Heads-up News 

New York Trading Session Heads Up Friday, December 7, 2018

New York opening news digest

These 3 FTSE 100 Dividend Stocks Are Great Buys For 2019 (And Beyond)

These dividend dynamos could make you a fortune in 2019 and beyond.

 

Charts for Next Week – EUR/USD, USD/JPY, Gold Price & More

The Euro triangle continues to build, so does a bigger one in USD/JPY, while gold has a decision to make at resistance.

 

Lackluster Non-Farm Payrolls (NFP) Report to Fuel EUR/USD Rate Rebound

Signs of limited wage growth may spark a bearish reaction in the U.S. dollar as it dampens the outlook for growth and inflation.

 

Brexit Latest: Rumors and Delays Press Down on Sterling (GBP)

Brexit news and rumors continue to constrain Sterling but GBPUSD may get a slight boost if the US jobs report meets current market expectations.

 

Becoming a Better Trader – What Is Your Trading Style?

In this webinar, I discussed the importance of knowing your approach to markets as well as some tips for knowing which markets and times one

 

CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD

CAD Technical Analysis Overview: USDCAD, CADJPY, EURCAD

 

S&P 500 & Dow Jones Charts: Volatility May Simmer Down After Springboard Bounce

It’s been a wild week of trading with the market tanking into support then posting a fierce rally yesterday; operations need to be focused on

 

Bitcoin, Ethereum, Ripple: Markets Crash to Fresh Yearly Lows

The cryptocurrency market is in full sell-off mode with little or no levels of support seen on the charts. Some coins look oversold using one

 

US Dollar May Rise as Jobs Data Revives Fed Rate Hike Bets

The US Dollar may move higher against most of its major currency counterparts as November’s jobs data suggests a data-dependent Fed need not be dovish.

 

Italy’s Tria agrees with governemnt on budget action – Premier Office

According to the Italian Premier office, Finance Minister Giovanni Tria has agreed with the government on budget actions. 

Meanwhile, Reuters is out

 

EUR/GBP retreats from highs, keeps the 0.8900 handle

EUR/GBP is trading on a firm note at the end of the week, reverting two consecutive sessions with losses albeit still above the 0.8900 barrier.

EUR/G

 




When is the US monthly jobs report (NFP) and how could it affect EUR/USD?

US jobs report overview

Friday’s US economic docket highlights the release of keenly watched US monthly jobs report, popularly known as NFP. The repo

 

China: Upside surprise in foreign reserves data – ING

Iris Pang, economist at ING, notes that China’s foreign reserves rose to a surprising $3.0617 trillion in November from $3.0531 trillion in October.

 

US NFP Preview: Major Banks expectations from November payrolls report

As we step into the last month of this year, it’s time for an all-important US nonfarm payrolls report and as we get closer to the payrolls report rel

 

When is the Canadian monthly jobs report and how could it affect USD/CAD?

Canadian jobs report overview

Statistics Canada will publish its labour market figures for the month of November later during the early North-America

 

UK government spokesman: Brexit vote will go ahead as planned on Tuesday

The UK PM Theresa May’s spokesman – James Slack, addressing the reporters this Friday, reconfirmed that Brexit vote in parliament will go ahead as pla

 

DXY Technical Analysis: Further consolidation expected. The index needs to regain the 97.20 area and above

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:

    Today Last Price: 96.83

    Today Daily change: 6.0 pips

 

India FX Reserves, USD climbed from previous $392.79B to $393.72B in November 30

India FX Reserves, USD climbed from previous $392.79B to $393.72B in November 30

 

India Bank Loan Growth: 15.1% vs 14.9%

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are

 

Chile Trade Balance rose from previous $-217M to $334M in November

Chile Trade Balance rose from previous $-217M to $334M in November

 

Canada: Focus on employment data – TDS

Analysts at TD Securities are looking for the Canadian job growth to pick up to 25k in November (market: 10k), led by further strength in services.

K

 

Markets: What is most important in the week ahead? – Nordea Markets

Martin Enlund, analyst at Nordea Markets, suggest that next week has a fair amount of key releases on offer but begins with European politics, with EC

 

US: Focus on NFP and consumer sentiment data – TDS

According to analysts at TD Securities, in the US session nonfarm payrolls for November will provide the main risk event, with TD looking for an above

 




Chile Consumer Price Index (Inflation) (MoM) registered at 0%, below expectations (0.08%) in November

Chile Consumer Price Index (Inflation) (MoM) registered at 0%, below expectations (0.08%) in November

 

Chile Core Consumer Price Index (Inflation) (MoM) declined to 0% in November from previous 0.1%

Chile Core Consumer Price Index (Inflation) (MoM) declined to 0% in November from previous 0.1%

 

Brazil IPCA Inflation below expectations (-0.1%) in November: Actual (-0.21%)

Brazil IPCA Inflation below expectations (-0.1%) in November: Actual (-0.21%)

 

US: Leading growth indicators are still looking strong – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, suggests that the macro data in the US continues to suggest an economy growing at pace that is well above

 

EUR/USD unchanged around 1.1370 post-EMU GDP

The demand for the single currency stays subdued at the end of the week, with EUR/USD navigating the 1.1370/80 band.

EUR/USD now looks to US calendar

 

US Dollar Index approaches 97.00 ahead of NFP

The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, is trading on a better tone and is getting closer to 97.00 the figur

 

Gold Technical Analysis: Bulls gearing up for a move beyond Thursday’s near 5-month tops

•  The commodity has been steadily climbing alongside an ascending trend-channel formation on intraday charts and is currently placed at the middle

 

European Monetary Union Gross Domestic Product s.a. (YoY) came in at 1.6%, below expectations (1.7%) in 3Q

European Monetary Union Gross Domestic Product s.a. (YoY) came in at 1.6%, below expectations (1.7%) in 3Q

 

European Monetary Union Employment Change (QoQ) meets forecasts (0.2%) in 3Q

European Monetary Union Employment Change (QoQ) meets forecasts (0.2%) in 3Q

 

European Monetary Union Employment Change (YoY) in line with expectations (1.3%) in 3Q

European Monetary Union Employment Change (YoY) in line with expectations (1.3%) in 3Q

 

European Monetary Union Gross Domestic Product s.a. (QoQ) meets forecasts (0.2%) in 3Q

European Monetary Union Gross Domestic Product s.a. (QoQ) meets forecasts (0.2%) in 3Q

 

Saudi oil minister: Not confident that there will be a deal today – RTRS

Reuters is out with comments by Saudi oil minister and sounded less confident over reaching an agreement on cutting oil production.

In the meantime,

 




EUR/JPY Technical Analysis: Neutral bias unchanged. A test of 126.60 remains on the cards

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:

    Today Last Price: 128.32

    Today Daily change: 4.0 pips

 

Central Bank of Russia preview: Inflation pressure is rising – Nordea Markets

Tatiana Evdokimova, research analyst at Nordea Markets, believes that a rate hike by CBR is marginally more likely in its last meeting this year next

 

GBP/USD weakens back below mid-1.2700s

•  Persistent Brexit uncertainties continue to dent sentiment around the GBP.

   •  A modest USD uptick further collaborates to the ongoing retrac

 

EUR/USD Technical Analysis: Resistance line at 1.1403 continues to cap the upside

EUR/USD daily chart

 

 

 

 

 

 

 

 

 

 

 

 

EUR/USD

Overview:

    Today Last Price: 1.1375

    Today Daily change: -7.0 pips

    T

 

CWS Market Review – December 7, 2018 Crossing Wall Street

Apparently no one told Wall Street that it’s Christmastime. Of course, there are certainly are a lot of grinches in well-tailored suits wandering the

 

A top cannabis CEO talks about what’s next following a $300 million merger, and says he’s playing ‘Risk’ while his competitors are playing ‘Monopoloy’

Marijuana retailer 4Front is targeting ‘oligopoly states,’ with limited licenses and large markets, Josh Rosen, the company’s CEO said.

 

10 things you need to know before the opening bell

Here is what you need to know.

 

GOLDMAN SACHS: Options traders are signaling that these areas of the market will surge in 2019

Goldman Sachs looked at the options market and pinpointed the areas of the market that are the most likely to surge higher in 2019.

 

Venezuela is coming to get its $550 million of gold at the Bank of England

Venezuela’s finance minister and central bank governor are set to meet a Bank of England official. The BoE is seeking “clarity” before returning it.

 

The City of London is raising the odds that Brexit won’t actually happen

Both JPMorgan and Nomura say their outlook has shifted, and now see the prospect of staying in the EU as having about a 40% chance.

 

Altria to invest C$2.4 billion in Canadian cannabis company Cronos

Canadian cannabis company Cronos Group Inc. CRON, -2.70% CRON, +7.95% said Friday that tobacco giant Altria Group Inc. MO, +0.00% has agreed to make a

 

Vail Resorts reports wider-than-expected loss as sales miss

Vail Resorts Inc. MTN, +0.80% reported Friday a fiscal first-quarter net loss that widened to $107.8 million, or $2.66 a share, from $28.4 million, or

 




Southwest’s November load factor fell as capacity growth outpaced traffic’s rise

Southwest Airlines Co. LUV, +1.52% reported Friday November load factor that declined to 84.5% from 85.8% a year ago, as seat supply growth outpaced t

 

Big Lots’ stock set to sink after wider-than-expected loss, outlook cut

Shares of Big Lots Inc. BIG, -3.84% were indicated down nearly 8% in premarket trade Friday, after the discount home furnishings and food retailer rep

 

Charts for Next Week – EUR/USD, USD/JPY, Gold Price & More

The Euro triangle continues to build, so does a bigger one in USD/JPY, while gold has a decision to make at resistance. #eurusd #usdjpy #gold -Subscribe to D…

 

Trading the #NFP | IG Live

Joins us LIVE at 1.25pm today for the NFP announcement. Will it be above or below the 200K forecast and how will it affect the dollar? Subscribe: https://www…

 

Why is oil on the slide?

Nitesh Shah, director of research at WisdomTree, said OPEC has failed to reach a conclusion on an oil production cut so far this week, which is why the price…

 

Cheer Up

Adage:

Gap Up – a stock that has a higher opening price than a closing one was the day before, and will go down if you buy it, but will continue to go up if you sell it.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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