Heads-up News 

New York Trading Session Heads Up Thursday, November 8, 2018

New York opening news digest

Fed Officials May Soon Clash on Need for Further Rate Rises

There’s a reason Federal Reserve officials may soon start to disagree about whether to continue raising interest rates.

 

Stocks Look Exciting? Emotional ‘Bull Traps’ Do That, So Consider Selling

Some rising markets should be used as selling opportunities

 

China’s Tech Fortunes Tumble As Investors Turn Away From Public Listings

Many Chinese entrepreneurs have been lifted to billionaire status following the public debut of a slew of tech firms, but their fortunes are now sliding amid skepticism of the companies’ future prospects.

 

FTSE Chart Analysis – Watching Short-term Price Action for Next Move

The FTSE stabilized in recent sessions, but can it continue? In this article a couple of scenarios are highlighted which have differing outcomes.

 

EURUSD Outlook Still Positive Technically After Mixed EU Forecasts

The European Commission and the ECB have published mixed reports on the prospects for the Eurozone economy but the technical outlook for EURUSD remains constructive.

 

USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision

USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision

 

Gold, Crude Oil Prices May Accelerate Lower on Upbeat FOMC

Gold and crude oil prices may accelerate downward as an upbeat statement from the Federal Reserve boosts rate hike speculation and sends the US Dollar

 

Italy EconMin Tria: EU forecast in sharp contrast with Italy’s estimates

Italy’s Finance Minister Giovanni Tria was out on the wires in the last hour and confirmed government’s commitments to 2.4% 2019 deficit.

Key quotes:

 

EUR/USD finds some support near 1.1400 handle, focus remains on FOMC

•  Resurgent USD demand triggers the initial leg of the intraday slide.
   •  Italian worries exert additional pressure on the shared currency.

 

GBP/USD could test the bottom of the 1.3080/1.3170 range – UOB

In view of FX Strategists at UOB Group, Cable is seen declining and testing the lower bound of the 1.3080/1.3170 band in the next weeks.

Key Quotes

 

PLN seen gathering further traction – Danske Bank

The Polish Zloty remains poised to appreciated further in the next months, suggested Jens Pedersen, Senior Analyst at Danske Bank.

Key Quotes

“Yeste

 




Canada: Housing starts projected to rebound to a 198k in October – TDS

Analysts at TD Securities suggest that Canadian housing starts for October are projected to rebound to a 198k pace, matching their estimate.

Key Quot

 

EUR/USD: Driven by politics and economic data – Westpac

Tim Riddell, Research Analyst at Westpac, suggests that relatively market benign response to US elections could see EUR rebound.

Key Quotes

“EZ indu

 

EUR/JPY Technical Analysis: Upside capped by the 200-day SMA at 130.21

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
    Last Price: 129.74
    Daily change: -12 pips
    Daily change: -0.092

 

FOMC: Limited changes expected in the statement – TDS

In view of analysts at TD Securities, the November FOMC meeting should be a dull affair, with limited changes expected in the statement.

Key Quotes

 

EU’s Moscovici: There is no future for Italy outside the Euro-zone

Adding to his earlier comments, EU’s economic and monetary commissioner Pierre Moscivici was further noted saying that EU forecast on Italy is made ba

 

Irish deputy PM: Urges caution over reports that a Brexit deal could be agreed in next few days

Simon Coveney, Ireland’s deputy prime minister, speaking in Dublin this Thursday, urged caution over the recent optimism that a Brexit deal could be s

 

US: Midterms pave the way for slowdown – ABN AMRO

According to Bill Diviney, Senior Economist at ABN AMRO, the outcome of the US midterm elections now paves the way for the growth slowdown that they h

 

NZD/USD: Guided by the RBNZ – Westpac

In view of Imre Speizer, Research Analyst at Westpac, NZD/USD has had a good run in November, rising almost 4c since the Oct low of 0.6425. Some of th

 

GBP/USD slips below 1.3100 handle, fresh session lows ahead of FOMC

•  A strong follow-through USD recovery exerts prompts some profit-taking.
   •  Investors also seemed to have fully digested the recent Brexith op

 

UK Cabinet meeting on Brexit unlikely to take place ahead of next week – Source

According to Reuters, citing a government source, the UK Cabinet meeting on Brexit seems unlikely to take place ahead of next week. 

The news seemed

 

EUR/NOK poised for extra rangebound – Danske Bank

Jens Pedersen, Senior Analyst at Danske Bank, gives his views on the Norwegian Krone in the next months.

Key Quotes

“Despite risk rallying, oil fluc

 

Ireland HICP (MoM) rose from previous -0.3% to -0.2% in October

Ireland HICP (MoM) rose from previous -0.3% to -0.2% in October

 




Ireland HICP (YoY): 1.1% (October) vs previous 1.2%

Ireland HICP (YoY): 1.1% (October) vs previous 1.2%

 

Ireland Consumer Price Index (YoY): 0.9% (October)

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

 

Ireland Consumer Price Index (MoM): -0.1% (October) vs -0.4%

Ireland Consumer Price Index (MoM): -0.1% (October) vs -0.4%

 

Chile Core Consumer Price Index (Inflation) (MoM) remains unchanged at 0.1% in October

Chile Core Consumer Price Index (Inflation) (MoM) remains unchanged at 0.1% in October

 

Chile Consumer Price Index (Inflation) (MoM) registered at 0.4% above expectations (0.3%) in October

Chile Consumer Price Index (Inflation) (MoM) registered at 0.4% above expectations (0.3%) in October

 

South Africa Manufacturing Production Index (YoY) came in at 0.1% below forecasts (1.7%) in September

South Africa Manufacturing Production Index (YoY) came in at 0.1% below forecasts (1.7%) in September

 

EU’s Moscovici: We have to ensure that EU budget rules are respected

The European Union’s Economic Commissioner Pierre Moscovici was out with his comments on Italian budgetary proposals and said that we have to ensure t

 

EUR/USD further decline not ruled out, stays neutral near term – UOB

FX Strategists at UOB Group do not ruled out further weakness in spot, although it should remain within the broad 1.1370/1.1500 range.

Key Quotes

24

 

EUR/JPY keeps targeting the 200-day SMA at 130.21 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross remains poised to visit the 130.20 area, where lies the 200-day SMA.

 

US Dollar Index within a tight range near 96.20 ahead of FOMC

The greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses in the second half of the week and is now gyrating around the 9

 

China’s Premier Li: To maintain continuity of macro policies

China’s premier Li Keqiang was out on the wires in the last hour, saying that China will strengthen fine-tuning of policies and deepen opening up of i

 

Fed meeting unlikely to be a hugely exciting affair – Deutsche Bank

Analysts at Deutsche Bank suggest that we have a Fed meeting to look forward to this evening and the overriding consensus, both amongst economists and

 




UK’s Hunt: Confident will reach a Brexit agreement

The UK foreign secretary Jeremy Hunt was out on the wires in the last hour, showing confidence that Irish backstop issue can be resolved and reaching

 

AUD/USD: Bullish view for the week ahead – Westpac

Sean Callow, Research Analyst at Westpac, suggests that they are sticking with the their bullish view on the AUD/USD pair for the week ahead, even tho

 

Ford is buying scooter startup Spin

The automaker is buying Spin and its 24 employees as it steps more firmly into the mobility revolution.

 

We spoke to top Wall Street headhunters and reviewed nearly 300 senior investment banking hires and departures — here are the 40 biggest moves of 2018

It’s been one of the most active years in senior investment banking moves since the financial crisis. We spoke with top headhunters to determine the top 40 moves of the year.

 

10 things you need to know before the opening bell

Traders on the floor of the New York Stock Exchange watch President Donald Trump’s news conference. AP/Richard Drew Here is what you need to know.

He

 

Venezuela’s inflation rate just hit 830,000% — and it’s going to keep rising

A report published to Congress said that the annual rate had almost doubled since in the month since the last report was published in October.

 

Bank of America’s $2.8 trillion wealth management chief breaks down how the 9-year bull market will end — and how you can see it coming

Chris Hyzy, the CIO for BofA’s Global Wealth and Investment Management division, outlines what would have to happen for the 9-year bull market to end. He also highlights three signals investors should watch for.

 

Two American billionaire families are using Brexit to build a London property empire

FirethornTrust, a property investment firm run by two US billionaire families, is looking to invest heavily in London’s Canary Wharf district.

 

Crocs shares rise after earnings beat, guidance lifted

Crocs Inc. CROX, +0.42% shares rose 3.1% in Thursday premarket trading after the shoe company reported third-quarter earnings and sales that beat expe

 

Cardinal Health’s stock surges after earnings, revenue rise above expectations

Shares of Cardinal Health Inc. CAH, +2.13% rallied 2.9% in premarket trade Thursday after the healthcare services company reported fiscal first-quarte

 

D.R. Horton matches profit expectations, revenue comes up shy

D.R. Horton Inc. DHI, +0.27% reported Thursday fiscal fourth-quarter earnings that matched expectations, but revenue that came up shy, as rising price

 

Shares of Arris jump in premarket after CommScope agrees to acquire the company for $31.75 a share

Shares of Arris International PLC ARRS, +11.29% jumped in lightly traded premarket action Thursday after the cable-industry vendor said it was being a

 




ملخص اسواق العملات ليوم الخميس 2018/11/08 من موقع ديلي فوركس

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

 

Daily Market Roundup (November 08, 2018) – By DailyForex

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

 

Italy awaits confidence votes amid coalition tensions

Filippo Diodovich, market analyst at IG Italy, says this week’s expected confidence vote is important because it is the first vote of its kind amid a dispute…

 

Cheer Up

Adage:

“A man should look for what is, and not for what he thinks should be” – Albert Einstein

Cartoon:


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Have a nice trading!




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