Heads-up News 

New York Trading Session Heads Up Wednesday, November 7, 2018

New York opening news digest

For Small Cap Stocks A Recovery May Be Taking Hold

After An Excruciating Headache For Small Cap Stocks A Recovery May Be Taking Hold. CressCap is pleased to feature three stocks from three sectors; Luxfer as industrial recommendation, Boot Barn from the consumer discretionary sector, and Ceragon Networks as our small cap technology recommendation.

 

Trading Forecast for Crude Oil, Gold Price, S&P 500, DAX 30 & More

Crude oil may bounce but support not until lower, gold price may be gearing up to trade higher, while global indices continue to act better

 

Gold & Silver Price Analysis – Resistance May Not Keep Them Down for Long

Precious metals continue to range but have some positives in recent price action which suggests resistance levels may not hold in place for much longer.

 

EURUSD Analysis: Resistance Curbs Further Upside, Eyes on FOMC

EURUSD Analysis: Resistance Curbs Further Upside, Eyes on FOMC

 

GBP and EUR Well Placed to Advance After US Mid-Term Elections

The British Pound and the Euro could be among the main beneficiaries from Dollar weakness after the US mid-term elections, on optimism about a Brexit

 

GBPUSD Price: Important Bullish Price Zone Nears

GBPUSD continues to push higher and is closing in on a confluence of technical indicators that, if broken, could open the way to higher longer-term

 

USD Price Lower in Europe After US Mid-Term Elections, May Fall Further

The USD price is dropping in Europe after the US Democrats won control of the House and could extend its losses on concerns about US

 

US Dollar May Turn Higher as Markets Digest Midterms Outcome

The US Dollar may turn higher after a bit of knee-jerk weakness as markets digest midterm election results that increase scope for a bipartisan infrastructure

 

Trump to hold news conference at 1630 GMT – Sanders

According to the White House Press Spokeswoman Sarah Sanders, the US President Donald Trump will hold a news conference today at 1130 local time in Wa

 

United States MBA Mortgage Applications declined to -4% in November 2 from previous -2.5%

United States MBA Mortgage Applications declined to -4% in November 2 from previous -2.5%

 

EUR/SEK still seen within 10.20-10.40 – Danske Bank

Senior Analyst at Danske Bank Jens Pedersen suggested the cross should remain in a rangebound theme within 10.20 and 10.40 for the time being.

Key Qu

 




NZD/USD remains strong, could test 0.6850 – UOB

The outlook on the pair remains neutral in the near term, although a test of 0.6850 appears unlikely, suggested FX Strategists at UOB Group.

Key Quot

 

EUR/USD continues scaling higher, taps 1.15 mark amid notable USD supply

•  The USD continues to be weighed down by the US midterm elections results.
   •  Sliding US bond yields/risk-on mood does little to ease the USD

 

EUR/JPY Technical Analysis: The cross keeps the rally well and sound and is now targets the 200-day SMA at 130.25 and above

EUR/JPY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

 

EUR/JPY

Overview:
    Last Price: 129.94
    Daily change: 39 pips
    Daily change: 0

 

Chile Trade Balance dipped from previous $-122M to $-217M in October

Chile Trade Balance dipped from previous $-122M to $-217M in October

 

Italy’s coalition government wins confidence motion on security decree

According to the latest headlines floating on the wires, Italy’s coalition government was able to push through its agenda and won a confidence motion

 

Eurozone: Retail sales dropped to 0.8% in September – ING

Bert Colijn, Senior Economist at ING, points out that the annual growth in Eurozone retail sales dropped to 0.8% in September.

Key Quotes

“The porri

 

Germany: Strong manufacturing numbers – TDS

Analysts at TD Securities note that the German manufacturing for September came in better expected with a 0.2% increase (market: 0.0%).

Key Quotes

 

USD/JPY Technical Analysis: Finds a temporary support near 200-hour EMA, remains vulnerable

•  The pair extended its intraday sharp retracement slide from fresh one-month tops and momentarily slipped back below the 113.00 handle in the las

 

Portugal Unemployment Rate unchanged at 6.7% in 3Q

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

 

Brazil IPCA Inflation came in at 0.45%, below expectations (0.55%) in October

Brazil IPCA Inflation came in at 0.45%, below expectations (0.55%) in October

 

OPEC+ Ministers said to discuss oil output cut options for 2019 – Bloomberg

According to a Bloomberg report, citing unnamed delegates, OPEC+ ministers were said to discuss oil output cut options for 2019 in Abu Dhabi amid conc

 

US Elections: Modest market impact – Rabobank

In the US midterm elections, the Democrats won the House by a comfortable margin, while the Republicans expanded their control over the Senate on expe

 




Italy’s Deputy PM Salvini: Italy’s Govt is at no risk of falling

Ahead of a do-or-die confidence vote in the Senate over a contested decree on security and immigration on Wednesday, the Italian Deputy Prime Minister

 

Sources: Russia, Saudi Arabia start discussing oil production cuts in 2019 – TASS

According to the latest reports carried by the Russian media agency TASS, Russia and Saudi Arabia have begun discussing oil production cuts in 2019.

 

US midterms: Trump tapered – ING

According to James Knightley, Chief International Economist at ING, life is going to get far tougher for President Trump as the split Congress (Democr

 

FOMC Preview: On track for another hike in December – TDS

In view of analysts at TD Securities, the November FOMC meeting should pass without much market impact, as the Fed should remain on track for another

 

USD/CHF tumbles to near 2-week lows, closer to mid-0.9900s

•  The US midterm election results weighing heavily on the USD.
   •  Sliding US bond yields do little to ease the USD bearish pressure.
   •  Risk

 

China Foreign Exchange Reserves (MoM) below expectations (¥3.062T) in October: Actual (¥3.053T)

China Foreign Exchange Reserves (MoM) below expectations (¥3.062T) in October: Actual (¥3.053T)

 

GBP/USD extends the bounce towards 1.3200 on split US Congress

The bulls are extending control heading into the mid-European session, with the GBP/USD firmly higher above the midpoint of the 1.31 handle, as the US

 

European Monetary Union Retail Sales (MoM) below expectations (0.1%) in September: Actual (0%)

European Monetary Union Retail Sales (MoM) below expectations (0.1%) in September: Actual (0%)

 

European Monetary Union Retail Sales (YoY) above expectations (0.7%) in September: Actual (0.8%)

European Monetary Union Retail Sales (YoY) above expectations (0.7%) in September: Actual (0.8%)

 

US: Downward pressure for the USD and long yields – Nordea Markets

Jan von Gerich, Global Fixed Income Strategist for Nordea Markets, suggests that the outlook of further debt ceiling battles in the US, the chance of

 

GBP/USD could advance further to 1.3190 – UOB

In view of FX Strategists at UOB Group, the upside momentum in Cable could test the 1.3190 area in the next weeks.

Key Quotes

24-hour view: “Brexit

 

AUD/USD Technical Analysis: Climbs beyond 100-DMA to hit fresh 6-week tops

•  The pair stalled its intraday retracement slide and found decent support near 50-hour SMA to hit fresh six-week tops in the last hour. 

   •  B

 




US Elections: Divided Congress means no changes to economic policy – Danske Bank

In view of analysts at Danske Bank, with a divided US Congress, we should not expect changes to economic policy and hence they maintain their view tha

 

US Dollar Index tumbles further near 95.80

The US Dollar Index (DXY), which tracks the greenback vs. its main competitors, remains under heavy pressure this week and is now testing lows in the

 

South Africa Business Confidence Index up to 95.8 in October from previous 93.3

South Africa Business Confidence Index up to 95.8 in October from previous 93.3

 

These 29 countries have the safest banks in the world

Business Insider takes a look into the countries around the world with the safest banks.

 

10 things you need to know before the opening bell

Here is what you need to know.

The Democrats take the House and the Republicans hold the Senate. As of 4:50 a.m. ET, the Democrats held 219 House sea

 

‘Welcome to gridlock’: Stock traders cheer, dollar investors jeer US midterm results

US stocks set to gain, Chinese stocks and dollar slip, Europe stocks rally. “Trump may now fall back on policy areas that do not require Congress.”

 

Elon Musk claims short sellers are Tesla’s worst enemy — but one expert says he and many others are thinking about the situation completely wrong

Elon Musk has repeatedly called out short sellers for damaging his company’s stock. One expert explains how the Tesla CEO, and many others, don’t fully understand shorting mechanics.

 

Scotts Miracle-Gro shares slide after earnings miss

Scotts Miracle-Gro Co.’s shares SMG, +1.11% slid 3.7% in premarket trade Wednesday, after the lawn and garden care company missed profit and sales est

 

ITG’s stock surges after $1 billion buyout deal with Virtu Financial

Shares of Investment Technology Group Inc. ITG, +0.00% shot up 7.6% in premarket trade Wednesday, after the financial technology company announced an

 

Dean Foods shares sink after swinging to a loss

Dean Foods Co. DF, +3.36% shares fell 10% in Wednesday premarket trading after the food and beverage company reported third-quarter losses. Dean Foods

 

Michael Kors’ stock plunges after earnings beat but sales miss

Shares of Michael Kors Holdings Ltd. KORS, -1.46% plunged 11% toward a one-year low in premarket trade Wednesday, after the fashion luxury group repor

 

Trump will hold press conference at 11:30 a.m. Eastern

President Donald Trump will hold a press conference Wednesday at 11:30 a.m., Press Secretary Sarah Sanders announced. The formal press conference will

 




Office Depot tops profit and sales estimates, raises guidance

Office Depot Inc. ODP, +2.61% said Wednesday it had net income of $60 million, or 11 cents a share, in the third quarter, down from $92 million, or 18

 

Humana beats profit expectations, raised outlook

Humana Inc. HUM, +1.59% reported Wednesday third-quarter earnings that rose above expectations and raised its full-year outlook, helped by strength in

 

Dollar losses build in wake of midterm election results

The U.S. dollar came under pressure Wednesday, in the wake of midterm election results that saw Democrats take hold of the House and Republicans keep

 

Trading Forecast for Crude Oil, Gold Price, S&P 500, DAX 30 & More

Crude oil may bounce but support not until lower, gold price may be gearing up to trade higher, while global indices continue to act better than expected. #c…

 

ملخص اسواق العملات ليوم الاربعاء 2018/11/07 من موقع ديلي فوركس

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

 

Daily Market Roundup (November 07, 2018) – By DailyForex

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

 

Cheer Up

Adage:

Q: Why did the White House Turkey turn down his pardon?
A: All of his money was in the market and he has nothing left to live for!

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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