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Frankfurt Trading Session Heads Up Monday, October 21, 2019

Frankfurt opening news digest

Gold Prices Supported By Brexit Turmoil, US-China Trade Uncertainty

Gold prices were steady while oil prices slipped. Risk appetite was underpinned by ongoing Brexit purgatory while supply worries added to oil bulls’ woes.


EUR/USD Recovery at Risk as RSI Fails to Push into Overbought Zone

EUR/USD clears the September-high (1.1110) ahead of the ECB meeting, but the bullish momentum appears to be abating as the RSI fails to push into overbought territory.


France’s de Montchalin: There is no need to delay Brexit unless it is justified

France’s Secretary of State for European Affairs, Amélie de Montchalin crossed the wires in the last hour, via Reuters, saying that there is no need f


JPY Futures: looks consolidative so far

Open interest in JPY futures markets rose by around 2.2K contracts on Friday, reversing two consecutive daily drops according to flash data from CME G


Colombia Trade Balance: $-1426.6M (August) vs previous $-1088.4M

Colombia Trade Balance: $-1426.6M (August) vs previous $-1088.4M


EUR/USD could test the 1.1200 region near term – UOB

In opinion of FX Strategists at UOB Group, the upside momentum in EUR/USD could extend to the 1.1200 neighbourhood in the next weeks. Key Quotes 24-ho


Germany Producer Price Index (YoY) above forecasts (-0.3%) in September: Actual (-0.1%)

Germany Producer Price Index (YoY) above forecasts (-0.3%) in September: Actual (-0.1%)


Germany Producer Price Index (MoM) above expectations (-0.1%) in September: Actual (0.1%)

Germany Producer Price Index (MoM) above expectations (-0.1%) in September: Actual (0.1%)


GBP Futures: upside momentum could take a breather

CME Group’s advanced data for GBP futures markets noted investors trimmed their open interest positions by almost 2.8K contracts on Friday, reaching t


GBP/USD looks vulnerable ahead of another rocky day in parliament — Confluence Detector

GBP/USD has kicked off the week on the back foot after the UK parliament forced the UK government to ask for a Brexit extension. The battle in parliam


GBP/USD technical analysis: Buyers rely on short-term ascending triangle

The GB/USD pair’s pullback from last week’s “double tops” seems to have little downside as a week old rising trend line stands tall to challenge sellers.


Forex Today: Boris and sterling brace for more Brexit drama, some stability in trade, and Canada votes

Here is what you need to know on Monday, October 21: Brexit: GBP/USD kicked off the week with a drop toward 1.29 after an eventful weekend. Parliament


GBP/USD stays focused on 1.30 – UOB

FX Strategists at UOB Group expect Cable to remain bid in the next weeks, with the immediate target at the key 1.30 handle. Key Quotes “While our view


EUR Futures: neutral/bullish near term

In light of preliminary figures for EUR futures markets from CME Group, open interest rose for yet another session, this time by just 890 contracts. O


Germany’s Altmaier: We need clarity on Brexit soon

Germany’s economy minister, Peter Altmaier, recently crossed wires while demanding immediate clarity over Brexit.


China’s GDP slows further in Q3 – UOB

Economist Ho Wein Chen, CFA at UOB Group, assessed the recent Chinese GDP figures for the third quarter. Key Quotes “China’s 3Q 2019 GDP growth slowed


USD/CHF technical analysis: 0.9900/10 challenges recovery from 61.8% Fibo.

USD/CHF bounces off from a multi-week low. 38.2% Fibonacci retracement, late-September bottoms can question the recent upside.


US Dollar Index keeps the firm note near 97.40

The Greenback, in terms of the US Dollar Index (DXY), has started the week on a firm note and rebounded to the 97.30/40 region, where sits the key 200


Asian stocks pay little heed to Brexit doubts amid trade optimism

With the trade-positive comments joining a hawkish action from the PBOC, not to forget about upbeat comments from Chinese state planner, Asian equities rise.



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