a nice trading!




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