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New York Trading Session Heads Up Tuesday, January 31, 2017

New York opening news digest

Premarket: 6 things to know before the bell

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

 

Nigeria foreign reserves rise to highest level in 10 months- cenbank data

Nigeria’s foreign exchangereserves rose 8.39 percent to $27.88 billion by Jan. 26 from amonth ago, climbing to their highest level in 10 months, centralbank data showed on Tuesday.

 

Black market naira at 499 per dollar, 39 percent discount on Nigeria rate

Nigeria’s naira was quoted as lowas 499 to the dollar on the black market on Tuesday, 39 percentweaker than on the official market, where the central bank hasbeen selling the greenback to support the local currency.

 

UPDATE 1-IMF delegation in Egypt ahead of review for second loan installment

A delegation from theInternational Monetary Fund (IMF) has arrived in Egypt toprepare for a review required before disbursing the secondinstallment of a three-year $12-billion loan, sources at theFinance Ministry told Reuters on Tuesday.

 

Data sparks sterling slide after best January in five

Sterling fell by almost a full cent on Tuesday after weaker than expected data on consumer credit added to a handful of tentative signs that the UK economy may finally be slowing on the back of last year’s Brexit vote.

 

EMERGING MARKETS-Emerging stocks set for best Jan since 2012; lira lags

Emerging stocks touched one-weeklows on Tuesday but were headed for their best January since2012, benefiting from expectations of reflationary U.S.policies, though Turkish assets lagged with the lira set for itsfifth month in the red.

 

New loans for Greece depend on IMF participation: German Finance Ministry

Further financial assistance for Greece depends on the successful completion of a review of its bailout program and the participation of the International Monetary Fund (IMF), a spokesman for the German Finance Ministry said on Tuesday.

 

IMF delegation in Egypt ahead of review for second loan installment – sources

A delegation from theInternational Monetary Fund has arrived in Egypt to prepare fora review required before disbursing the second installment of a$12-billion loan, sources at the Finance Ministry told Reuterson Tuesday.

 

Rethink on Trump hits dollar and world stocks

The U.S. dollar headed for its worst start to a year since 2008 on Tuesday while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump’s stringent curbs on travel to the United States.

 

Sterling steadies before Brexit debate, posts best January in 5 yrs

* Graphic: sterling and gilt yields bit.ly/2dgAXn1* Graphic: World FX rates in 2017

 

Trump dooms dollar to worst January since 2008

The dollar was on course for its worst start to a year since 2008 on Tuesday as concerns over the broader shape of policy under President Trump outweighed the expectations of higher U.S. inflation which dominated the end of last year.

 




Shell Sheds North Sea Assets For $3.8 Billion – Energy Journal

Europe’s largest oil company continues its $30 billion divestment program

 

Wealth Adviser Daily Briefing: Raymond James Goes Digital, Coaching Clients

WSJ Wealth Adviser highlights some of the top news and analysis for wealth advisers and their clients, with pieces today on Raymond James’s plan to launch a robo adviser and how advisers should think of themselves as their clients’ coach.

 

City: Deutsche Hit by Fine, Shell Sells Assets, Global Firms ‘to Stay in Post-Brexit Britain’

Good morning from London. Here’s essential reading today from WSJ City.  WSJ City is made for London and made for mobile. Download for iPhone here

 

EUR/GBP Technical Analysis: Two-Week Down Trend Broken

The Euro may be resuming its advance against the British Pound after prices broke above resistance capping gains over the past two weeks.

 

Gold Prices Recover Amid Renewed Trump Trade Unwind

Gold prices are working on a third day of gains as the unwinding of the so-called “Trump trade” continues with gusto across the financial markets.

 

French Government Bond Yields Hit Highest Levels Since 2015

While French GDP data released Tuesday were in line with expectations, bond yields jumped in a market dominated by politics ahead of the upcoming Presidential

 

Japanese Yen Falters as Kuroda Expands on Policy

The Japanese Yen backed off a little as markets digested comments from Bank of Japan Governor Kuroda following this month’s policy decision.

 

Trump-Watching Likely to Overshadow Sparse Economic Data Docket

Currency markets are likely to remain in Trump-watch mode, looking beyond a docket of mostly moot European and second-tier US economic data releases.

 

Dollar nervous as Trump defends immigration ban

The dollar fell against the yen on Tuesday, as the Japanese currency was boosted by its safe-haven status, as appetite for risk curbed by U.S. President Donald Trump’s hardening defence over his immigration policies.

 

Weekly Review. S&P500, Brent, gold – 30 Jan 2017

Monthly chart: Tendency remains the same. Nobody knows how high the index will go, oscillator shows divergence (indicating possible bullish weakness), ADX is passive. Considering all that we are still expecting the index to reverse to the downside.

 

Turkey Trade Deficit Narrows As Expected In December

Turkey’s foreign trade gap narrowed at the end of the year, in line with forecast, preliminary figures from the Turkish Statistical Institute showed Tuesday. The trade deficit fell to $5.

 

European Shares Steady Ahead Of Key Data

European stocks held steady in early trade Tuesday as investors digested mixed earnings and pondered the effects of the Trump presidency on the global economy. The day’s economic reports released so far proved a mixed bag, with German retail sales falling 0.

 




Asian Shares Follow Wall Street Lower On Trump Policy Worries

Asian stocks fell broadly on Tuesday after Donald Trump fired Acting Attorney General Sally Yates Monday night, adding to concerns surrounding the unpredictability and protectionist trade stance of the new U.

 

France Inflation Highest Since Late 2012

France’s inflation accelerated to the highest level in more than four years in January on the sharp acceleration in energy prices, provisional estimate from the statistical office Insee showed Tuesday.

 

French Consumer Spending Falls Unexpectedly In December

France’s consumer spending decreased unexpectedly in December, after rising in the previous two months, figures from the statistical office INSEE showed Tuesday.

 

German ILO Jobless Rate Holds Steady At 3.9% In December

Germany’s unemployment rate remained unchanged in December though the number of those without jobs declined, figures from Destatis showed Tuesday. The seasonally adjusted jobless rate, based on ILO norms, was 3.

 

Finland Nov Trade Deficit Narrows More Than Estimated

Finland’s trade gap narrowed more than initially estimated in November, latest figures from Finland Customs Office showed Tuesday. The trade deficit for November was EUR 123 million instead of EUR 150 million reported earlier.

 

Ocado Group FY Pre-tax Profit Rises – Quick Facts

Ocado Group plc (OCDO.L), a UK-based online grocery retailer, reported an increase in profit before tax for fiscal year 2016 on double-digit revenue growth. For the year, the Group’s statutory profit before tax and exceptional items rose 21.

 

S. Africa Money Supply Growth Exceeds Forecast

South Africa’s money supply growth accelerated at a faster-than-expected pace in December, figures from the South African Reserve Bank showed Tuesday. The broad money supply, or M3, rose 6.

 

SSE Affirms FY Earnings Outlook – Quick Facts

Electric utility SSE plc (SSE.L) said it completed the third quarter of its financial year on 31 December 2016. The company confirmed that it remains on target to deliver adjusted earnings per share for 2016/17 of at least 120 pence.

 

European Shares To Make Nervous Start On Uncertainty Over Trump Stance

European stocks may follow U.S. and Asian peers lower on Tuesday as Donald Trump’s firing of the U.S. Acting Attorney General Sally Yates on Monday night fueled concerns surrounding the unpredictability of the new U.

 

Ricoh Lowers FY Outlook, Year-end Dividend – Quick Facts

Ricoh Co Ltd (RICOY), a Japanese manufacturing services company, lowered its full-year financial outlook as well as cut its year-end dividend. For the full year ending March 31, 2017, the company now projects attributable net income of 10.

 

Estonia Industrial Production Growth Accelerates

Estonia’s industrial production growth quickened for the second straight month in December, figures from Statistics Estonia showed Tuesday. Industrial production expanded a working-day-adjusted 10.

 

Kyocera 9-month Profit Rises, Revises FY Outlook – Quick Facts

Kyocera Corp. (KYO), a developer of products for the information and communications market, reported that its nine-month attributable net income increased 19.1 percent to 70.

 




Japan Small Business Confidence Weakens In January

Japan’s small business confidence declined for the first time in five months in January, survey data from Shoko Chukin Bank showed Tuesday. The small business confidence indicator fell to 48.

 

European Economics Preview: Eurozone GDP, Inflation Data Due

Quarterly national accounts, flash inflation and unemployment from euro area are due on Tuesday, headlining a busy day for the European economic news..

 

Daiichi Sankyo Nine-month Profit Declines, But Raises FY Outlook – Quick Facts

Daiichi Sankyo Company Limited (DSKYF.PK)reported that its profit attributable to owners of the company for the first nine months of fiscal 2016 decreased 20.4 percent to 88.

 

BoJ Keeps Policy Unchanged; Lifts Growth Outlook

The Bank of Japan maintained its monetary policy as widely expected at its first meeting of this year on Tuesday and upgraded its economic outlook, while leaving its inflation forecast unchanged.

 

Japan Housing Starts Growth Eases To 4-Month Low

Japan’s housing starts growth eased unexpectedly in December to its lowest level in four months, data from the Ministry of Land, Infrastructure, Transport and Tourism showed Tuesday.

 

New Zealand Money Supply Growth Accelerates

New Zealand’s money supply growth accelerated in December after easing in the previous month, figures from the Reserve Bank of New Zealand showed Tuesday. The broad money supply, or M3, climbed 6.

 

Sensex, Nifty Extend Losses As Investors Await Economic Survey

Indian shares opened lower on Tuesday to extend losses for the second straight session as investors waited to take cues from the Union Budget due on Wednesday and the Economic Survey, which will be tabled in Parliament later today.

 

Malaysia PPI Rises Further In December

Malaysia’s producer prices increased for the fourth straight month in December, and at an accelerated pace, figures from the Department of Statistics showed Tuesday.

 

BoJ Keeps Monetary Policy Unchanged

The Bank of Japan kept its monetary stimulus unchanged as widely expected on Tuesday. Governor Haruhiko Kuroda and his board members decided by an 7-2 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY 80 trillion.

 

Sensex, Nifty Seen Lower At Open

Indian shares look set to open lower on Tuesday amid sluggish global cues. That said, there are some positive triggers on the domestic front as the government has eased limits on ATM withdrawals from February 1 and mortgage leader HDFC meet Street estimates with a 13 percent rise in consolidated net profit for the December quarter.

 

Thai Bourse May Tick Lower Again On Tuesday

The Thai stock market has finished lower in consecutive trading days, although it has given up less than a single point in that span. The Stock Exchange of Thailand remains just above the 1,590-point plateau, and the market is looking at another soft start again on Tuesday.

 

Asian Markets Lower For Second Straight Day

Asian stock markets are lower for a second straight day Tuesday following the negative lead overnight from Wall Street as worries about the economic impact of U.

 




Japanese Market Declines For Second Straight Day

The Japanese stock market is lower for a second straight day Tuesday, tracking the negative lead from Wall Street and a stronger yen. Investors are cautious ahead of the Bank of Japan’s monetary policy decision later in the day.

 

Losing Streak May Continue For Indonesia Shares

The Indonesia stock market has moved lower in back-to-back sessions, sliding nearly 15 points or 0.3 percent along the way. The Jakarta Composite Index now rests just above the 5,300-point plateau, and the market may extend its losses on Tuesday.

 

Australian Market Extends Losses

The Australian stock market is extending losses on Tuesday from the previous session, tracking lower crude oil prices and the weak cues from Wall Street amid worries about the economic impact of U.

 

Japan Industrial Production Rises 0.5% In December

Industrial production in Japan climbed 0.5 percent on month in November, the Ministry of Economy, Trade and Industry said on Tuesday. That beat forecasts for an increase of 0.

 

Australia Business Conditions Index Jumps In December – NAB

Business conditions in Australia improved sharply in December, the latest survey from National Australia Bank showed on Tuesday with an index score of +11. That’s up from +5 in November, and it moves further into positive territory.

 

Australia Private Sector Credit Gains 0.7% In December

Total private sector credit in Australia was up 0.7 percent on month in December, the Reserve Bank of Australia said on Tuesday – topping expectations for 0.5 percent, which would have been unchanged from the November reading.

 

Rally May Stall For Singapore Stock Market

Ahead of the long holiday weekend for the Lunar New Year, the Singapore stock market had ticked higher in back-to-back sessions, gathering almost 25 points or 0.

 

UK Consumer Confidence Index Rises To -5 – GfK

Consumer confidence in the United Kingdom continued to be fragile in January, although less than expected, the latest survey from GfK revealed on Tuesday with an index score of -5.

 

Japan Industrial Output Climbs 0.5% In December

Industrial output in Japan advanced 0.5 percent on month in November, the Ministry of Economy, Trade and Industry said on Tuesday. That beat forecasts for an increase of 0.

 

Malaysia Stock Market May Extend Losses

Ahead of the long weekend for the Lunar New Year, the Malaysia stock market had snapped the four-day winning streak in which it had advanced almost 30 points or 1.

 

Japan Household Spending Eases 0.3% In December

The average of household spending in Japan was down 0.3 percent on year in December, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 318,488 yen.

 

Japan December Jobless Rate Steady At 3.1%

The unemployment rate in Japan came in at a seasonally adjusted 3.1 percent in December, the Ministry of Internal Affairs and Communications said on Tuesday – in line with expectations and unchanged from the November reading.

 




South Korea Market May Open Under Pressure

Ahead of the four-day weekend for the Lunar New Year, the South Korea stock market had moved higher in three straight sessions, gathering almost 20 points or 0.9 percent along the way.

 

Morning News: January 31, 2017 Crossing Wall Street

Alarm Over the Fed’s $4.45 Trillion Balance Sheet Is Silly

Wall Street Falls the Most This Year as Trump Honeymoon Sours

How Toyota, Target, Best

 

Wall Street is going to regret how lazy it’s been on Trumpenomics

Guys, please do some more work.There’s a reason the billionaire Koch brothers are starting to get antsy about some of Trump’s plans.

 

10 things you need to know before the opening bell

Here is what you need to know.

The Bank of Japan raises its growth forecast. Japan’s central bank kept policy on hold with a 7-to-2 vote but raised i

 

Euro jumps after Trump adviser calls shared currency ‘grossly undervalued’

The euro jumped to intraday highs Tuesday after a trade adviser to U.S. President Donald Trump called the shared currency ‘grossly undervalued’. The e

 

Under Armour shares plummet after earnings miss, weak guidance

Under Armour Inc. UAA, -0.65% shares plummeted 23.4% in Tuesday premarket trading after the athletic apparel and accessories company reported fourth-q

 

Harley-Davidson shares dip after company reports Q4 earnings below expectations

Harley-Davidson Inc. HOG, -1.98% shares fell nearly 2% in premarket trade on Tuesday after the motorcycle manufacturer reported fourth-quarter earning

 

Coach shares jump 3.4% premarket as profit tops estimates

Luxury accessories and apparel brand Coach Inc. COH, +1.12% said Tuesday it had net income of $200 million, or 71 cents a share, in its fiscal second

 

Pfizer’s stock drops after profit miss, downbeat sales outlook

Shares of Pfizer Inc. PFE, -0.35% fell 1.3% in premarket trade Tuesday, after the drugmaker reported a fourth-quarter profit that missed expectations.

 

Tech companies to meet about challenging Trump’s immigration ban: report

A range of tech companies plan to meet Tuesday to talk about pushing back against President Trump’s order banning citizens of seven predominantly Musl

 

Forex: Top FX Headlines: US Dollar Hanging on by a Thread – What’s Next?: 1/31/17

– JPY-crosses (AUD/JPY, NZD/JPY, USD/JPY) remain in consolidation patterns; patience required. – DXY Index breakdown heavily contingent on EUR/USD price action.

 

Weekly Forex Highlights: Central Banks focused on Trump

Central Banks have lost their stellar role in the FX market, with US new President Donald Trump taking center stage, and banks waiting for him to define mone…

 




Trend Trading: Low Risk, High Reward Naked Trading Setups

Here’s a simple way to find trend entries with a tight stop, and a high reward to risk ratio. We’ll look at live examples, you won’t need to use any indicato…

 

ملخص اسواق العملات ليوم الثلاثاء 2017 /31/01 من موقع ديلي فوركس

الأسهم شهدت تراجعاً في القيمة يوم الأمس، مع تراجع مؤشر S&P500 الأمريكي الواسع بأكبر نسبة يومية له منذ الإنتخابات الأمريكية الرئاسية في نوفمبر الماضي. عاد زوج…

 

Daily Market Roundup (January 31, 2017) – By DailyForex.

Stocks saw a fall in value yesterday, with the broad American S&P 500 Index having its largest 1 day drop since the U.S. Presidential election last November….

 

Cheer Up

Adage:

It’s OK to be wrong; it’s unforgivable to stay wrong.
– Martin Zweig –

Have a nice trading!




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