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Frankfurt Trading Session Heads Up Friday, June 14, 2019

Frankfurt opening news digest

EURUSD May Fall on US Retail, Sentiment Data. GBP Eyeing Carney

Growing demand for liquidity amid risk aversion may pull EURUSD lower even if US data underperforms and tilts the Fed to a more dovish disposition. GBP eyeing BoE’s Mark Carney.

 

Asian Stocks Mixed As US, Iran Trade Accusations Over Tanker Attacks

Regional equity had a narrow and mixed session Friday with Middle Eastern tensions back to the fore. Pro-risk currencies struggled much more obviously.

 

France Consumer Price Index (EU norm) (YoY) in line with forecasts (1.1%) in May

France Consumer Price Index (EU norm) (YoY) in line with forecasts (1.1%) in May

 

France Consumer Price Index (EU norm) (MoM) came in at 0.1%, below expectations (0.2%) in May

France Consumer Price Index (EU norm) (MoM) came in at 0.1%, below expectations (0.2%) in May

 

India WPI Inflation came in at 2.45% below forecasts (3.1%) in May

India WPI Inflation came in at 2.45% below forecasts (3.1%) in May

 

South Korea: Weak construction investment is driving slowdown – Standard Chartered

According to Chong Hoon Park, Head of Korea Economic Research at Standard Chartered Bank, external headwinds are widely blamed for Korea’s current eco

 

China: Multi-faceted support measures amid trade tensions – ANZ

In view of analysts at ANZ, China has paved the way to provide more stimulus to the economy amid concerns about a protracted trade war and the takeove

 

EUR/USD: More responsive to US data releases – Danske Bank

According to Vladimir Miklashevsky, senior economist at Danske Bank, EUR/USD has been more responsive to US data releases of late and is likely due to

 

Argentina Consumer Price Index (MoM) fell from previous 3.2% to 3% in May

Argentina Consumer Price Index (MoM) fell from previous 3.2% to 3% in May

 

S. Korean FinMin Hong: Downside risks looming larger for S. Korean economy

The South Korean Finance Minister Hong Nam-ki was on the wires earlier today, warning about the increasing downside risks posed to the South Korean ec

 

Eurozone Official: EU FinMins have failed to reach an agreement on the source of financing for a future EZ Budget

Reuters quote a Eurozone official commenting on the European Union (EU) Finance leaders’ meeting on the Eurozone Budget. Key Headlines: Finance Minist

 




GBP Futures: potential rebound on the cards

CME Group’s flash data for GBP futures markets noted open interest shrunk by around 6.7K contracts, reversing the previous build. In the same line, vo

 

Germany Wholesale Price Index (MoM) registered at 0.3%, below expectations (0.8%) in May

Germany Wholesale Price Index (MoM) registered at 0.3%, below expectations (0.8%) in May

 

Germany Wholesale Price Index (YoY) came in at 1.6%, below expectations (2.8%) in May

Germany Wholesale Price Index (YoY) came in at 1.6%, below expectations (2.8%) in May

 

GBP/USD technical analysis: Clings to 4H 100MA 10-day long support-line

GBP/USD remains modestly flat around 100-bar moving average (4H 100MA) and 10-day long support-line as it trades near 1.2675 during early Friday.

 

EUR Futures: door open for further retracements

In light of advanced data for EUR futures markets from CME Group, investors added around 11.7K contracts to their open interest positions on Thursday,

 

China Pres. Xi to Iran’s Rouhani: No matter how situation changes, China will promote steady development of ties with Iran

Reuters reports the latest comments by the Chinese President Xi Jinping, as he tells the Iranian President Rouhani that no matter how the situation ch

 

FX option expiries for June 14 NY cut

FX option expiries for June 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1175 612m 1.1300 4.4bn 1.1350 979m

 

CBR decision and US retail sales amongst market movers today – Danske Bank

Danske Bank analysts point out that the Bank of Russia (CBR) will announce its decision on the key rate and the central bank governor will hold a pres

 

WTI on the bids amid US-Iran conflicts, China data in the spotlight

WTI remains on the bids around $52.50 during early Friday as the US allegations of Iran being behind the attacks in the Gulf of Oman please energy buyers.

 

US Dollar Index looks to extend the breakout of 97.00

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main competitors, is adding to the weekly recovery above the key barrier at

 

Forex Today: Antipodeans fall as rate cut bets deepen, focus on China data

FX today experienced witnessed mixed market sentiment in Asia this Friday, with traders cautious amid heightening US-Iran geopolitical tensions, espec

 

Russia: CBR likely to cut its policy rate by 25bps – TDS

In line with the almost unanimous consensus, analysts at TD Securities are expecting the CBR to cut its policy rate, the Key Rate, by 25bps to 7.5% at

 




NZ: Slow and steady housing market – ANZ

Analysts at ANZ note that the New Zealand’s REINZ house sales fell 2.7% in May (sa, ANZ estimate), taking annual sales growth to -9.5%. Key Quotes “Na

 

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Have a nice trading!




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