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Stocks Daily Review July 2, 2019

Stocks Daily Review for July 2, 2019 Stocks are surging after Trump strikes a truce in the US-China trade war | Markets Insider Stocks surged on Monday after President Donald Trump and Chinese leader Xi Jinping struck a truce in the US-China trade war. Trump agreed to ease restrict…   Warren Buffett to donate Berkshire shares worth $3.6 billion to 5 foundations Warren Buffett is converting some of his Class A shares in Berkshire Hathaway Inc. into Class B shares to donate to five foundations, including the Bill and…  …

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Gold News Reviews 

Gold Daily Review July 2, 2019

Gold Daily Review for July 2, 2019 US Dollar Weakness May Fuel Gold and EURUSD Gains US Dollar hovers near a nine-month support line. A review of the Elliott wave charts shows a break below the support line may drive gold, EURUSD, and GBPUSD higher.   Gold Price Outlook: XAUUSD Pulls Back After a Big Month Gold prices had a big month of June, gaining almost 13% from the May 30 low. But will the second half of 2019 be as friendly to gold bulls?   Gold bulls sulking on…

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GBP News Reviews 

GBP Daily Review July 2, 2019

GBP Daily Review for July 2, 2019 CAD Shorts Cut, USD Bulls Exit, GBP Outlook Remains Weak – COT Report CAD Shorts Cut, USD Bulls Exit, GBP Outlook Remains Weak – COT Report   GBP/USD technical analysis: Post-UK PMI slide tests 50% Fibo. level, poised to weaken further A sustained intraday weakness below 200-hour SMA was seen as a key trigger for bearish traders and aggravated the selling pressure. Meanwhile, the app   GBP/USD drops to over 1-week lows, below mid-1.2600s post-UK PMI The GBP/USD pair maintained its offered tone…

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Heads-up News 

Frankfurt Trading Session Heads Up Tuesday, July 2, 2019

Frankfurt opening news digest The Gold High Is Confirmed The predicted gold high is here. How low and how long on the downside?   US Dollar, Stocks Eye Fed’s Willians Outlook on Economy, Policy The US Dollar and local equity markets will be closely watching a speech from FOMC Vice Chairman John Williams where he will outline the outlook for the economy and monetary policy.   Philippine Peso Post-G20 Rally Eyes CPI, INR to India Budget Deficit The Philippine Peso may extend gains from the G20 US-China trade truce if…

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EUR News Reviews 

EUR Daily Review July 2, 2019

EUR Daily Review for July 2, 2019 Upbeat German Unemployment Report to Curb EURUSD Losses Fresh data prints coming out of the Euro area may curb the recent decline in EURUSD as German Unemployment is expected to hold flat in June.   EUR Futures: under downside pressure near term In light of preliminary figures for EUR futures markets from CME Group, investors added nearly 1.7K contracts to their open interest positions on Frid   FX Today: Yen sold-off into improved trade sentiment; Eurozone/ UK PMIs in focus The expected weekend…

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Heads-up News 

Frankfurt Trading Session Heads Up Tuesday, July 2, 2019

Frankfurt opening news digest Trade War: America Is Trying To Turn China Into Another Japan America is trying to turn China into another Japan. It Won’t work.   Australian Dollar Whipsaws As RBA Cuts Rates For Second Straight Month The Australian Dollar fell initially but bounced quickly on news that the Official Cash Rate had been cut to a new record low of 1%, following an earlier reduction in June.   AUDUSD Chart Analysis: Aussie Sellers Move to Retake Control The Australian Dollar may have capped the upswing from mid-June…

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JPY News Reviews 

JPY Daily Review July 1, 2019

JPY Daily Review for July 1, 2019 Yen May Sink as US-China Restart Trade Talks, Can Crude Oil Rise? The Japanese Yen may weaken as markets digest US-China restarting trade talks after the G20 Summit. Will this offset crude oil price declines as EU cooled Iran supply disruption fears?   USD/JPY: Upside capped as traders re-think immediate knee-jerk to trade truce USD/JPY gapped on the open on Monday as Presidents Trump and Xi agreed to resume trade talks, averting the near term risk of a damaging escalation. In   FX…

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Heads-up News 

Tokyo Trading Session Heads Up Monday, July 1, 2019

Tokyo opening news digest Warren Buffett Gets More Pay From Banks After Stress Tests All US banks passed their tests and almost all of Buffett’s will raise their dividends   For CBD, Self-Regulation Is Best Through transparency and smart investing, the CBD industry will be able to regulate itself.   Volatility Swoons as Risk Assets Rejoice Trump-Xi G20 Meeting Volatility across asset classes gets crushed owing to the latest influx of risk appetite following last weekend’s G20 Summit. What might volatility suggest about the markets going forward?   AUD/USD: Bears…

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AUD News Reviews 

AUD Daily Review July 1, 2019

AUD Daily Review for July 1, 2019 AUD/JPY gaps into 76 handle on ceasefire noise AUD/JPY and Risk-on currencies higher at the open on Monday in early Asia following a widely expected ceasefire in the trade war between Trump-Xi wher   Wilting AUD Slips Further As China Caixin PMi Misses Key 50 Level AUD/USD was already fading as markets doubted the US-China trade truce’s substance. News that Chinese manufacturing output contracted last month didn’t help.   AUD/USD: Bulls bail-out and Chinese data miss will not be supportive going forward Chinese…

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Heads-up News 

Sydney Trading Session Heads Up Monday, July 1, 2019

Sydney opening news digest Nike’s Q4 2019: Earnings Miss Due To Currency Headwinds And Higher Cost; Outlook Remains Positive Nike (NYSE: NKE) released its Q4 and FY 2019 financial results on June 27, 2019, followed by a conference call with analysts. Performance Snapshot Nike reported revenue of $10.2 billion in Q4 2019, marking a growth of 4% over $9.8 billion in Q4 2018. For the full year, revenue came in a…   Bitcoin’s Pullback Below $10,000 Positive For Investors Bitcoin has fallen close to 30% in less than a week,…

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