New York opening news digest
|Here’s what you need to know about the markets before you start your business day.|
|ETP is currently sitting at the top of CressCap’s Equity Yield Hunter list and is worth taking a look at if you’re on the hunt for dividends.|
|China can really shift the ground for the US firms and it has a number of options at its disposal. The world GDP would suffer from trade war but by much, it is difficult to say because of no precedent.|
|FTSE 100 Analysis: Eyes on Defensive Stocks as Trump Slams NATO|
|On the day the UK publishes its Brexit plans and Trump visits the country, GBPUSD is at a critical point technically and could well break|
|The price of US crude oil is recovering after Wednesday’s tumble that was due largely to news that Libya is reopening four oil export terminals|
|Updates to the U.S. Consumer Price Index (CPI) may generate a larger pullback in EUR/USD as the headline and core reading for inflation are expected|
|USDJPY Technical Analysis: Bulls Break 3yr Downtrend, Limited Resistance Ahead|
|The British Pound is on edge as UK Prime Minister Theresa May releases the controversial Brexit White Paper, a document that has already sparked the|
|USD/JPY and CHF/JPY have been generally quiet as price action coiled up, but with breakouts yesterday the path of least resistance is clearly higher now.|
|The FTSE was hit hard yesterday with global markets as a whole, the decline came from a point of resistance and keeps the trend off|
|US June CPI Overview
Thursday’s US economic docket highlights the release of latest consumer inflation data and is due for release later during the e
|Analysts at TD Securities are on-consensus for June CPI of US and look for inflation to edge higher to 2.9% y/y, with prices up 0.2% m/m.
|A deteriorating global trade picture is of course unambiguously negative EM FX and could have been expected to produce a more mixed picture vs G10 (i.|
|Ireland Consumer Price Index (MoM) dipped from previous 0.6% to 0.1% in June|
|Ireland HICP (YoY) remains unchanged at 0.7% in June|
|Ireland HICP (MoM) down to 0.1% in June from previous 0.6%|
|Ireland Consumer Price Index (YoY) unchanged at 0.4% in June|
|Continuing with his earlier comments in Brussels, the US President Donald Trump said that right now we are in a nasty trade battle with China but it w|
|South Africa Manufacturing Production Index (YoY) came in at 2.3%, above forecasts (-0.6%) in May|
|Analysts at Deutsche Bank note that yesterday in Europe, Reuters cited unnamed officials who noted ECB policy makers are divided on when the ECB will|
|According to FX Strategists at UOB Group, the Aussie Dollar could slip back to the 0.7300 handle in the next weeks.
24-hour view: “While
|• Short-covering helps stage a modest recovery from over 1-week lows.
• A combination of negative factors keeps a lid on any meaningful up-mo
|The US President Donald Trump, speaking on the sidelines of NATO Summit, was noted saying that trade talks with EU will begin on July 25 and if they d|
|In light of advanced figures for GBP futures markets from CME Group, investors added around 1.5K contracts to their open interest positions on Wednesd|
|Cleveland Fed President Loretta Mester, as quoted in a report published in the Wall Street Journal, said that solid US economic growth, low unemployme|
|German Chancellor Angela Merkel, speaking on the sideline of NATO summit, was noted saying that we had a very intense summit and there was a very fund|
|The UK PM Theresa May was out on the wires in the last hour, saying that Brexit deal respects the people’s will and Chequers plan means an end to free|
|According to Zhiwei Zhang, China Chief Economist at Deutsche Bank, if fully implemented, the impact of the tariffs on the real economy would be 0.3% o|
|The European Commission released its latest economic forecasts this Thursday and below are some of the key highlights from the report.
• 2018 Eur
|The global risk mood was strong out of the US Independence Day holiday, with 4 consecutive daily gains in the S&P 500 by Tuesday’s close, but shortly|
|• Consolidative USD price action does little to provide any fresh bullish impetus.
• A goodish rebound in oil prices underpin Loonie and exer
|According to CME Group’s preliminary figures for EUR futures markets, open interest increased moderately by almost 21.7K contracts on Wednesday from T|
|Greece Unemployment Rate (MoM) rose from previous 20.1% to 20.2% in April|
|European Monetary Union Industrial Production s.a. (MoM) above expectations (1.2%) in May: Actual (1.3%)|
|European Monetary Union Industrial Production w.d.a. (YoY) above expectations (2.1%) in May: Actual (2.4%)|
|Analysts at TD Securities point out that the first battle in the US-China trade sent nickel prices sharply lower, but a lull in news flow with regards|
|An ECB sources story that governing council members are split on the timing of first hike hit the wires on yesterday afternoon, notes the research tea|
|Below are some of the key results from the BoE’s Credit Conditions Survey report, released this Thursday.
• Q3 default rates for lenders of unsec
|FX Strategists at UOB Group now shifted their short-term outlook on spot to bullish from neutral.
24-hour view: “The sudden and outsized
|The cross stays bid and could attempt visit to the 131.34/50 band, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.
|2018U.S. President Donald Trump attends a meeting of the North Atlantic Council during a NATO summit in Brussels, Belgium. Reuters/Francois Lenoir Her|
|BI PRIME: Defensive sectors of the stock market have recently outperformed cyclical growth sectors. Strategists at Morgan Stanley, Bank of America, and elsewhere have offered different analyses of what this implies.|
|“The new model is like cohabitation, with close collaboration, a shared approach to finances and decisions and obligations to each other, but ultimately separate people making their own choices.”|
|Zogenix Inc. shares ZGNX, +0.11% soared about 19% in premarket trade Thursday, after the biotech reported positive results in a late-stage trial of a|
|JetBlue Airways Corp. JBLU, -1.08% reported June load factor that rose 150 basis points (1.5 percentage points) to 87.0%, as a 7.8% rise in traffic ou|
|Delta Air Lines Inc. DAL, -1.50% said Thursday it had net income of $1.025 billion, or $1.47 a share, in the second quarter, down from $1.19 billion,|
|Rio Tinto PLC RIO, -5.03% and Freeport-McMoRan Inc. FCX, -3.87% announced Thursday a deal for the sale of Rio Tinto’s interest in the Grasberg copper|
|For more daily news and technical analysis visit: http://www.dailyforex.com|
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