Heads-up News 

Frankfurt Trading Session Heads Up Monday, December 2, 2019

Frankfurt opening news digest

We’re Loving This Buy the Dip Opportunity in McDonald’s

Investors should jump at the opportunity to buy the dip in this restaurant stock.

 

Copper Price Outlook Grim as US-China Trade Talks Hit a Wall

Copper prices are coiling up for what may be a decisive breakdown as US-China trade talks stall while global economic growth continues to slow.

 

AUD/USD Forecast: RSI Offers Bearish Signal Ahead of RBA Meeting

Recent developments in the Relative Strength Index (RSI) offer a bearish signal for AUD/USD as the oscillator snaps the upward trend from August.

 

Australian Dollar Holds Up On China Caixin PMI. RBA, GDP Loom

The Australian Dollar looked firm after news that China’s private manufacturing continues to expand. However, the market is focused on domestic events this week.

 

Australia RBA Commodity Index SDR (YoY) came in at -5%, above forecasts (-5.3%) in November

Australia RBA Commodity Index SDR (YoY) came in at -5%, above forecasts (-5.3%) in November

 

EUR/GBP Technical Analysis: Buyers and sellers jostle inside immediate triangle

While taking rounds to 0.8530 ahead of Monday’s European session, the EUR/GBP pair maintains a three-day-old symmetrical triangle formation.

 

Japan Vehicle Sales (YoY) rose from previous -26.4% to -14.6% in November

Japan Vehicle Sales (YoY) rose from previous -26.4% to -14.6% in November

 

South Korea: Inflation slightly higher on lower base – ANZ

Analysts at Australia and New Zealand (ANZ) are out with their after thoughts on the below forecast South Korean inflation data released earlier on Mo

 

GBP/USD pays little heed to British politics ahead of UK Manufacturing PMI

The GBP/USD pair looks for fresh direction as it trades near 1.2915 while heading into the London open on Monday.

 

EU’s Dombrovskis issues Brexit warning over city of London access – FT

In an interview with the Financial Times (FT) on Monday, European Commission Vice President Valdis Dombrovskis warned that the City of London could be

 

USD/INR steps back from one-week high amid optimism surrounding China PMI

With the Asian markets cheering China data, USD/INR pays little heed to the previously published India GDP while taking rounds to 71.70.

 




Moody’s: China continues balancing act to ensure soft landing

Moody’s Investors Service, in its latest report on the Chinese economy, noted that China’s economic slowdown is poised to continue as a result of both

 

EUR/USD: Flashing red despite upbeat China data, focus on Lagarde’s testimony and US data

EUR/USD is not impressed by the upbeat China factory data and is flashing red ahead of the European Central Bank (ECB) President Christine Lagarde’s t

 

USD/IDR hits six-week highs as Indonesia’s CPI misses estimates with 3.00%

Indonesia’s annual inflation rate decelerated further in November, according to the latest data published by Statistics Indonesia on Monday. Indonesia

 

Indonesia Core Inflation (YoY) came in at 3.08%, below expectations (3.14%) in November

Indonesia Core Inflation (YoY) came in at 3.08%, below expectations (3.14%) in November

 

Indonesia Inflation (YoY) came in at 3% below forecasts (3.06%) in November

Indonesia Inflation (YoY) came in at 3% below forecasts (3.06%) in November

 

Indonesia Inflation (MoM) came in at 0.14% below forecasts (0.2%) in November

Indonesia Inflation (MoM) came in at 0.14% below forecasts (0.2%) in November

 

GBP/JPY shrugs off contradicting UK election polls amid broad risk-on

With the market’s risk sentiment cheering China data, GBP/JPY takes the bids to 141.60 ahead of the UK open on Monday.

 

NZD/USD shrugs off NZ Treasury’s dismal growth forecast, remains bid at session highs

The NZD/USD pair remains bid at session highs near 0.6445, the highest level since Nov. 4, despite New Zealand Treasury’s pessimistic comments on econ

 

WTI Technical Analysis: 50/100-day EMA question pullback from 61.8% Fibonacci

WTI’s recent pullback from 61.8% Fibonacci retracement helps it mark 1.1% gains while taking the bids to $56.15 by the press time of early Monday.

 

NZ Treasury: November data was fairly mixed, points to further growth slowdown

New Zealand’s (NZ) Treasury is out with its monthly economic indicators report, with the key takeaways found below. Data released over November was fa

 

Asian stocks rise, Shanghai Composite stuck at key hurdle

Asian stocks are flashing green on better-than-expected China factory data. At press time, Japan’s Nikkei index is adding 1% or 262 points and is the

 

Australia: Building approvals reverse after September surge – ANZ

Analysts at Australia and New Zealand (ANZ) offer a quick reaction to the downbeat Australian Building Permits data released earlier on Monday at 0030

 




Gold reports losses as China data beats estimates

Gold is flashing red in Asia, as stocks are gaining ground, possibly on the back of upbeat China data. At press time, the anti-risk yellow metal is tr

 

An outright Conservative majority is likely GBP bullish – Citibank

Analysts at Citi Group present various likely outcomes for the Dec 12 UK election and its implications for the pound. Key Quotes: “An outright Conser

 

China wants US tariffs rolled back in phase one trade deal – Global Times

Global Times, published by the official People’s Daily newspaper of China’s ruling Communist Party, quoted sources with direct knowledge of the trade

 

RBA: Not jumping to conclusions – TD Securities

The TD Securities analysts offer key insights on how to trade the Reserve Bank of Australia (RBA) decision due on Tuesday at 0330 GMT. Key Quotes: “TD

 

USD/INR technical analysis: Rupee looks south as India’s GDP hits 6-year low

The path of least resistance of the Indian Rupee is to the downside. The Indian unit rose well above 71.60 on Friday, confirming a falling channel bre

 

China: Surprisingly high PMIs to secure annual GDP growth at 6.2% – ANZ

Early on Monday, the Australia and New Zealand Banking Group (ANZ) released a report expecting China’s 2019 full-year GDP at 6.2%.

 

PBOC’s Yi signals policy to stay cautious amid uncertain data – Bloomberg

PBOC’s Yi signals policy to stay cautious amid uncertain data – Bloomberg

 

AUD/JPY Technical Analysis: Confronts two-week-old range resistance after China data

AUD/JPY rise to 74.30 after Caixin Manufacturing PMI from China pleased the buyers during Monday’s Asian session.

 

USD/JPY hits six-month high of 109.70

The anti-risk JPY is again losing ground, possibly tracking the uptick in the US equity index futures. The USD/JPY is currently trading at 109.70, the

 

AUD/USD extends recovery as China’s Caixin PMI follows official gauge’s footsteps

With the recently upbeat data from China, AUD/USD extends the pullback from multi-week low to 0.6775 during Monday’s Asian session.

 

Caixin China manufacturing PMI: 51.8 vs 51.7 in October, propels AUD to session highs

The November Caixin China Manufacturing PMI (Markit, sponsored by Caixin) has been released which follows a surprise weekend Manufacturing PMI which r

 

Trump’s signing of a Hong Kong human rights bill reportedly slashed efforts towards a China trade deal

A source close to Trump’s negotiating team told Axios that the US and China may not sign a “phase-one” trade deal until the “year-end at the earliest.”

 




U.S.-China ‘phase one’ trade deal expected ‘year-end at the earliest’: report

A “phase one” trade deal is unlikely to be agreed upon before late December, Axios reported Sunday. Citing a source close to the trade…

 

EU has opened new Google antitrust investigation: report

Alphabet Inc.’s Google is the subject of a new EU antitrust investigation over its data-collection practices, Reuters reported Saturday. “The…

 

Cross-Market Weekly Outlook: US-China Trade Talks, RBA, US Jobs, OPEC

In this webinar, DailyFX Senior Strategist Ilya Spivak discusses the outlook for the financial markets in the week ahead. Topics covered in this episode incl…

 

Key News Trading Events for the Week Ahead DEC 2

-Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 -Visit DailyFX: https://www.dailyfx.com/tv?CHID=9&QPID=30474 -Twitter: https://…

 

AUD/USD Trading Prep for the Week Ahead (26 Nov 2019)

In this webinar, DailyFX Sr Strategist Ilya Spivak discusses the technical and fundamental AUDUSD outlook for the week ahead. -Subscribe to DailyFX: https://…

 

Cheer Up

Adage:

Trends have counter trends to shake the weak hands out of the market.

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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