Heads-up News 

Frankfurt Trading Session Heads Up Monday, January 7, 2019

Frankfurt opening news digest

ASEAN FX Eye US China Trade Talks, Powell Put Beliefs at Risk?

ASEAN FX emerged stronger after ‘Powell Put’ speculation sunk the US Dollar. Next, all eyes are on US China trade talks. Will Fed Chair clarify


ASX 200 Technical Analysis: Post-Crisis Uptrend Remains In Balance

The ASX 200 is close to the top of its near-term trading range and may yet top it. However, its monthly chart position is a


Japanese Yen Weekly Technical Forecast: Flash Crash May Have Been a Red Herring

The flash crash in JPY-crosses ahead of the Asian session open on Thursday ultimately resulted in some of the most significant reversals ever seen in


Crude Oil Price Rebound May Struggle on US, China Trade War Fears

Crude oil prices may struggle to extend the recent recovery as tense talks between officials from the US and China cool hopes for trade war


Powell Put Bets Sink USD. Yen May Fall, US China Trade Talks Eyed

Speculation of a ‘Powell Put’ reversed gains in the US Dollar after an impressive jobs report. Asia stocks may rise as Japanese Yen falls unless


Japan’s Abe: Need to strengthen the economy this year

Japanese Prime Minister Shinzo Abe on Monday said there is need to strengthen the economy this year. 

Moreover, the government is set to increase the


Markets: What is most important in the week ahead? – Nordea Markets

Analysts at Nordea Markets point out that a lot of Fed speakers will have the chance to address the shaky global markets.

Key Quotes

“The FOMC meeti


Topped out? Value of gold calls has backed off from eight-month highs

Gold one-month 25 delta risk reversals (XAU1MRR) are currently trading at 1.7 in favor of calls, having hit an eight-month high of 2.2 on Dec. 27.



UBS’ Weber: investors have gone too bearish on US economy – BloombergTV

In a television interview with Bloomberg TV, UBS Chairman Axel Weber notes that markets seem to have rolled too far bearish given the condition of the


Markets: Key economic releases for the week ahead – Rabobank

Analysts at Rabobank list down the key economic releases and events for the week ahead from across the globe and suggest that today we have German and


EUR/GBP Technical Analysis: teasing double top breakdown

4-hour chart

Trend: Bearish



    Today Last Price: 0.896

    Today Daily change: 8.0 pips

    Today Daily change %: 0.0894%


GBP/USD bullish from 1.1400 as parliamentary Brexit vote looms

GBP/USD is trading into 1.1425 heading into the London market session for Monday, and although broader market sentiment is improving and dragging the


Moody’s: oil faces oversupply risk

Moody’s Investor Service, in its annual report, noted that the recent announcement that OPEC and Russia would cut production helps alleviate concerns


Canada: Tight labour market and a slowing economy – NBF

According to Matthieu Arseneau, analyst at National Bank Financial, the December jobs data for Canadian economy was essentially in line with expectati


EUR/USD: trapped in a 300-pip range

The EUR/USD pair is currently trading at 1.1428 – still trapped in a 1.15-1.12 range, which has been in place since mid-November.

The pair picked up


Canada: Jobs data won’t do much to goad the BoC into action – TDS

Analysts at TD Securities point out that the Canadian economy has added 9k jobs in December, roughly in line with market expectations (consensus: 10k,


US: Strong jobs data should calm the markets – Nordea Markets

Anders Svendsen, analyst at Nordea Markets, suggests that the last week’s strong non-farm payrolls data of US is likely to calm markets a little bit.


USD/JPY: feeling the pull of gravity as S&P 500 futures trim gains

The USD/JPY pair is currently trading at 108.12, having clocked a high of 108.62 in early Asia.

The pair was looking north at Tokyo open, as back the


UK PM Theresa May planning further postponing final Brexit deal vote – The Independent

The Independent, a British online newspaper, carried a story on Sunday, citing that the UK PM Theresa May is mulling over postponing the final Brexit


China approved new rail projects worth more than $125bn in December – FT

The Financial Times (FT) is out with the latest story, announcing that China has approved new rail projects worth more than $125bn in December, as a p


USD/CNH: value of put options hits highest since May 2017

The USD/CNH one-month 25 delta reversals (CNH1MRR) are currently trading at -0.40 in favor of put options – the lowest level since June 1, 2017.



Gold Technical Analysis: Bearish outside day makes today’s close pivotal

Daily Chart

Trend: Neutral



    Today Last Price: 1289.29

    Today Daily change: 4.3e+2 pips

    Today Daily change %: 0.33


What’s coming from the Fed, BoE, RBA, and BoC for 2019 – RBC

Analysts from RBC are out with a quick snapshot of the bank’s expectations for 2019 regarding the major central banks around the globe.

Key highlight


AUD/USD hits 2.5-week highs

The AUD/USD pair jumped to 0.7133 in Asia – the highest level since Dec. 20.

The Aussie dollar is likely benefitting from the risk-on action in the s


Oil markets pushing higher, WTI holding $48.50

Crude markets are catching a lift in early Monday trading, sending US WTI barrels upwards of 48.50 as energies traders look to reclaim the 49.00 and 5


NZD/USD Technical Analysis: 200-hour MA is key resistance

The NZD/USD pair’s recovery rally from the Jan. 2 low of 0.6586 stalled at the 200-hour moving average (HMA) on Friday. As a result, a convincing move


EEF: Brexit border delays pose huge risk to UK factories – Reuters

As reported by Reuters, a wide majority of UK businesses stand to face negative impacts from border delays following Brexit, according to results from


Gold: bid early on USD weakness

Gold is currently reporting a 0.30 percent gain at $1,287, having bounced off the 200-HMA on Friday.

The yellow metal is likely benefitting from the


EUR/JPY: Upside rebound bias in play as risk appetite improves

EUR/JPY rallied from the flash crash lows and drifted higher from the 122 handle to a recent high and towards the 100-hr SMA. The cross is through the


EUR/USD holding above 1.1400, set for a break higher for Monday

EUR/USD is ticking around on the north end of 1.1400 through Monday’s early trading session as risk appetite finds a bid to kick off the new trading w


PBOC sets yuan reference rate at 6.8517

The People’s Bank of China (PBOC) set the yuan reference rate at 6.8517 vs Friday’s fix of 6.8586.


USD/CNH Technical Analysis: Break below 100-day EMA would bolster the bearish setup

The USD/CNH pair could suffer deeper losses if the immediate support at 6.8857 is breached, technical charts indicate.

Daily chart

As seen above


Goldman Sachs cuts 2019 oil price forecast

The investment bank Goldman Sachs has cut both the Brent and WTI oil price forecast by 2019, according to Bloomberg.

Brent is now seen averaging $62.


Chinese media: PBOC set for another RRR cut soon

According to headline blips crossing the wires, China’s state-run Economic Information Daily is suggesting the People’s Bank of China (PBoC) still has


AUD/JPY holds above 200-HMA amid risk-on in equities

The AUD/JPY pair is looking north amid risk-on in the global markets, having found acceptance above the 200-hour moving average (HMA) on Friday.

As o


Nvidia launches lower-priced GeForce RTX 2060 graphics card

Nvidia Corp. NVDA, +6.41% announced a new, lower-priced version of its newest graphics cards Sunday evening at an early CES news conference. Nvidia Ch


CBS News president to step down after tumultuous year

CBS News President David Rhodes announced Sunday night he is stepping down, following a tumultuous year for the network and its news division. “It’s b


Sears liquidation looms as Lampert’s buyout bid fails: report

Sears Holding Corp. SHLDQ, -18.26% is laying the groundwork to liquidate all of its stores after a rescue bid by Chairman Eddie Lampert fell short, Bl


Cheer Up


“If you find yourself in the bottom of a deep hole, the first thing to do is stop digging.”


Image courtesy: www.profitf.com

Have a nice trading!

Related posts