Heads-up News 

New York Trading Session Heads Up Thursday, December 6, 2018

New York opening news digest

FTSE 100 & DAX Break Crucial Support as Trade Wars and OPEC Inspire Losses

FTSE 100 & DAX Break Crucial Support as Trade Wars and OPEC Inspire Losses

 

US Dollar Price Action Needs NFP Confirmation, Huawei Hammers Risk

The US dollar basket (DXY) pushes back above trendline support despite lower nominal US yields and short-dated UST yield inversions. US-China tensions ramp up after

 

OPEC Latest: Oil Prices Renew Sell-Off Ahead of OPEC Meeting

OPEC Latest: Oil Prices Renew Sell-Off Ahead of OPEC Meeting

 

EUR/USD Triangle Nearing its Apex, Ready for a Breakout

The Euro has been chopping around within a narrowing range the past couple of weeks, but that won’t last forever and a directional move, even

 

GBPUSD: Sterling Support Remains Fragile as Brexit Chaos Continues

UK PM May is facing rebellion from inside her party and heavy criticism from outside and talk is now circulating that the Brexit vote in

 

A Brief History of Major Financial Bubbles, Crises, and Flash-crashes

There’s a rich history of financial bubbles and manias, varying in scale and economic impact. Read about major market bubbles and flash crashes all traders

 

DXY Technical Analysis: The greenback stays supported by the short-term support line. Still targets 97.53

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:

    Today Last Price: 97.03

    Today Daily change: 0.0 pips

 

United States Challenger Job Cuts: 53.073K (November) vs previous 75.644K

United States Challenger Job Cuts: 53.073K (November) vs previous 75.644K

 

EUR/USD Technical Analysis: Bearish consolidation patterns point to further near-term weakness

•  The pair has been oscillating within a broader trading range, below 100-hour SMA, since the early North-American session on Tuesday.

   •  The

 

USD/JPY: Near term dips to be limited to 111.75 – Westpac

Robert Rennie, analyst at Westpac, suggests that they have stuck with a neutral bias for USD/JPY for some time with the strong caveat that we would sw

 

AUD/USD steadies near 0.7200

After losing nearly 100 pips on Wednesday, the AUD/USD pair extended its slide today and touched its lowest level in 9 days as the AUD weakened amid d

 




UK’s Hammond: PM May’s deal is a sensible compromise

The UK finance minister Philip Hammond, during the parliament debate on Brexit deal, was noted saying that leaving the EU will have an economic cost a

 

Canada: Trade data and BoC Poloz in focus – TDS

Analysts at TD Securities suggest that the BoC’s Governor Poloz will deliver an Economic Progress Report at 8:35 ET as a follow-up to the December mee

 

Eurozone: Moderation in growth and inflation – Westpac

Tim Riddell, research analyst at Westpac, explains that the latest round of national and Eurozone PMIs and inflation reports, as well as several natio

 

GBP/USD holds comfortably above 1.2700 handle ahead of US data

•  Market participants remain non-committal amid persistent Brexit uncertainties.

   •  Risk-on mood further collaborated towards keeping a lid on

 

UK PM May Spokesman: PM is talking to ministers, lawmakers this week leading up to vote on Brexit deal

British Prime Minister Theresa May’s spokesman recently crossed the wires saying that the PM was talking to ministers and lawmakers this week leading

 

USD/JPY stays in red below 113 ahead of US data dump

After staying under pressure during the Asian session, the USD/JPY pair recovered above the 113 but failed to preserve its momentum and dropped back i

 

US: Trade and employment data in the limelight – TDS

Analysts at TD Securities point out that in the US session, international trade for October will be published at 8:30 ET alongside jobless claims and

 

ECB: One done but not a lot more to come – ING

According to Carsten Brzeski, Chief Economist at ING, with the end of the ECB’s net asset purchases, at least one unconventional measure should be she

 

USD/CAD surges to mid-1.3400s, highest since June 2017

•  Bearish BoC policy statement continues to weigh on the CAD.

   •  A slump in crude oil prices further dent sentiment around Loonie. 

   •  Foc

 

NZD/USD: Supported by the NZ data – Westpac

Imre Speizer, research analyst at Westpac, suggests that the NZD/USD continues to benefit from a string of positive NZ data surprises lately, as well

 

Iran’s OilMin: Oil price of $ 60-70 acceptable to most OPEC members

Reuters reports the following comments by the Iranian Oil Minister, as he speaks on the sidelines of the OPEC meeting.

Iran will stay in OPEC will no

 

EU’s Barnier reiterates unprecedented deal with the UK on offer

The European Union (EU) Chief Brexit Coordinator Michel Barnier was on the wires now, via Reuters, noting the following.

Reiterates unprecedented dea

 




WTI down 4%, breaches $ 51 on talks of smaller-than-expected OPEC output cuts

WTI (oil futures on NYMEX) changed course and dropped more than $ 2 to hit fresh four-day lows just under the 51 handle, as the bears fought back cont

 

EUR/SEK Technical Analysis: Bearish ‘outside day’ prompts further pullbacks

EUR/SEK daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/SEK

Overview:

    Today Last Price: 10.2258

    Today Daily change: 4.1e+2 pips

 

Greece Unemployment Rate (MoM) dipped from previous 18.9% to 18.6% in September

Greece Unemployment Rate (MoM) dipped from previous 18.9% to 18.6% in September

 

Iraq OilMin: We are optimistic there will be an overall agreement at OPEC

Following the comments by the Saudi Energy Minister Al-Falih, his Iraqi counterpart is on the wires, commenting on the OPEC output cuts policy.

Key P

 

RBA’s Debelle: Will see how data goes for next few months, reassess outlook if need to

More comments flowing in from the RBA Assistant Governor Debelle, as he continues to speak about the central bank’s monetary policy path.

Will see ho

 

EUR/SEK clinches daily highs above 10.2100

The Swedish Krona is trading on the defensive in the second half of the week, lifting EUR/SEK to fresh daily highs around 10.21, where sits the 55-hou

 

Saudi OilMin Al-Falih: There is no agreement yet to cut oil production

Saudi Arabia’s Energy Minister Al-Falih is reported by Reuters, as saying:

Optimistic there will be an overall agreement.

Hopes to conclude somethin

 

UK Brexit Sec. Barclay: UK government position is Article 50 won’t be reopened

UK Brexit Secretary Barclay is on the wires now, noting that the UK government position is Article 50 won’t be reopened.

 

Libyan NOC: No precedent for oil cuts from nation in Libya’s position

Livesquawk is out with the latest comments by the Libyan National Oil Company (NOC), with the key headlines found below.

No precedent for oil cuts fr

 

AUD to find buyers on dips under 0.7200 – Westpac

Sean Callow, Research Analyst at Westpac, points out that the AUD/USD pair on Mon-Tue reached highs since August and since then however, it has been o

 

US dollar’s surge this year to reverse in 2019 – Reuters poll

A Reuters poll of foreign exchange strategists showed on Thursday, the US dollar is set to reverse this year’s solid upsurge in 2019 amid US economic

 

AUD/USD Technical Analysis: Oversold conditions warrant some consolidation before next leg lower

•  The pair extended this week’s sharp retracement slide near five-month tops and has been trending lower alongside a short-term descending trend-c

 




South Africa Business Confidence Index climbed from previous 95.8 to 96.1 in November

South Africa Business Confidence Index climbed from previous 95.8 to 96.1 in November

 

As the market hurtles towards disaster in 2019, one expert reveals the ‘deus ex machina’ that could save the day — and breaks down how it could happen

INTL FCStone strategist Vincent Deluard reveals one development that could save markets in 2019, and lays out the four ways it could happen.

 

One of the biggest US homebuilders just sounded the alarm on a slowdown — here are the housing stocks traders are betting can sink further | Markets Insider

Ticker: IBP Short interest: $77 millionShort interest change in 2018: +$8.2 millionYear-to-date performance: -54%Source: S3 Partners

 

There’s a simple reason people aren’t buying iPhones like they used to (AAPL) | Markets Insider

Apple shares fell more than 4% Tuesday amid growing concerns around a slowing iPhone cycle.
At least four of the tech giant’s suppliers have cut their own…

 

US stocks are set to crater again after Huawei CFO’s arrest adds to China trade-war jitters

China fired back after the US-led arrest of a Huawei executive. That sent US futures and global stocks, already jittery on trade-war fears, tumbling.

 

Children’s Place’s stock plunges after earnings beat, but profit and margin outlook lowered

Shares of Children’s Place Inc. PLCE, -4.48% tumbled toward a 13-month low in premarket trade Thursday, after the children’s apparel retailer beat fis

 

Lyft files registration statement with SEC in preparation for IPO

Lyft Inc. said Thursday it has “confidentially” filed a registration statement with the Securities and Exchange Commission for its proposed initial pu

 

Lands’ End profit and revenue rise, as same-store sales jump nearly 12%

Lands End Inc. LE, -0.28% reported Thursday fiscal third-quarter net income that rose to $3.3 million, or 10 cents a share, from $162,000, or 1 cent a

 

Aphria to review LATAM acquisition in face of ‘inaccurate’ allegations by short sellers

Shares of Aphria Inc. APHA, -25.45% sank 8.4% in premarket trade Thursday, after the Canada-based cannabis company said it has appointed a special com

 

Oil prices tumble over 4% over uncertainty surrounding OPEC production cut

Oil prices tumbled Thursday, as investors grappled with a lack of clarity and signs of a lack of consensus over a decision on a production cut at an O

 

ملخص اسواق العملات ليوم الخميس 2018/12/06 من موقع ديلي فوركس

لمزيد من الأخبار و التحليلات اليومية قم بزيارة: http://arab.dailyforex.com/

 




Daily Market Roundup (December 06, 2018) – By DailyForex

For more daily news and technical analysis visit: https://www.dailyforex.com

 

Nuformix pushes ahead with fibrosis drug

With oncology and fibrosis treatments in the pipe, chief executive officer (CEO) of Nuformix, Dr Daniel Gooding, tells IG that recent evidence suggests that …

 

Will the Hang Seng drive lower 6th December 2018

David talks about the recent drop in Hang Seng, and discusses the possibility of further losses. Get the latest daily analysis on key markets such as US 30, …

 

Cheer Up

Adage:

– Who dropped a wad of notes with an elastic band round them?
– I did!
– Well, heres the elastic band.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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