Frankfurt opening news digest
|The Euro is pressuring support guiding it higher against the US Dollar since mid-November after rejection at trend resistance triggered a five-day losing streak.|
|Stocks look more vulnerable, opening the door to US Dollar gains versus ASEAN currencies. Sentiment-linked crude oil prices may fall with weak demand, benefiting the|
|The Norwegian Krone will be closely eyeing tomorrow’s CPI data as the European economy slows down and may begin to weigh on Norway’s performance.|
|The Australian Dollar wilted last week as the Reserve Bank of Australia altered course on interest rate guidance and lowered forecasts. But was all quite|
|The DAX had its lowest close in over three weeks after dismal French, Italian data. The S&P 500 still pulled through. The stall in the|
|Analysts at TD Securities are expecting an above-consensus December monthly GDP print of +0.2% m/m (mkt: 0.0%) for the UK economy, which is likely to|
|Gold convincingly crossed the falling channel hurdle on Friday, signaling an end of the corrective pullback from recent highs above $1,325. So far, ho|
|Dominick Stephens, chief economist at Westpac, suggests that they are expecting the RBNZ to leave the OCR on hold but to shift to a strictly neutral m|
|Asian stocks stretched Friday’s losses forward during initial Monday as risk aversion pushed global investors off equities. The US-China trade talks,|
|The newly appointed Chief Economist at the International Monetary Fund (IMF) was on the wires last minutes, via The Financial Times (FT), noting that|
|The EUR/GBP pair is currently trading at 0.8755 and risks falling to last week’s low of 0.8728, as the hourly chart MAs have turned bearish.
|According to analysts at ANZ, the RBNZ Monetary Policy Statement is this week’s headline act.
“Since November, the labour market has flat
|The USD/CNH pair’s quick recovery from the session low of 6.7646 to 6.7867 reinforces the bullish view put forward by the daily chart below. The pair,|
|The Financial Times (FT) carried an editorial piece on Monday, shedding some light on the US Federal Reserve’s (Fed) mysterious U-turn seen last month|
|Sonia Meskin, US economist at Standard Chartered, points out that in the past, Fed officials have stated that the long-run system open market account|
|A widely watched Newspoll for The Australian newspaper, showed that the Australia’s Conservative government is seen facing a huge electoral defeat in|
|The EUR/USD pair could extend its five-day losing streak with a drop to the January low of 1.1289, courtesy of falling German bond yields and a bearis|
|Analysts at Rabobank lists down the key economic releases and events for the markets for the week ahead.
“Today is a Japanese holiday but
|Sean Callow, analyst at Westpac, notes that the AUD/NZD has started this year drifting higher, reducing what Westpac estimates to be its prolonged und|
|The GBP/USD pair trades little changed around 1.2930 before European session on Monday. The quote came under pressure on Reuters report that the UK PM|
|Hong Kong’s overnight CNH (offshore yuan) interbank offered rate fell to 1.18367 percent today – the lowest level since June 2017.
The drop to 7.5-m
|USD/JPY daily chart
The USD/JPY pair trades positively towards confronting 110.00 at the initial hours of Asian sessions on Monday.
|Iron ore futures on China’s Dalian Commodity Exchange (DCE) rose to a record on Monday, as the Chinese traders return from their week-long New Year ho|
Today Last Price: 71.245
Today Daily change: 0.0750 pips
Today Daily change %: 0.11%
|Analysts at Morgan Stanley are out with their take on the Aussie dollar and offer a trading recommendation, in response to the recent neutral shift by|
|Prime Minister Theresa May has rejected the idea of targeting a customs union with the European Union, dashing hopes that she could shift her Brexit p|
|According to the latest study by the researchers from the London School of Economics’ Centre for Economic Performance, the UK firms’ investments in th|
|The AUD/USD pair is currently trading at 0.71, having clocked a low of 0.7060 last week.
The 40-pip oversold bounce could be extended further toward
|Gold has steadied above $1,310, after rallying for two days straight on global growth concerns.
The yellow metal printed a low of $1,302 on Thursday
|In their latest client note, analysts at ING Bank offer their outlook on the EUR/USD pair, citing that there is further downside in play, in the wake|
|AUD/JPY daily chart
The AUD/JPY pair stretched its Friday’s bounce to near 78.00 during initial trading hours on Monday.
|The UK and Switzerland signed a trade continuity agreement that will allow both the countries to continue trading with each other after the UK leaves|
|The NZD/USD pair beat the 200-day moving average (MA) hurdle at 0.6765 soon before press time and could rise further to 0.68 as the hourly chart is re|
|EUR/JPY has been tracking the performance of global stocks and the ebbs and flows of the market’s risk appetite subject to global growth and trade tal|
|Reuters offers additional insights on the weekend’s headlines, citing that the US-China talks are likely to be held on February 14th and 15th.
|Apollo Global Management LLC APO, -0.60% is close to a $3 billion deal to buy 14 regional TV stations from Cox Enterprises Inc., Reuters reported Sund|
|White House officials have discussed President Donald Trump’s Florida club, Mar-a-Lago, as the possible site of a March summit with Chinese President|
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