Frankfurt opening news digest
|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|
|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|
|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 prices may struggle to extend the recent recovery as tense talks between officials from the US and China cool hopes for trade war|
|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|
|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
|Analysts at Nordea Markets point out that a lot of Fed speakers will have the chance to address the shaky global markets.
“The FOMC meeti
|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.
|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|
|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|
Today Last Price: 0.896
Today Daily change: 8.0 pips
Today Daily change %: 0.0894%
|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 Investor Service, in its annual report, noted that the recent announcement that OPEC and Russia would cut production helps alleviate concerns|
|According to Matthieu Arseneau, analyst at National Bank Financial, the December jobs data for Canadian economy was essentially in line with expectati|
|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
|Analysts at TD Securities point out that the Canadian economy has added 9k jobs in December, roughly in line with market expectations (consensus: 10k,|
|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.|
|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
|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|
|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|
|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.
Today Last Price: 1289.29
Today Daily change: 4.3e+2 pips
Today Daily change %: 0.33
|Analysts from RBC are out with a quick snapshot of the bank’s expectations for 2019 regarding the major central banks around the globe.
|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
|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|
|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|
|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 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 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 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|
|The People’s Bank of China (PBOC) set the yuan reference rate at 6.8517 vs Friday’s fix of 6.8586.|
|The USD/CNH pair could suffer deeper losses if the immediate support at 6.8857 is breached, technical charts indicate.
As seen above
|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.
|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|
|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.
|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 David Rhodes announced Sunday night he is stepping down, following a tumultuous year for the network and its news division. “It’s b|
|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|
“If you find yourself in the bottom of a deep hole, the first thing to do is stop digging.”
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Have a nice trading!