Heads-up News 

New York Trading Session Heads Up Thursday, July 12, 2018

New York opening news digest

Broadcom deal; Papa John steps down; ZTE stock surges

Here’s what you need to know about the markets before you start your business day.

 

With A Whopping Yield Of 11.8%, Energy Transfer Partners Is One Of The Top Dividend Paying Stocks

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.

 

Trade War: China Has Five Weapons At Its Disposal

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

FTSE 100 Analysis: Eyes on Defensive Stocks as Trump Slams NATO

 

GBPUSD Fragile as Downside is Tested

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

 

US Crude Oil Price Rallies After Slump

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

 

Strong U.S. Consumer Price Index (CPI) to Fuel EUR/USD Pullback

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

USDJPY Technical Analysis: Bulls Break 3yr Downtrend, Limited Resistance Ahead

 

GBPUSD Price Analysis – Brexit White Paper Will Direct Sterling

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, CHF/JPY Breakouts Pave Path for Higher Prices

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.

 

FTSE Technical Analysis – Chart Tilted Again in Favor of Sellers

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

 




When is the US CPI and how could it affect EUR/USD?

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

 

US: CPI to edge higher to 2.9% y/y in June – TDS

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.

Key Quotes

 

USD: Generic strength without exception – Westpac

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 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 (YoY) remains unchanged at 0.7% in June

 

Ireland HICP (MoM) down to 0.1% in June from previous 0.6%

Ireland HICP (MoM) down to 0.1% in June from previous 0.6%

 

Ireland Consumer Price Index (YoY) unchanged at 0.4% in June

Ireland Consumer Price Index (YoY) unchanged at 0.4% in June

 

Trump: Right now we are in a nasty trade battle with China

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

South Africa Manufacturing Production Index (YoY) came in at 2.3%, above forecasts (-0.6%) in May

 

ECB policy makers divided on rate rise timings – Deutsche Bank

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

 

AUD/USD risks a visit of 0.7300 – UOB

According to FX Strategists at UOB Group, the Aussie Dollar could slip back to the 0.7300 handle in the next weeks.

Key Quotes

24-hour view: “While

 

Gold clings to modest recovery gains ahead of US CPI

•  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

 




Trump: Trade talks with EU will begin on 25 July

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

 

GBP futures: extra rangebound likely

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

 

Fed’s Mester: Strong economy justifies at least two more rate hikes in 2018 – WSJ

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 Merkel: We just had a very fundamental discussion at NATO

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

 

UK PM May: Chequers plan means that the UK will be able to sign its own trade deals

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

 

US: Fully implemented tariffs to shave off 0.3% of GDP – Deutsche Bank

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

 

EU Commission: Cuts 2018 Euro-zone growth forecast to 2.1% from 2.3%

The European Commission released its latest economic forecasts this Thursday and below are some of the key highlights from the report.

   •  2018 Eur

 

Market tension over trade could ease – Westpac

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

 

USD/CAD pares part of overnight strong gains, weaker below 1.3200 handle

•  Consolidative USD price action does little to provide any fresh bullish impetus.

   •  A goodish rebound in oil prices underpin Loonie and exer

 

EUR futures: further downside not ruled out

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

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 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%)

European Monetary Union Industrial Production w.d.a. (YoY) above expectations (2.1%) in May: Actual (2.4%)

 

Tariffs take away the keys from “Electrified” Nickel – TDS

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

 

ECB: Governing council split on the timing of first hike – Danske Bank

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

 

BoE Credit Conditions Survey Report: Default rates on unsecured lending rose in Q2

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

 

USD/JPY outlook shifted to bullish – UOB

FX Strategists at UOB Group now shifted their short-term outlook on spot to bullish from neutral.

Key Quotes

24-hour view: “The sudden and outsized

 

EUR/JPY stays bid, looks to 131.34/50 – Commerzbank

The cross stays bid and could attempt visit to the 131.34/50 band, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank.

Key Quotes

“EU

 

10 things you need to know before the opening bell

2018U.S. President Donald Trump attends a meeting of the North Atlantic Council during a NATO summit in Brussels, Belgium. Reuters/Francois Lenoir Her

 

‘A big head fake’: Several investors are calling bluff on a major stock-market rotation that could be warning of doom

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 UK is set to concede a major defeat to the EU in its post-Brexit vision for the City of London

“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 shares soar 19% premarket after news of positive trial for severe epilepsy treatment

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 June load factor rises, and so does its fuel cost estimate

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 shares jump 1.9% premarket after earnings beat estimates

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, Freeport-McMoRan stock rally after Rio Tinto sells copper mine interests for $3.5 billion to Inalum

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

 

Daily Market Roundup (July 12, 2018) – By DailyForex

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

 

Cheer Up

Adage:

A $100k account does you no good if you can’t stand to lose $100.
Without risk under control, it will be very hard to survive your learning cuve.
A loss taken quickly brings you closer to a trade that works.
–FuturesTrader71, Morad Askar

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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