Markets News 

Markets hope for positive signs from Trump trade speech

“Daco questioned whether a limited trade deal with China would be enough to draw businesses back off the sidelines” writes Midwest Communications Inc for 95kqds.com. It remains notoriously hard to predict whether Trump will take a positive or negative tone on trade.A positive speech on U.S.-China trade would likely satisfy market participants even without specific details of the “Phase 1” agreement under negotiation, said Jim Paulsen, chief investment officer at The Leuthold Group in Minneapolis.Last week, officials from both sides said they had a deal to roll back tariffs, only…

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News 

China orders ByteDance’s Toutiao to fix search, saying national hero smeared

“In August, Toutiao launched a Chinese-language search engine that collates content within its app and the rest of the internet, becoming a competitor with Chinese search engine giant Baidu” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China’s internet regulator ordered ByteDance news app Jinri Toutiao to clean up its search engine, saying the search function threw up “slanderous” information on a late Communist Party military leader.Toutiao too has been temporarily taken down from Chinese app stores on previous occasions. Source: 95kqds.com

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China’s digital currency not seeking ‘full control’ of individuals’ details: central bank official

“Akin to Facebook’s proposed Libra digital currency and other cryptocurrencies such as bitcoin, the officially-named Digital Currency Electronic Payment will be powered partially by blockchain technology and dispersed through digital wallets” writes Midwest Communications Inc for 95kqds.com. It is not clear when the new digital currency will be launched.”We know the demand from the general public is to keep anonymity by using paper money and coins … we will give those people who demand it anonymity in their transactions,” Mu Changchun, head of the People’s Bank of China’s digital currency…

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News 

Supreme Court to hear Trump bid to end safeguards for ‘Dreamers’

“Obama acted after Congress failed to pass a bipartisan immigration policy overhaul that would have provided a path to citizenship to these young immigrants” writes Midwest Communications Inc for 95kqds.com. Trump wondered why so few in Washington had expressed “any compassion for the millions of Americans victimized” by America’s immigration system. Source: 95kqds.com

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News 

New book claims that Trump was ‘surprised’ when Nikki Haley confronted him over his head-scratching Helsinki summit with Putin

“During the press conference, the president sidestepped questions about Russian election interference, despite US intelligence assessments that pointed to Russian election meddling” writes Rosie Perper for businessinsider.com. “No one around him had characterized the press conference in that way.”. “I told the president what he said in the press conference made me very uncomfortable,” she wrote. Source: businessinsider.com

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GBP News 

Gold flat as investors await cues from Trump speech on trade war

“Gold prices were flat on Tuesday, as investors looked for clues from U.S. President Donald Trump on the status of trade talks with China, while the political unrest in Hong Kong provided some support to the safe-haven metal” reports cnbc.com. Asian share markets flatlined as uncertainty over China-U.S. trade talks and political strife in Hong Kong dogged sentiment, while safe-haven bonds eked out a bounce.An employee arranges one kilogram gold bars at the Perth Mint Refinery in Perth, Australia, on Aug. 9, 2018. Platinum edged up 0.3% to $878.41 per…

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News 

Japan October preliminary machine tool orders -37.4% vs -35.5% y/y prior

“Export orders continue to slump and reaffirms the weakness seen in the global manufacturing sector” reports forexlive.com. Japan is no exception to that and this will feed into another sluggish economic performance in the final quarter of the year. ForexLive The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers. Source: forexlive.com

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Markets News 

What is the market pricing in ahead of the RBNZ decision tomorrow?

“In case you’re wondering what’s weighing on the kiwi dollar today, it is the fact that the market is pricing in higher odds of a 25 bps rate cut for tomorrow” reports forexlive.com. As such, the kiwi is the weakest performing major currency on the day with NZD/USD easing from 0.6360 levels to 0.6333 currently.Given such odds as per the above, a decision by the RBNZ to cut rates tomorrow may still precipitate some weakness in the kiwi but if they do not deliver, expect a significant reversal to the…

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News 

Economic data coming up in the European session

“Hope you’re all doing well as we look to get things going in the session ahead” reports forexlive.com. ForexLive That’s all for the session ahead.Looking ahead, the risk mood will once again be a key focus amid some data points to move things along during the session.The kiwi has been dragged lower though after NZ data disappointed ahead of the RBNZ monetary policy decision tomorrow. Source: forexlive.com

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Heads-up News 

Frankfurt Trading Session Heads Up Tuesday, November 12, 2019

Frankfurt opening news digest EUR/NOK, GBP/SEK, GBP/NOK, USD/SEK Technical Analysis This piece will analyze key technical developments in EUR/NOK, GBP/SEK, GBP/NOK and USD/SEK as each pair approaches key technical levels.   New Zealand Dollar Slips As Inflation Expectations Fade The New Zealand Dollar continued to slide as domestic inflation expectations did likewise. This release is regarded, rightly or wrongly, as being of key importance to rate setters.   Palladium Prices Forecast to Fall After Chart Support Break Palladium prices may keep falling after the largest two-day drop in three months…

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