Heads-up News 

Frankfurt Trading Session Heads Up Friday, August 16, 2019

Frankfurt opening news digest

EUR/USD Technical Analysis: Euro Down Trend Ready to Resume?

The Euro recoiled from resistance near 1.12 against the US Dollar, erasing most of August’s gains. Has the long-term downtrend resumed in earnest?

 

US Dollar May Extend Gains vs Euro if Sentiment Data Sours

The US Dollar may rise against the Euro if University of Michigan sentiment reports sap confidence, driving demand for liquidity and subsequently pushing the Greenback higher.

 

Asia Pacific Stocks Mixed As Wary Investors Eye US Bond Yields

Regional trade was short of an overarching theme as the week bowed out, but the Treasury market and next week’s Jackson Hole meeting were much in mind.

 

Malaysia: Economy beats expectations with 4.9% 2Q GDP growth – ING

Prakash Sakpal, economist at ING, notes that Malaysia’s GDP growth accelerated to 4.9% year-on-year in 2Q19 from 4.5% and was ahead of the consensus e

 

FX option expiries for Aug 16 NY cut

FX option expiries for Aug 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1000 749m 1.1080 523m 1.1100 952m 1

 

US: Strong data pulse – Danske Bank

According to Danske Bank analysts, US data yesterday were strong, not least US retail sales (control group) which rose 1.0% in July suggesting private

 

USD/CHF: Correcting higher – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that USD/CHF pair saw a key day reversal on Tuesday from .9659 and they suspect a loss of downside momen

 

Malaysia: Upside surprise in GDP – ANZ

ANZ analysts note that Malaysia’s Q2 economic activity produced a positive surprise for the second straight quarter. Key Quotes “We remain concerned a

 

Fed to cut by 25bps at each of the next five meetings – Danske Bank

Danske Bank analysts are expecting the US Fed to cut by 25bp at each of the next five meetings taking the target range to 0.75-1.00% at the March meet

 

JPY Futures: further rangebound still in the pipeline

According to advanced figures for JPY futures markets from CME Group, open interest shrunk for the first time since July 31, now by almost 2.8K contra

 

Gold technical analysis: About to confirm rising wedge on H1

With the 12-bar moving average convergence and divergence (MACD) flashing bearish signals, Gold sellers await confirmation of short-term rising wedge break.

 




GBP Futures: scope for a squeeze higher

CME Group’s preliminary readings for GBP futures markets noted open interest reversed the previous drop and rose by around 5.1K contracts on Thursday.

 

Forex Today: Aussie cheers risk reset; eyes on Treasury yields, US data

Here is what you need to know on Friday, August 16th: – The risk sentiment somewhat improved on Friday amid US President Trump’s optimistic comments o

 

Key Australian labour market posted strong figures – UOB

Economist at UOB Group Lee Sue Ann gave her view on the recent publication of the Australian labour market report. Key Quotes “Australia’s employment

 

EUR Futures: faces further downside

According to flash data for EUR futures markets from CME Group, investors scaled back their open interest positions by just 849 contracts on Thursday,

 

GBP/USD technical analysis: Bullish MACD favors recovery to 12-day old resistance-line, 21-DMA

GBP/USD recovers to 1.2100 as bullish MACD pleases buyers while heading into the UK session open on Friday.

 

EUR/USD: Market weighing on the downside – Commerzbank

Karen Jones, analyst at Commerzbank, notes that EUR/USD pair has eased back from resistance at 1.1285 and the 200 day ma at 1.1290. Key Quotes “It has

 

NZ: Weakness in manufacturing PMI – TD Securities

Analysts at TD Securities point out that New Zealand’s July Manufacturing PMI fell to 48.2 from 51.3 in June. Key Quotes “The employment measure fell

 

USD/TRY awaits Turkish industrial production to extend pullback from 10-DMA

Following its bounce of 10-day simple moving average (DMA), USD/TRY clings to 5.5700 ahead of Friday’s Europe session opening.

 

Rising concerns following GDP figures in EMU and Germany – UOB

Researchers at UOB Group assessed the recent publication of advanced figures for Q2 GDP in the euro area and Germany. Key Quotes “Economic growth acro

 

US Dollar Index in two-week highs around 98.20

The Greenback, tracked by the US Dollar Index (DXY), is extending the recent breakout of the 98.00 mark and is flirting with two-week highs in the 98.

 

Oil: Demand concerns are the driving factor for markets – ANZ

ANZ analysts suggest that it’s clear that concerns over oil demand have become the driving factor in oil markets with recent escalation in trade tensi

 

US Pres. Trump to proceed with F-16 fighter jets sale to Taiwan – WaPo

The Washington Post (WaPo) is out with the latest headlines, citing that the US President Trump is likely to proceed with F-16 fighter jets sale to Ta

 

Cheer Up

Adage:

Why do I look angry all the time? Imagine having a tick. Now imagine having hooves.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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