Frankfurt opening news digest
|The last posting about the oil price on February 17th pointed to higher prices into April. Oil was at $55.59 per barrel and has risen 5.3% to date. As|
|Local economic data out of Sweden and Norway remains relatively light (apart from the latter’s central bank meeting), leaving USD/SEK, USD/NOK on the lookout for|
|The US Dollar may rise on a Fed that is not quite as dovish as markets expect, sending USD/SGD higher as ASEAN currencies depreciate. USD/PHP|
|The Yellow Vest protests in France are re-erupting and Macron is once again on the defensive. A bold fiscal spending plan looks to be in|
|The Euro is back at trend-defining resistance against the US Dollar, with near-term chart positioning hinting that downside resumption is the likely path forward.|
|According to analysts at National Bank Financial, the highlight of the week in the US will be the central bank’s monetary policy meeting.
|According to the CFTC’s positioning data for the week ending 12 March 2019, leveraged funds turned net USD buyers after two weeks of net selling, but|
|The pennant breakout seen in EUR/USD’s 4-hour chart indicates the rally from the March 7 low of 1.1176 has resumed and 1.1363 (76.4% Fib R of 1.1420/1|
|USD/CHF daily chart
USD/CHF trades near 1.0015 while heading towards European session on Monday.
|In view of analysts at ANZ, drivers of New Zealand’s economic growth have shifted and this has been reflected in a changing economic landscape regiona|
|Justin Smirk, analyst at Westpac, suggests that their –5k forecast for February is more about monthly volatility than the start of a new trend for the|
|USD/CAD created a big doji candle – a sign of indecision in the market place – neutralizing the immediate bearish move.
Notably, the doji candle has
|Analysts at ANZ points out that the Federal Reserve’s Federal Open Market Committee (FOMC) meets this week and the recent Fed guidance points to it cu|
|Gerard Burg, senior economist at NAB, suggests that the uncertainty around the accuracy of Chinese official data has inspired a range of alternative m|
|Japan Industrial Production (YoY) above expectations (0%) in January: Actual (0.3%)|
|The GBP/USD pair clings to 1.3300 ahead of London open on Monday. The quote struggled between optimism surrounding soft/delayed Brexit, doubts over th|
|Japan Capacity Utilization came in at -4.7%, below expectations (-0.3%) in January|
|Japan Industrial Production (MoM) came in at -3.4%, above expectations (-3.7%) in January|
|GBP/JPY pair is currently trading at 148.27, having persistently defended 147.66 (23.6% Fib R of 143.72/148.78) over the second half of the last week.|
|The Barclays Research Team is out with a sneak peek at what to expect from Wednesday’s FOMC monetary policy decision due to be announced at 1800 GMT.|
|EUR/USD clocked a high of 1.1344 on Friday, the highest level since March 4, as weak US data pushed Treasury yields lower.
The US Empire State manuf
|Gold prices slid back to sub-$1300 region around early Monday. Optimism surrounding delayed Brexit largely played its role to propel the yellow metal|
|AUD/USD crossed the 21-day moving average (MA) of 0.71 soon before press time and is currently trading at a session high of 0.7110.
The Aussie dolla
|Reuters reports Russian Energy Minister Novak’s comment cited in a statement published by the Energy Ministry of Azerbaijan on Sunday, ahead of a meet|
|One-month 25 delta risk reversals on AUD/USD (AU1MRR), a gauge of calls to puts, is currently trading at -0.70 in favor of puts (bearish bets) – the h|
|In an interview with BBC on Sunday, the UK Finance Minister Philip Hammond noted that significant numbers of Tory MPs are coming on board with PM May’|
|USD/JPY could challenge last week’s highs above 111.80, having confirmed a flag breakout with a move above 111.53 in early Asia, according to the hour|
|NZD/USD is stuck in a descending broadening channel for the sixth straight day, according to 4-hour chart.
The bulls failed to force a convincing br
|Analysts at TD Securities (TDS) offer a detailed preview of Wednesday’s Federal Open Market Committee (FOMC) monetary policy announcement that is sche|
|The latest quarterly survey of economists at the New Zealand Institute of Economic Research (NZIER) showed that the economists made a downward revisio|
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|Reuters reports the latest comments from Saudi Arabian Energy Minister Khalid al-Falih on Sunday, who was speaking at a press briefing in Baku,
|AUD/JPY 4-Hour chart
|Japan’s trade surplus with the US fell 0.9 percent year-on-year to JPY 624.9 billion in February. Exports to US registered 2 percent growth, while imp|
|The British Pound (GBP) is taking bids around 148.20 versus the Japanese Yen (JPY) during early Monday. The GBP/JPY pair is under pressure due to rece|
|A proposed summit between President Donald Trump and China’s Xi Jinping to end the trade war may be pushed back to June, the South China Morning News…|
|Eldorado Resorts Inc. and Caesars Entertainment Corp. are in early merger discussions, Reuters reported Sunday. Activist investor Carl Icahn has recently…|
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